Riversand, a leading software-as-a-service (SaaS) Master Data Management (MDM) provider, has received an additional funding of $10mn from Crestline Investors (Crestline). The company was founded by Upen Varanasi in 2001.
In 2017, Crestline invested $35 million in Riversand in Series A round funding.
The additional investment will be used to continue Riversand’s product innovation as a technology leader in the space and fund growth initiatives.
Upen Varanasi, CEO and Founder of Riversand, said, “Crestline Investors is a valued partner and has enabled us to deliver a best-in-class product that is seeing incredible adoption and high levels of customer satisfaction. We will use this additional capital to continuously strengthen our product through innovation, amplify our sales and marketing efforts, and accelerate growth in new geographies and market verticals.”
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