Palo Alto – December 2, 2021 – Cooley advised Reltio, a master data management (MDM) platform, on its $120 million financing round, which brings its valuation to $1.7 billion. Lawyers Mike Lincoln, Grant Page and Matthew Schwee led the Cooley team advising Reltio.
Brighton Park Capital led the round, which included participation from existing investors Crosslink Capital, NewView Capital, RPS Ventures, Sapphire Ventures and .406 Ventures. The new capital will help to fuel Reltio's growth strategies, expand its global go-to-market and further scale the company's efforts to deliver industry-leading products.
"We are excited about the latest funding round led by esteemed investor Brighton Park and are grateful for the support of our existing investors," Chris Hylen, CEO of Reltio, said in a news release. "This investment underscores the significance of the data management category in today's digital data-driven environment and is validation of the larger market opportunity in front of us. Building on our rapid growth, this investment will further accelerate our path to deliver high-value data to customers and to become a world-class, Rule of 40+ SaaS company."
Reltio is the only company that offers a cloud-native multitenant and multidomain MDM platform delivering real-time data at scale. The Reltio Connected Data Platform provides agility, scale, simplicity, security and performance unmatched by competitors. Reltio's API-first approach eases configuration and integration with downstream applications for developers.