UPDATED 11:08 EDT / NOVEMBER 13 2019

CLOUD

Customer relations management unicorn Freshworks raises $150M in late-stage funding

Freshworks Inc., an Indian company that sells business software tools ranging from information technology management to customer sales and support software, today announced its biggest funding to date, a late-stage $150 million round.

The Series H round was led by existing investors Sequoia Capital, CapitalG and Accel, and brings Freshwork’s total amount raised to date to $399 million. The company, which had already achieved unicorn status, is now valued at $3.5 billion.

Freshworks was founded back in 2010, beginning its life as Freshdesk, a provider of helpdesk software for customer support teams. But the company has come a long way since then, expanding to offer additional products for sales, marketing and human resource management teams.

That expansion prompted a 2017 rebrand to Freshworks. The company now has more than 150,000 customers worldwide, including the U.K.’s National Health Service, Honda Motor Co. Ltd. and Cisco Systems Inc.

Now the company believes the time is ripe for further expansion, and that’s exactly what it’s doing with the launch of its new Customer-for-Life Cloud. The new offering establishes a common data platform that consolidates customer information from across its marketing, sales and support products.

Sales and support teams will be able to respond more efficiently to customer inquiries and create new sales opportunities, Freshworks said. The Customer-for-Life Cloud also draws on artificial intelligence to provide recommendations based on a customer’s data, which is intended to improve customer satisfaction and retention.

“The Customer-for-Life Cloud enables businesses to sharpen their customer understanding to better predict and enable success, displacing dismal legacy SaaS solutions that have over-promised and underdelivered with eye-popping regularity,” Freshworks co-founder and Chief Executive Officer Girish Mathrubootham said in a statement.

Freshworks said it will use the new funds to fuel its worldwide expansion and accelerate investment in its software products.

Photo: Freshworks/Facebook

A message from John Furrier, co-founder of SiliconANGLE:

Your vote of support is important to us and it helps us keep the content FREE.

One click below supports our mission to provide free, deep, and relevant content.  

Join our community on YouTube

Join the community that includes more than 15,000 #CubeAlumni experts, including Amazon.com CEO Andy Jassy, Dell Technologies founder and CEO Michael Dell, Intel CEO Pat Gelsinger, and many more luminaries and experts.

“TheCUBE is an important partner to the industry. You guys really are a part of our events and we really appreciate you coming and I know people appreciate the content you create as well” – Andy Jassy

THANK YOU