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- Mutiny
Mutiny Revenue, Valuation, Funding & Investors
Mutiny is valued at $600M as of April 2022. Mutiny revenue was $2M, as disclosed with its September 2021 round.
Last Mutiny valuation
$600M
Series B · Apr 2022
Last Mutiny funding round
$50M
Series B · Apr 2022
Mutiny revenue
$2M
Series A · Sep 2021
Key investors in Mutiny
Uncork Capital
Cowboy Ventures
Y Combinator
Sequoia Capital
Insight Partners
Tiger Global
About Mutiny
Mutiny is a San Francisco-headquartered B2B marketing platform using AI for personalized experiences on target accounts. It generates microsites, content variants, and account insights to drive pipeline. Backed by Sequoia Capital, Tiger Global, Insight Partners, and Y Combinator, it serves high-growth SaaS companies.
Founded
2018
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Revenue
$2M (Sep 2021)
Valuation
$600M (Apr 2022)
Mutiny Valuation
Mutiny is currently valued at $600M, based on its Series B in April 2022. Read the announcement ↗
The $50M round was led by Insight Partners and Tiger Global, with participation from Sequoia Capital, Uncork Capital and Cowboy Ventures.
Mutiny's valuation has grown 6.1x from $98M at its Series A in September 2021 to $600M in April 2022, across 2 priced rounds.
Mutiny valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Apr 2022 | Series B | $600M | - |
| Sep 2021 | Series A | $98M | 49.0x |
Mutiny Revenue
Mutiny's latest recorded revenue is $2M, as of its Series A in September 2021. At a $98M valuation, that implies a 49.0x revenue multiple.
Mutiny revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Sep 2021 | $2M | $98M | 49.0x | Series A |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Mutiny Funding History
Mutiny has raised a total of $72M across 4 funding rounds.
Mutiny's first fundraising round was a $100K pre-seed round in August 2018. The most recent completed round was a $50M Series B in April 2022.
Mutiny funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Apr 2022 | Series B | Insight Partners (lead); Tiger Global (lead); Sequoia Capital; Uncork Capital; Cowboy Ventures | $50M | $600M | Mutiny is a no-code AI platform that personalizes website content and headlines to convert marketing spend into revenue, targeting marketers who lack engineering resources. It integrates with a company's data and website, using AI like OpenAI's GPT-3 to serve customized versions to users, competing with Intellimize and Constructor. Customers include Dropbox, Snowflake, Qualtrics, and Carta, with the platform reaching roughly 50 million people across more than 3 million companies. On April 20, 2022, Mutiny raised a $50 million Series B round co-led by Insight Partners and Tiger Global, with participation from Sequoia Capital, Cowboy Ventures, Uncork Capital, and CMOs from companies like Uber, Visa, Salesforce, Square, Figma, Condé Nast, Carta, Snowflake, and Atlassian. The round valued Mutiny at $600 million post-money, bringing total funding to around $72 million. Investors highlighted Mutiny's rapid growth, momentum as a 'secret weapon' for revenue acceleration, and its innovative approach to growth engineering without engineers. Proceeds will fund team expansion from 40 to more than double by 2023 and heavy investment in AI technology. Mutiny reported revenue on track to quadruple in fiscal quarter 2022, emphasizing capital efficiency amid the shift to online customer acquisition. The platform automates AI-powered recommendations, content writing, analytics, and growth experiments tied directly to revenue outcomes. |
| Sep 2021 | Series A | Sequoia Capital (lead); Y Combinator; GTMfund; Uncork Capital; Cowboy Ventures | $19M | $98M | Mutiny HQ Corporation is a San Francisco-based no-code AI platform that automates conversion optimization, enabling marketers to personalize websites, run A/B tests, and drive revenue without engineering support. It provides tools for data analytics, AI-powered recommendations, and content generation to convert top-of-funnel demand into revenue. The company raised $18.5 million in a Series A round in September 2021, led by Sequoia Capital, with participation from Cowboy Ventures, Uncork Capital, and CMOs from companies like AngelList, Carta, Gong, Hopin, Salesforce, and Snowflake. At the time of the Series A, Mutiny disclosed $2 million in ARR, reflecting early traction with around 50 million people across 3 million companies exposed to its personalized websites. The post-money valuation for this round was $97.5 million. Following the Series A, Mutiny continued rapid growth, raising a $50 million Series B in April 2022 at a $600 million valuation from Tiger Global and Insight Partners, with prior investors including Sequoia Capital, Cowboy Ventures, and Uncork Capital. Customers like Notion reported up to 60% improvements in conversion rates from paid ads. |
| Sep 2018 | Seed | Cowboy Ventures (lead); Uncork Capital (lead) | $3M | - | - |
| Aug 2018 | Pre-seed | Y Combinator (lead) | $100K | - | - |
Who has invested in Mutiny?
7 investors have backed Mutiny across its funding rounds, including Uncork Capital, Cowboy Ventures, Y Combinator, Sequoia Capital, Insight Partners and Tiger Global.
Lead investors include Insight Partners, Tiger Global, Sequoia Capital, Cowboy Ventures, Uncork Capital and 1 other investor.
Mutiny Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Sep 2018 | ||
| 3 | Lead | Sep 2018 | ||
| 2 | Lead | Aug 2018 | ||
| 2 | Lead | Sep 2021 | ||
| 1 | Participant | Sep 2021 | ||
This data is available for Pro users. Sign up to see all 7 Mutiny investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Mutiny
Mutiny has acquired 1 company to date.
Last acquisition by Mutiny was on October 18th 2022. Mutiny acquired Intellipse for undisclosed valuation.
Latest Acquisitions by Mutiny
| Description | Intellipse is a SMS marketing platform centered on human interactions that drive customer loyalty via engagement, insights, and personalized conversations. It captures first-party anonymous data from website visitors on interests, purchase intent, and purchase barriers. Brands deploy interactive SMS campaigns and two-way customer journeys aligned with sales, support, or retention goals. Headquartered in the United States, the platform supports global brands in e-commerce and retail sectors through its web-based interface. |
| HQ Country | |
| HQ City | San Francisco, CA |
| Deal Date | 18 Oct 2022 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Mutiny acquisitions and their M&A valuation multiples. Start Free Trial | |
Mutiny Competitors
Mutiny competitors include listed companies like Rezolve AI, Capillary Techs India and SoundHound, and private ones like Scaled Cognition, Cognism and Netic.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $47M | ($109M) | $609M | 2.4x | ||
| Private | - | - | $750M | - | ||
| Private | $71M | - | $450M | 6.3x | ||
| Private | - | - | $450M | - | ||
| Publicly listed | $77M | $13M | $421M | 4.2x | ||
| Publicly listed | $169M | $19M | $1.9B | 7.4x |
Mutiny Public Comps
Mutiny is still privately-owned, but its public comps include Baida Group Co, Rezolve AI, Shenzhen Sunwin, Hanwang Technology Co, Beijing Deep Glint Tech, Datasection, Quadient, Rackspace, PKSHA Technology and Unisound Ai Technology.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $31M | $9M | 13.8x | - | 45.9x | - | |||
| $47M | ($109M) | 16.0x | 2.4x | (6.9x) | (13.0x) | |||
| $20M | ($148M) | 32.6x | - | (4.3x) | - | |||
| $284M | ($14M) | 2.1x | - | (41.7x) | - | |||
| $23M | ($30M) | 21.7x | 7.6x | (17.1x) | (69.8x) | |||
| $213M | $27M | 2.6x | 2.6x | 20.7x | 21.0x | |||
| $1.2B | $97M | 1.1x | 1.2x | 13.6x | 5.3x | |||
| $2.7B | $244M | 1.4x | 1.5x | 15.7x | 13.5x | |||
This data is available for Pro users. Sign up to see all Mutiny competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Mutiny
| When was Mutiny founded? | Mutiny was founded in 2018. |
| Where is Mutiny headquartered? | Mutiny is headquartered in San Francisco, CA, United States. |
| Is Mutiny publicly listed? | No, Mutiny is a private, VC-backed company. |
| What is Mutiny's valuation? | Mutiny was last valued at $600M in its Series B in April 2022. |
| How much funding has Mutiny raised? | Mutiny has raised $72M across 4 funding rounds. |
| What was Mutiny's last funding round? | Mutiny's last funding round was a $50M Series B in April 2022, led by Insight Partners and Tiger Global. |
| Who are Mutiny's investors? | Mutiny's investors include Uncork Capital, Cowboy Ventures, Y Combinator, Sequoia Capital, GTMfund, Tiger Global and Insight Partners. |
| What is Mutiny's revenue? | Mutiny's latest recorded revenue is $2M (September 2021). |
| What is Mutiny's revenue multiple? | Mutiny's latest valuation implies a 49.0x revenue multiple ($98M valuation on $2M of revenue). |
| Which companies are comparable to Mutiny? | Companies comparable to Mutiny include Rezolve AI, Scaled Cognition, Cognism, Netic, Capillary Techs India and SoundHound. |
| How many companies has Mutiny acquired? | Mutiny has acquired 1 company, including Intellipse. |
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