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RudderStack raises $5M seed round for its open-source Segment competitor

RudderStack raises $5M seed round for its open-source Segment competitor
https://rudderstack.com/]RudderStack, a startup that offers an open-source alternative to customer data management platforms like Segment, today announced that it has raised a $5 million seed round led by S28 Capital. Salil Deshpande of https://uncorrelated.com/]Uncorrelated Ventures and Mesosphere/D2iQ co-founder Florian Leibert (through 468 Capital) also participated in this round.
In addition, the company also today announced that it has acquired https://www.blendo.co/]Blendo, an integration platform that helps businesses transform and move data from their data sources to databases.
Like its larger competitors, https://crunchbase.com/organization/rudderstack]RudderStack helps businesses consolidate all of their customer data, which is now typically generated and managed in multiple places – and then extract value from this more holistic view. The company was founded by Soumyadeb Mitra, who has a Ph.D. in database systems and worked on similar problems previously when he was at https://www.8×8.com/]8×8 after his previous startup, MairinaIQ, https://investors.8×8.com/press-releases/press-release-details/2018/8×8-Acquires-MarianaIQ-to-Strengthen-AI-Capabilities-for-Enterprise-Communications/default.aspx]was acquired by that company.
https://techcrunch.com/wp-content/uploads/2020/05/Annotation-2020-05-27-090416.jpg]

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