Today we announced $100M in new financing, valuing Amperity at more than a billion dollars. Previous rounds of fundraising were noteworthy, but this one feels different. There is something incredible happening at our company right now — a heady blend of people, customers, and an unmet market need building such powerful momentum that it’s hard to put into words. With this fresh capital, we’ve been given the opportunity to take bolder strides toward the future we have long envisioned.
The core idea for Amperity started with a deep desire to solve a challenge that had stumped consumer businesses for decades: knowing the customer. When my co-founder Derek and I first started interviewing consumer brand leaders in 2016 to find out more about this problem, we were struck by their commitment and passion when it came to serving their customers. The challenge was, the tools did not exist that would allow them to unleash their creative energy and create the experiences that they knew would delight consumers and move the business metrics that matter. The data they needed to develop consumer insight was gathering dust in silos spread across the company, creating tremendous frustration both for them and their consumers.
Recognizing this problem and the complex technical issues surrounding it was the beginning of our journey. Those first few years of big, gnarly invention were fraught with obstacles, but the unmatched commitment of this team pulled us through. The talent and persistence of the people of Amperity not only allowed us to build a unique technology, it served as the cultural foundation for the hundreds of people that have since worked to build Amperity, brick by digital brick. The flywheel of invention is alive and well here, with six issued patents and several more in the pipeline. Our incredible community of Ampers continues to advance our core technology, develop rich tooling around it, and ensure that we can bring it to life for customers quickly, efficiently, and in a way that solves real business challenges, today. These are the smartest, most dedicated, most authentic people I’ve ever known, and I’m honored to work alongside them. Building Amperity with all of you is a gift beyond words.
I’m profoundly thankful to our community of customers, including our earliest customers and the 100+ other great brands that have joined them since. Their acknowledgment of the data problem and their audacity in stepping up to solve it is a testament to their vision and leadership. We’re constantly inspired by their commitment to continued innovation for consumers, and we are humbled by the trust they put in our partnership. This partnership and our continuous innovation together is the fuel that makes Amperity run. I could not be more excited to have even more resources and scale to put to work in service of our customers.