customer data platform

Catalyst Raises $15MM In Sequence A Funding Led By Accel, Helping Companies Enrich Consumer Adventure At Scale

big apple–(company WIRE)–Jul 30, 2019–

Catalyst, an intuitive client Success Platform (CSP), nowadays broadcasts a $15 Million collection A funding round led by way of Accel. Catalyst had in the past raised a $2.4M seed circular led via true Ventures followed by way of a $3M round led by means of Work-Bench, bringing the whole raised to $20.four Million. Catalyst will use the brand new funding to closely invest in engineers and designers, as well as speed up client success hiring and earnings to fulfill listing market demand.

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Catalyst, an intuitive consumer Success Platform (CSP), today broadcasts a $15 Million series A funding round led by using Accel. (photo: company Wire)

“We’re seeing a major shift in how businesses suppose about managing their valued clientele,” talked about Edward Chiu, CEO and Co-founder of Catalyst. “improving customer event is now a excellent priority for any high-performing corporation, and customer-dealing with teams want a single source of certainty to quite simply gauge customer health. They also need the potential to automate habitual projects, with a purpose to store time that can be reinvested lower back into the client — all of this is made simple with Catalyst.”

one of the vital unique facets of Catalyst is the capacity to align an entire business with the client success mission. not simplest does the platform act as a foundational device for CS groups, it brings collectively Product Managers, revenue, marketers, Engineers and the C-Suite. in accordance with Deloitte’s 2019 commercial enterprise client Success (CS) analyze, corporations that undertake client success broadly throughout their organization “power deeper consumer relationships and uncover more profits boom opportunities they may have in any other case missed.” although, the look at goes on to report that “very few businesses have been in a position to bring up the strategic value of CS inside their corporations.”

“I’ve on no account seen a tool get adopted as directly as Catalyst,” noted Joshua Sanders, Head of client Success at Tray.io. “now not most effective does my crew use it every day, but our engineers, product, and executives all want entry due to the context it surfaces regarding client engagement and their corresponding initiatives.”

Product elements consist of: Simplified Dashboards: find and visualize vital counsel related to valued clientele right away and easily, together with assembly notes, precise communique timelines, and customer statistics reminiscent of product adoption stats, assist tickets, contract data, and extra. consumer segment Builder: section customer lists with functionalities to directly drill down throughout dissimilar records sources. No more advanced SQL queries or requirements from engineering. computerized assignment and Lifecycle administration: Automate ordinary tasks for each stage of the client lifecycle in keeping with unique standards such as product adoption alterations or upcoming renewals. equipped notice Taking: Sync customer notes bi-directionally with Salesforce and the Slack integration to be certain assistance is shared across the total corporation.

due to the fact that launching in April of final 12 months, Catalyst has more than doubled worker count number and has experienced list profits boom month-over-month. the brand new $15 Million in funding will go in opposition t hiring engineers and designers to preserve the appealing consumer adventure whereas including mighty and robust new points. The founders additionally plan to construct a powerful group around customer success with the aid of internet hosting various hobbies throughout the country, including the primary-ever customer success convention by way of Catalyst with extra details coming quickly.

“Edward and Kevin constructed Catalyst from the ground up with client success groups in intellect,” said Vas Natarajan, accomplice at Accel. “From the primary demo of the product, we knew this changed into a transformational platform for businesses trying to more desirable manipulate their consumer base.”

About Catalyst

Catalyst is the intuitive consumer Success Platform (CSP) assisting groups cut back churn and enhance consumer journey at scale. based via CEO Edward Chiu and COO Kevin Chiu, the company has raised $20.four million in task funding from proper Ventures, Work-Bench, and Accel. existing purchasers include Gremlin, Helpshift, Sysdig and Tray.io. For greater counsel discuss with www.getcatalyst.io.

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PUB: 07/30/2019 11:00 AM/DISC: 07/30/2019 eleven:01 AM

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Copyright business Wire 2019.