Colorado-Springs startup Quantum Metrics, a maker of enterprise software for real-time business intelligence analytics, announced that it has raised a $25 million Series A. The funding was led by New York-based private equity and venture capital firm Insight Venture Partners.
The seven-year-old company has a diverse clientele including eHarmony, Cole Haan, Neiman Marcus, Western Union, and 1-800 Contacts. The round brings the startup's total funding to $26 million. Quantum Metrics said that it will use the investment to increase headcount to support product development, sales, and marketing.
Quantum Metric's platform gives cross-functional teams real-time insights to identify data that can maximize the business impact of web and native apps.
"This substantial Series A funding helps reaffirm our position as a leader in the next generation of digital experience technologies and will allow us to further expand our platform's capabilities," Mario Ciabarra, founder and CEO, said in a statement.
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