RudderStack Valuation, Funding & Investors

RudderStack is valued at $553M as of February 2022.

Last RudderStack valuation

$553M

Series B · Feb 2022

Last RudderStack funding round

$56M

Series B · Feb 2022

Cumulative funding RudderStack raised

$82M

across 3 funding rounds

Key investors in RudderStack

  • Kleiner Perkins
  • S28 Capital
  • Insight Partners
  • 468 Capital
  • Augusto Marietti
  • Florian Leibert

RudderStack Overview

About RudderStack

RudderStack is a San Francisco-headquartered customer data platform delivering open-source software for event streaming and data pipelines. Launched in 2020, the platform collects data from sources like websites and mobile apps, routing it to warehouses such as Snowflake and BigQuery while applying real-time transformations via SQL or JavaScript. RudderStack supports over 150 destinations including Amplitude and Segment alternatives, with warehouse-native architecture handling petabyte-scale volumes for enterprise clients like Nextdoor and HubSpot.


Founded

2019

HQ

United StatesSan Francisco, CA

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Valuation

$553M (Feb 2022)

RudderStack Valuation

RudderStack is currently valued at $553M, based on its Series B in February 2022. Read the announcement ↗

The $56M round was led by Insight Partners, with participation from S28 Capital and Kleiner Perkins.

RudderStack valuation by funding round

RudderStack valuation by funding round
DateStageValuation
Feb 2022Series B$553M

RudderStack Funding History

RudderStack has raised a total of $82M across 3 funding rounds.

RudderStack's first fundraising round was a $5M seed round in May 2020. The most recent completed round was a $56M Series B in February 2022.

RudderStack funding rounds

RudderStack funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Feb 2022Series BInsight Partners (lead); S28 Capital; Kleiner Perkins$56M$553MRudderStack is a San Francisco-based open-source customer data platform (CDP) founded in 2019 by Soumyadeb Mitra (CEO) and Shvet Jain (executive chairman, S28 Capital). It enables developers to build warehouse-first data pipelines, collecting customer data from apps, websites, and SaaS tools, routing it to data warehouses and business tools to eliminate silos and support analytics, ML, and marketing. In February 2022, RudderStack raised $56 million in a Series B round led by Insight Partners, with participation from Kleiner Perkins and S28 Capital, bringing total funding to $82 million. The funds aim to accelerate growth, enhance product features, expand go-to-market efforts, and support data engineers in building customer data infrastructure. Praveen Akkiraju from Insight Partners joined the board. Ahead of the round, RudderStack demonstrated strong traction: revenue and customer base grew over 300% in 2021, with over 13,000 applications and sites using the platform and customers including AllBirds, Wealthfront, Crate & Barrel, Sanity, and Loveholidays. The team tripled to 115 people that year to support expansion. The company operates in the growing customer data platform market, projected to reach $5.5 billion by 2028 at a 25% CAGR, driven by digital marketing, IoT, AI, ML, and cloud adoption.
Jun 2021Series AKleiner Perkins (lead)$21M-RudderStack is a San Francisco-based open-source Customer Data Platform (CDP) founded in 2019 that enables data engineers to collect, process, and activate customer data from applications, websites, and SaaS platforms into data warehouses and business tools. The company raised a $21 million Series A funding round on June 10, 2021, matching the approximate date and investor Kleiner Perkins as a key backer in subsequent rounds. This followed a $5 million seed round in May 2020, bringing total funding to $26 million at that point. In February 2022, RudderStack announced a $56 million Series B round led by Insight Partners, with participation from Kleiner Perkins and S28 Capital, increasing total funding to $82 million. The proceeds were earmarked for product development to enhance customer data infrastructure and go-to-market expansion. The company emphasized its unique end-to-end data pipelines optimized for data warehouses to eliminate silos and support advanced analytics and machine learning. RudderStack continues to operate actively as of 2026, focusing on data apps and integrations like with Snowflake.
May 2020SeedS28 Capital (lead); Augusto Marietti; Salil Deshpande; 468 Capital; Florian Leibert$5M-RudderStack raised a $5 million seed round on May 27, 2020, led by S28 Capital, with participation from Salil Deshpande of Uncorrelated Ventures and Florian Leibert through 468 Capital. The company, an open-source customer data platform (CDP) alternative to Segment, also acquired data integration company Blendo in conjunction with the funding. The proceeds were intended to accelerate product development, go-to-market strategy, and expansion to larger enterprises. RudderStack helps businesses consolidate customer data from multiple sources into data warehouses for analytics and insights, addressing challenges in unifying data across organizations. Founded by Soumyadeb Mitra, the platform emphasizes security and developer-friendly tools. At the time, RudderStack had implementations with customers ranging from startups to large enterprises.

Who has invested in RudderStack?

7 investors have backed RudderStack across its funding rounds, including Kleiner Perkins, S28 Capital, Insight Partners, 468 Capital, Augusto Marietti and Florian Leibert.

Lead investors include Insight Partners, Kleiner Perkins and S28 Capital.


RudderStack Investors

Investors in RudderStack by funding rounds participated
InvestorHQRoundsRoleFirst check
S28 CapitalUnited StatesSan Francisco, CA2LeadMay 2020
Kleiner PerkinsUnited StatesMenlo Park, CA2LeadJun 2021
Augusto MariettiUnited StatesSan Francisco, CA1ParticipantMay 2020
Salil DeshpandeUnited StatesSan Francisco, CA1ParticipantMay 2020
468 CapitalGermanyBerlin1ParticipantMay 2020

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RudderStack Competitors

RudderStack competitors include listed companies like Business-intelligence and Teradata, and private ones like Chalk, StarTree, Atlan and MotherDuck.

Public and private companies comparable to RudderStack
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
ChalkUnited StatesSan Francisco, CAPrivate--$500M-
StarTreeUnited StatesSan Francisco, CAPrivate--$426M-
AtlanSingaporeSingaporePrivate$10M-$750M75.0x
MotherDuckUnited StatesUnited StatesPrivate--$400M-
Business-intelligenceChinaChinaPublicly listed$392M$54M$1.7B5.5x
TeradataUnited StatesUnited StatesPublicly listed$1.7B$285M$3.2B1.7x

RudderStack Public Comps

RudderStack is still privately-owned, but its public comps include Plus Alpha Consulting, Happiest Minds Technologies, Latent View Analytics, Claritev, Cognyte Software, e-Hualu, Beijing Join-Cheer, Vista Group, Shanghai Wondertek and Zhongfu Information.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Plus Alpha Consulting$108M$36M4.6x4.0x13.9x9.8x
Happiest Minds Technologies$243M$43M1.8x1.7x10.4x9.5x
Latent View Analytics$111M$27M3.5x3.2x14.3x14.5x
Claritev$965M$466M5.3x5.1x10.9x8.3x
Cognyte Software$400M$21M1.6x1.5x30.7x10.5x
e-Hualu$70M($312M)21.0x-(4.7x)-
Beijing Join-Cheer$389M$11M1.5x-55.2x-
Vista Group$93M$5M4.2x3.8x85.5x20.3x

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Common questions about RudderStack

When was RudderStack founded?RudderStack was founded in 2019.
Where is RudderStack headquartered?RudderStack is headquartered in San Francisco, CA, United States.
Is RudderStack publicly listed?No, RudderStack is a private, VC-backed company.
What is RudderStack's valuation?RudderStack was last valued at $553M in its Series B in February 2022.
How much funding has RudderStack raised?RudderStack has raised $82M across 3 funding rounds.
What was RudderStack's last funding round?RudderStack's last funding round was a $56M Series B in February 2022, led by Insight Partners.
Who are RudderStack's investors?RudderStack's investors include S28 Capital, Kleiner Perkins, Augusto Marietti, Salil Deshpande, 468 Capital, Insight Partners and Florian Leibert.
Which companies are comparable to RudderStack?Companies comparable to RudderStack include Chalk, StarTree, Atlan, MotherDuck, Business-intelligence and Teradata.

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