Qrvey, an AWS-native analytics platform built for the embedded analytics needs of SaaS application providers, has secured a follow-on investment of $8.5 million from its existing investors. The investment is meant to scale the company’s sales, marketing and customer experience operations. This follows the $7.5 million Series A which the company announced last year.
“We had phenomenal performance in 2020, registering an average quarter over quarter Annual Recurring Revenue growth rate north of 40%,” said Ben Mathew, Chief Revenue Officer at Qrvey. “The wave caused by the confluence of the need for modern embedded analytics, coupled with a generational shift away from legacy players in our space was very good for us. We will continue to deliver a superior ROI to our customers and offer them the ability to leverage unconventional analytics, thereby gaining an unfair competitive advantage in their respective markets.”
Qrvey previously raised $11 million bringing the total raised to $19.5 million.
“We created Qrvey to address the unique analytics needs of SaaS applications, and we are pleased to see the market continuing to reward us for our approach,” said Arman Eshraghi, founding CEO at Qrvey and analytics industry veteran. “Our cloud-native, serverless, all-in-one platform moves beyond just visualizations to support the entire analytics pipeline, allowing organizations to collect, visualize, analyze and automate any kind of data, from any source. The way we are able to do this in a no-code fashion is distinguishing us from existing players in the analytics space that are ill-equipped for the needs of today’s SaaS application providers.”