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

Mutiny Overview

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

United StatesSan Francisco, CA

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
Mutiny valuation by funding round
DateStageValuationRevenue Multiple
Apr 2022Series B$600M-
Sep 2021Series A$98M49.0x

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

Mutiny revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Sep 2021$2M$98M49.0xSeries 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

Mutiny funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Apr 2022Series BInsight Partners (lead); Tiger Global (lead); Sequoia Capital; Uncork Capital; Cowboy Ventures$50M$600MMutiny 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 2021Series ASequoia Capital (lead); Y Combinator; GTMfund; Uncork Capital; Cowboy Ventures$19M$98MMutiny 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 2018SeedCowboy Ventures (lead); Uncork Capital (lead)$3M--
Aug 2018Pre-seedY 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

Investors in Mutiny by funding rounds participated
InvestorHQRoundsRoleFirst check
Uncork CapitalUnited StatesSan Francisco, CA3LeadSep 2018
Cowboy VenturesUnited StatesSan Francisco, CA3LeadSep 2018
Y CombinatorUnited StatesSan Francisco, CA2LeadAug 2018
Sequoia CapitalUnited StatesSan Francisco, CA2LeadSep 2021
GTMfundUnited StatesAustin, TX1ParticipantSep 2021

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions 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

Intellipse
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 CountryUnited States
HQ City
San Francisco, CA
Deal Date18 Oct 2022
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Mutiny Competitors

Mutiny competitors include listed companies like Rezolve AI, Capillary Techs India and SoundHound, and private ones like Scaled Cognition, Cognism and Netic.

Public and private companies comparable to Mutiny
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Rezolve AIUnited KingdomUnited KingdomPublicly listed$47M($109M)$609M2.4x
Scaled CognitionUnited StatesAmesbury, MAPrivate--$750M-
CognismUnited KingdomLondonPrivate$71M-$450M6.3x
NeticUnited StatesSan Francisco, CAPrivate--$450M-
Capillary Techs IndiaIndiaIndiaPublicly listed$77M$13M$421M4.2x
SoundHoundUnited StatesUnited StatesPublicly listed$169M$19M$1.9B7.4x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Baida Group Co$31M$9M13.8x-45.9x-
Rezolve AI$47M($109M)16.0x2.4x(6.9x)(13.0x)
Shenzhen Sunwin$20M($148M)32.6x-(4.3x)-
Hanwang Technology Co$284M($14M)2.1x-(41.7x)-
Beijing Deep Glint Tech$23M($30M)21.7x7.6x(17.1x)(69.8x)
Datasection$213M$27M2.6x2.6x20.7x21.0x
Quadient$1.2B$97M1.1x1.2x13.6x5.3x
Rackspace$2.7B$244M1.4x1.5x15.7x13.5x

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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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