AI software startup 6sense is valued at $5.2 billion after SoftBank joins funding round

Jan 20 (Reuters) – Artificial intelligence-based software startup 6sense said on Thursday it was valued at $5.2 billion after a late-stage funding round that included SoftBank Vision Fund 2 and Tiger Global in as new investors.

The San Francisco-based company, which helps businesses increase revenue and customer engagement by analyzing sales and marketing data, was last valued at $2.1 billion in March 2021 after a $125 million Series D financing.

Investor interest in these software companies has increased since last year due to the pandemic-driven transition to hybrid working and continued demand for remote productivity services.

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6sense said it raised $200 million in the latest funding round, led by new investors Blue Owl and MSD Partners with participation from Franklin Templeton, Insight Partners, D1 Capital Partners and Sapphire Ventures.

Founded in 2013, the startup’s clients include large enterprises such as Cognizant (CTSH.O), Dell Technologies, Qualtrics International (XM.O) and Baker Hughes Co (BKR.O).

The new fundraising brings the total capital raised by 6sense over its lifetime to $426 million, the company said.

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Reporting by Manya Saini and Sohini Podder in Bengaluru; Edited by Ramakrishnan M.

Our standards: The Thomson Reuters Trust Principles.

Margie D. Carlisle