10 months ago

MoEngage Secures $100 Million to Boost AI and Global Expansion

MoEngage Secures $100 Million to Boost AI and Global Expansion
MoEngage gets $100M to scale marketing AI agents and accelerate expansion in North America · CNBC TV 18

MoEngage is a company that helps other businesses communicate better with their customers using smart technology, especially Artificial Intelligence (AI).

They just received $100 million from investors like A91 Partners and Goldman Sachs.

This money will help them make their AI tools even smarter.

They also plan to grow their teams in North America and Europe to help more companies.

North America is already their biggest market.

Businesses use MoEngage to create campaigns and keep their customers happy.

This new money helps MoEngage keep improving its tools and reach more businesses around the world.

They have already helped over 300 companies, like SoundCloud.

This funding brings their total raised money to over $250 million.

Key facts

Company
MoEngage
Funding Round
$100 million
Lead Investors
A91 Partners, Goldman Sachs Alternatives
Total Funding to Date
Over $250 million
Focus Areas
AI innovation, global expansion (North America, EMEA)
Customer Base
Over 300 enterprises worldwide, including SoundCloud
Founding Year
2014

Quotes

Raviteja Dodda

CEO and co-founder, MoEngage

“Our global momentum on top of our category leadership in Asia is a validation that consumer brands are moving beyond legacy marketing clouds. Over 300 enterprises worldwide have turned to MoEngage for its ease of use and AI-led agility, achieving time-to-value within weeks of migration. These enterprise migrations have accelerated our growth in the North America and EMEA regions. We are excited to partner with Goldman Sachs and A91 Partners in this journey.”
thehindubusinessline.com

Hope Barrett

Senior Director of Martech at SoundCloud

“MoEngage has been an incredible partner in our growth journey. Their platform enabled us to seamlessly migrate more than 120 million users in just 12 weeks and leverage AI-driven insights to accelerate product launches that have strengthened retention across our paid user base.”
thehindubusinessline.com

Rajat Sood

Managing Director at Goldman Sachs Alternatives

“Our investment in MoEngage reflects Goldman Sachs’ commitment to backing category-leading technology platforms that are leveraging AI for serving enterprises globally. By leveraging our global network, expertise and capital, we look forward to helping the company accelerate growth, expand into new markets, and deliver lasting value to its customers.”
thehindubusinessline.com

Kaushik Anand

Partner at A91 Partners

“We have gotten to know the MoEngage team over the last six years, and have been impressed by their ability to constantly innovate and expand their product offerings. We are excited to back MoEngage as they look to scale their global customer footprint by empowering marketing and product teams with cutting-edge technology to build and retain customer relationships.”
thehindubusinessline.com

Sources

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