Hightouch, a San Francisco-based data activation platform for sales and marketing teams, has recently secured an impressive $80 million in Series C funding. This new round of investment, led by Sapphire Ventures, places Hightouch at a valuation of $1.2 billion. The company’s innovative use of AI to enhance customer interactions and its robust integration capabilities have positioned it as a formidable player in the competitive customer data platform market. With this capital injection, Hightouch aims to further develop its AI-driven tools and expand its market reach.
Hightouch offers a unique "composable" customer data platform that leverages existing company data to deliver personalized marketing campaigns. By integrating seamlessly with over 250 tools, including Databricks, the platform empowers marketing teams to better understand their customers and execute tailored strategies. The founders, Tejas Manohar, Josh Curl, and Kashish Gupta, bring extensive experience from companies like Segment, where they honed their skills in building scalable data platforms.
The platform's core strength lies in its ability to transform raw data into actionable insights. Marketers can utilize Hightouch to craft highly relevant messages, improve lead generation, and enhance customer support. For instance, PetSmart uses Hightouch to send personalized communications to its loyalty program members, optimizing everything from emails to printed receipts. This level of customization not only boosts customer engagement but also drives business goals such as increasing repeat purchases. Bradley Breuer, Vice President of Marketing at PetSmart, highlights the platform's capability to autonomously execute campaigns at scale, significantly enhancing operational efficiency.
In an increasingly crowded market dominated by legacy players like Salesforce and Twilio, Hightouch stands out through its cutting-edge AI decision-making product. Launched in the summer of 2024, this tool automates and personalizes customer communication, ensuring relevance in a world saturated with digital noise. The founders emphasize the importance of delivering meaningful interactions rather than overwhelming customers with generic content. By setting business objectives, marketers can leverage Hightouch's AI to determine the optimal messaging and timing for outreach efforts.
Rajeev Dham, a partner at Sapphire Ventures, underscores the significance of Hightouch's approach in achieving the ultimate goal of marketing—targeting the right customer at the right time. The influx of data processed through Hightouch provides invaluable insights that drive smarter marketing decisions. As the company continues to innovate, it is well-positioned to challenge established players and carve out a significant niche in the rapidly evolving customer data platform space. Investors and industry experts alike are optimistic about Hightouch's future, recognizing its potential to reshape how businesses engage with their customers.