Whatfix raises $90 million in funding led by SoftBank Vision Fund 2

The corporate has 500 international clients comprising greater than 100 Fortune 1000 manufacturers, together with The Netherlands Pink Cross, Experian, Sentry Monetary Providers, Cardinal Well being Canada, BMC Software program, Bausch & Lomb amongst others.

Whatfix, a digital adoption options platform, on Tuesday introduced that it has raised $90 million in Sequence D funding led by SoftBank Imaginative and prescient Fund 2. Eight Roads Ventures, Sequoia Capital India, Dragoneer Funding Group, F-Prime Capital and Cisco Investments additionally participated within the spherical.

Whatfix’s whole fund depend now stands at $139.8 million. The corporate claims that its valuation has elevated by as a lot as thrice prior to now 15 months. The newest funding values the corporate at about $600 million, considerably greater than $150 million it was valued at throughout its earlier funding spherical closed a couple of 12 months in the past, CEO & co-founder Khadim Batti mentioned in an interview to native media.

The corporate plans to make use of the funding to proceed strengthening its progress within the US whereas accelerating international growth into new markets akin to Asia Pacific and Europe. As well as, Whatfix will make investments the funds in product innovation specializing in synthetic intelligence (AI), enterprise options, and offering personalised experiences, the corporate mentioned in a press release.

Whatfix mentioned that the agency’s income and headcount tripled prior to now two years. The US-headquartered firm that runs an workplace in Bengaluru at present has 500 workers throughout six international workplaces.

The corporate has 500 international clients comprising greater than 100 Fortune 1000 manufacturers, together with The Netherlands Pink Cross, Experian, Sentry Monetary Providers, Cardinal Well being Canada, BMC Software program, Bausch & Lomb amongst others.