Urban Airship Lands $25 Million to Further Accelerate Global Growth of its Rapidly Expanding Customer Engagement Platform

New funding led by Foundry Group comes on heels of financial breakeven and groundbreaking new products to power precisely coordinated real-time customer interaction across all marketing channels

 

PORTLAND, Ore., June 21, 2018 (GLOBE NEWSWIRE) -- Digital growth company Urban Airship today announced that it raised $25 million in Series F funding led by Foundry Group. In addition to Foundry, current investors True Ventures, August Capital, Intel Capital, Verizon Ventures, QuestMark Partners and Franklin Park Associates all participated in the round. Already operating at financial break-even, Urban Airship will use the new funds to accelerate global sales, marketing, customer success and product innovation - integrating new customer engagement channels while extending its growth into new industries and markets.

Today, Urban Airship also revealed it has now delivered more than two trillion messages - showing its rapid growth and scale by doubling its message volume in just the past year. Urban Airship's new Digital Growth Platform enables businesses to tightly target and coordinate messages sent across any channel - apps, websites, mobile wallets, email, SMS and more. Marketers can use Urban Airship's native channels for outreach, or integrate any of their existing systems, databases or analytic tools - resulting in intelligent and coordinated customer interactions. The company's flexible Open Channels API makes it easy for companies to add virtually any new channel as their needs evolve.

"Digital channels are proliferating at an astonishing pace -- from yesterday's wearables to this year's voice assistants and next year's driverless cars," said Brett Caine, CEO and president, Urban Airship. "Our open platform enables businesses to set new standards for customer experience by delivering the right information at the right time to any channel--including channels that haven't even been invented yet. We infuse your existing martech stack with real time data and event-based triggers, giving the marketer more visibility, capability and flexibility than they've ever had before."

Urban Airship's data solutions, which allow marketers to analyze and act upon real-time customer behavior, is growing annual recurring revenue at 2.5X year-over-year - with a two-fold increase in the number of customers adopting them in the last year alone. In addition, the company's new predictive AI and intelligent orchestration use this unique data to reduce churn and ensure the right message is delivered through the best channel at the optimal time for each customer.