The customer data technology provider has secured funding in a series D round co-led by existing backer GV at a $1.5bn valuation.

GV, the corporate venturing subsidiary of internet and technology group Alphabet that was formerly known as Google Ventures, co-led a $175m series D round for US-based customer data software provider Segment yesterday.

The round was co-led by venture capital firm Accel and private equity firm Meritech Capital, and included Thrive Capital, Y Combinator Continuity, Sapphire Ventures and eVentures. It valued Segment at $1.5bn, a person familiar with the matter told Bloomberg.

Segment has created a software platform that enables businesses…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.