Enterprise IT Startup Riversand Technologies Closes $35 Million
Riversand Technologies announced it has raised $35 million in Series A financing. Two investors contributed to the round, including Crestline Investors.
Riversand is a Master Data Management (MDM) visionary and a Product Information Management (PIM) leader. Riversand serves leading global enterprises in retail, manufacturing, distribution, energy, healthcare, and food services. Riversand’s products help clients enhance their customers’ experience, and move products faster to the market. The company was founded in 2001 and is headquartered in Houston, Texas.
According to the company, it will use this capital infusion to strengthen its foundation in core verticals, accelerate growth in targeted geographies, and enter new markets through product innovation, sales and marketing.