SimilarWeb, the Leader in Digital Market Intelligence, Secures $47 Million in New Funding

SimilarWeb, the leading digital market intelligence organization, today declared that it has brought $47M up in growth value funding. With this investment, SimilarWeb expanded its aggregate funding to date to $112M and has developed into one of the quickest growing SaaS companies on the planet. The round was driven by Viola Growth, a leading growth value financial specialist in Israel, in a joint effort with Saban Ventures. Extra taking an interest financial experts included CE Ventures, among others.

The greater part of the Fortune 100 depend on SimilarWeb's market intelligence arrangements, which offer industry-leading experiences for more than 80 million sites and three million applications crosswise over more than 190 nations. SimilarWeb is a great client incorporate CMOS, digital marketers, financial specialists, system experts and business examiners at the world's leading brands, organizations, and counseling firms. SimilarWeb arrangements are utilized to illuminate business technique, assemble client procurement designs, increment changes, and hold customers.

In a domain where market disturbance builds a rivalry between brands, industry veterans are dislodged by digital-first newcomers, and new classifications are made day by day, organizations are progressively depending on market intelligence answers for benchmark inward information with regards to the market scene. Market intelligence gives essential experiences on contenders, industry, and gathering of people that empower companies to benefit from market opportunity and increment market infiltration.

"The digital market intelligence space keeps on developing exponentially, and is progressively disturbing the $68 billion market inquire about industry also," said Or Offer, CEO of SimilarWeb. "SimilarWeb has risen as the business standard in market intelligence, reclassifying the route companies over the range evaluate and boost their market share. We are in a stable money related position – multiplying income in recent months – and with this investment will keep on meeting the expanding request we see for our answers from brands and offices around the globe."

SimilarWeb will use the investment to expand on its fast achievement and: 

Drive Global Expansion: Grow its group in San Francisco, New York, London, Tokyo and Tel Aviv, and also open new universal workplaces to better help and associate with clients around the world

Work Next Generation Solutions: Expand current offerings with exceedingly tweaked and incorporated items that give clients the most noteworthy and granular bits of knowledge

Build up Consulting Services: Invest in its group of vital experts to enable clients to expand ROI and tackle their most complex business challenges

Put resources into Data Coverage: Extend its lead as the most noteworthy quality and most complete wellspring of digital market intelligence crosswise over stages

"We're eager to lead the round and bolster SimilarWeb's growth towards additionally setting up its quality as worldwide pioneer in the market intelligence industry," said Harel Beit-On, Founder and General Partner of Viola Growth. "SimilarWeb engages the absolute most prominent global brands to better comprehend, develop, and track their digital market share, powering the quick selection of SimilarWeb's stage all inclusive. With their demonstrated technology, fantastic group and a comprehensive rundown of clients, the organization is all around situated for quickened growth and mass market entrance."

As a significant aspect of the round, SimilarWeb likewise declared that Bill Macaitis, previous CMO of Slack and Zendesk, joins as an individual from SimilarWeb's counseling board. Bill will share go-to-market learning and best practices for hyper-growth and client achievement in light of his experience as a senior official at three of the world's five quickest developing SaaS companies – Slack, Zendesk, and Salesforce.

About SimilarWeb 

SimilarWeb is the standard for understanding the digital world. With the biggest worldwide online board comprising of a huge number of gadgets, SimilarWeb gives granular bits of knowledge about any site or application crosswise over enterprises. Global brands, for example, Unilever, HSBC, eBay, and Adidas put stock in SimilarWeb to benchmark against their industry, uncover rivals' systems, find new open doors, and develop their customer bits of knowledge. SimilarWeb has 350 workers crosswise over eight worldwide workplaces and has been named one of JMP Securities Hot 100 Best Privately Held Software Companies and one of Business Insider's 50 Enterprise Startups to wager your profession on.

About Viola Growth 

Established in 2008, Viola Growth gives a chance to growth arrange companies to raise the capital they have to create and extend. Viola Private Equity concentrates on esteem creation in its portfolio companies and uses its solid administration group to quicken the growth of these enterprises. By giving direct capital investment, joined with solid authority bolster, it drives portfolio companies forward, transforming perceived companies into worldwide technology pioneers. The Viola Private Equity group has tremendous involvement in working with administration groups to assemble natural and non-natural growth designs, scale operations, fortify government groups and plan to make business associations with worldwide pioneers. Viola Private Equity is an individual from the Viola Group, Israel's head technology-centered Private Equity bunch with over $2B under administration. For more data visit: www.viola-group.com.

About Saban Ventures 

Saban Ventures distinguishes, puts resources into and accomplices with the most promising technology companies, in stages that range from present seed on growth. The fund concentrates on SaaS (Software as a Service), digital media and technology empowered services. SV is a member of the Los Angeles based Saban Capital Group (SCG), a leading private investment firm. SCG works in the worldwide media, diversion, and correspondence ventures.

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