Glassbox raises $40 million for mobile app platform

April 08, 2020 //By Jean-Pierre Joosting
Glassbox raises $40 million for mobile app platform
Glassbox, a startup analytics platform used to optimize user experiences on web and mobile applications, has announced a $40 million Series C funding round led by Brighton Park Capital.

Glassbox's pioneering technology equips enterprises with a new generation of visibility over their digital platforms. Companies are able to receive a complete playback of every digital customer journey, identify vital trends and patterns to optimize the customer experience and maximize efficiency. Founded by Yaron Gueta, Hanan Blumstein and Yoav Schreiber, the company's platform is unique as it captures data both on the server and client side, providing key consumer insights.

As part of the investment, Lisa Hammitt, Global VP of Data & AI at VISA and Special Advisor to Brighton Park, and Zachary Gut, a partner at Brighton Park, will join the board. Existing investors include Updata Partners, Ibex Investors, Gefen Capital and CEIIF bringing the company's total funding to $70 million.

Glassbox reported a record first quarter and 2019, with revenue more than doubling for the third year in a row. Glassbox believes it can maintain the strong momentum this year through helping companies navigate the digital world.

"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," said Yaron Morgenstern, CEO of Glassbox. "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."

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