Pendo News
6 articles
Web App Development Startup Pendo Raises $100 Million
Web application development startup Pendo.io Inc. has raised a $100 million series E round according to a $1 million valuation. The funding brings the companys total funding to date to $206 million. The round was led by Sapphire Ventures, with participation from new investors General Atlantic and Tiger Global and existing investors Battery Ventures, Meritech Capital, FirstMark, Geodesic Capital, and Cross Creek. Pendo.io develops cloud-based user data analysis tools and first entered Israel in 2017 when it acquired mobile engagement company Insert Mobile Technologies Ltd.
Acquisition
Pendo Acquires Product Feedback Innovator Receptive
Pendo, the product cloud company, has acquired Receptive Software Limited, a SaaS company based in Sheffield, U.K. The acquisition allows Pendo to offer a complete integrated platform for product-led organizations. Pendo will expand Receptives U.K. headquarters and designate it as its European development center. Receptive will initially operate as a separate line of business, and both Pendo and Receptive products will be offered as part of standalone and integrated packages. The financial terms of the acquisition were not disclosed.
Acquisition
Pendo Names Former Intuit Executive as R&D Site Leader in Israel - Pendo Blog
Pendo, a U.S.-based software company, has announced Micky Csasznik-Shaked as the site leader and vice president of engineering in their Herzliya office in Israel. Csasznik-Shaked, a former Intuit executive, will lead Pendos development center and engineering team in Israel. The company aims to grow its presence in Israel with Csasznik-Shakeds leadership. Pendo offers a product experience platform that provides user insight, guidance, and communication to digital product teams. The companys Israeli R&D center was established in 2017 with the acquisition of Insert.io. Csasznik-Shaked is known for his advocacy of technology literacy and entrepreneurship in Israel.
Management Changes
Web App Development Startup Pendo to Triple Number of Employees in Israel
Pendo.io Inc., a web application development startup, plans to triple the number of employees in its Israeli research and development center. The company currently has 32 workers in Israel and aims to employ up to 100 people. Pendo is setting up new offices in Herzliya to accommodate the growing workforce. Founded in 2013, Pendo develops cloud-based user data analysis tools. In September, the company raised $50 million in a funding round led by Sapphire Ventures, bringing its total funding raised to $106 million. Pendo entered Israel in 2017 through the acquisition of mobile engagement company Insert Mobile Technologies Ltd.
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Pendo Named a Cool Vendor by Gartner for 2018
Pendo has been named a Cool Vendor by Gartner Inc. in its report on Application Development. The report highlights the importance of tools that support flexible application development practices and the use of user experience data and feature utilization data. Pendos CEO believes that this recognition validates the importance of the product cloud for digital products and data-driven product teams. Pendo has recently raised $50 million in a Series D funding round and has been included in Forbes Cloud 100 and Next Billion-Dollar Startups lists. The company has also announced record third-quarter results and continued growth and momentum.
Investment
Pendo acquires Insert to add mobile apps to its user analytics and engagement platform
Pendo, a customer analytics and assistance company, has made its first acquisition by buying Insert, a mobile marketing startup. The acquisition will allow Pendo to expand its platform to engage with customers and improve products across devices without developer assistance. The financial terms of the acquisition were not disclosed. Pendo recently raised $25 million in a Series C funding round, which will partly fund acquisitions and international expansion. The combined companies now have a headcount of 145 employees. Inserts Tel Aviv office will become Pendos first international location.
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