Data Analytics startup Glassbox secured $40M in the Series C Funding Round

Glassbox, a UK based analytics platform, has now secured $40 million in Series C round of funding.

The round, which brought the total funding to $70 million, was backed by the Brighton Park Capital along with the participation from some of the existing investors which include the Gefen Capital, UpdataPartners, CEIF, and Ibex Investors, notes the announcement.

GlassBox helps organizations to manage and optimize the digital lifecycle of their mobile and web customers. With the help of behavioural analytics, record replay capabilities and unparallel big data, GlassBox can assess why and what parts of customers' online activities.

Executive Opinion

Yaron Morgenstern, CEO of Glassbox, said, "Even in these extremely difficult times, digital traffic is surging, and companies are focused on how to communicate with new and existing customers digitally. Our technology helps the most sophisticated companies in the world map, protect and grow their digital assets. The Glassbox platform bridges the gap between traditional APM and front-end marketing solutions with thousands of users across different departments using our technology. We are on a mission to help great companies achieve excellent digital outcomes, and our investors' confidence in us at this moment in time is inspiring."

Zach Gut at Brighton Capital, said, "Glassbox stood out as the best product in an important, growing market. The company's approach enables businesses to seamlessly enhance their capabilities and remain competitive in a rapidly evolving world defined by digitization. We are thrilled to be partnering with Glassbox's talented team and join them on their exciting journey."

Glassbox's Latest Funding Round

Glassbox intends to use newly raised funds to expand across the globe. The company will also invest further in developing and enhancing its products, notes the announcement.

As a part of the funding round, Zachary Gut, a partner at Brighton Park and Lisa Hammitt, the Global Vice President of Data & AI at Visa, will join the board of Directors.

Glassbox is already working with some of the leading organizations across a wide range of industries, including a number of Fortune 500 companies and has its offices located in Tel Aviv and New York.