UK-based customer interaction technology provider Qubit raised $40m on Monday in a series C round featuring Salesforce Ventures, enterprise software producer Salesforce.com’s corporate venturing unit.
Goldman Sachs Merchant Banking Division led the round, which included Sapphire Ventures, the venture capital firm spun out of enterprise software company SAP, and VC firm Accel Partners.
Qubit’s offering revolves around its Visitor Cloud customer data platform, which collects and processes more than 2.5 billion online consumer interactions each day. It provides clients with a detailed view of real-time behavioural patterns in order to help them increase revenue.
The company plans to use the series C cash influx to more than double its engineering capability. David Reis, managing director of Goldman Sachs Merchant Banking Division in Europe, will join Qubit’s board of directors in conjunction with the round.
Qubit has now raised $76m since it was founded in 2010, $26m of which came from a 2014 series B round backed by Salesforce Ventures, Accel Ventures and Balderton Capital.
Graham Cooke, co-founder and CEO of Qubit, said: “We are delighted to welcome Goldman Sachs into the Qubit family and David Reis onto our board of directors.
“We are also excited to have the support of Sapphire Ventures, whose significant experience scaling companies internationally and extensive connections within the enterprise ecosystem will be valuable assets to our growth.”