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Crescendo raised $50 million in a Series C round led by General Catalyst to disrupt the $741 billion global contact center market.

Oct 03, 202410 months ago

Amount Raised

$50 Million

Round Type

series c

San FranciscoInformation Technology

Investors

Strategic AngelsAloricaCelesta CapitalGeneral Catalyst

Description

Crescendo, an AI-driven customer experience platform, has secured $50 million in a Series C funding round. The investment, led by General Catalyst, brings the company's post-funding valuation to $550 million and aims to enhance competition in the contact center industry.

Company Information

Company

Crescendo

Location

San Francisco, California, United States

About

Crescendo is the creator of the first augmented-AI customer experience (CX) platform, which delivers unrivaled accuracy and quality using humans-in-the-loop. The company has already scaled its operations to six continents by acquiring PartnerHero, a leading customer operations outsourcing provider.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech