Braze (formerly Appboy), the leading global customer engagement platform that delivers personalized messaging experiences across push, email, apps, and more, today announced an $80 million Series E round of funding led by Meritech Capital Partners, a venture capital company with investments in leading technology brands such as Facebook, MuleSoft, and Salesforce. This latest infusion of capital brings Braze to $130 million raised in just over a year, and has more than doubled its valuation to $850 million from Series D in 2017.

Since the beginning of 2017, Braze more than tripled its annual recurring revenue, increased monthly email volume by 600%, and opened a Singapore office marking its official entry into the APAC market. In this round, the company also received backing from Spark Capital, a venture capital firm invested in Oculus, Postmates, and Slack, as well as backing from Cross Creek. Leads from the prior two funding rounds, Battery and ICONIQ, also participated.

"In an industry where consumer demands are evolving at an unprecedented rate, Braze is a critical component of the customer experience we're able to deliver at Overstock," said JP Knab, Chief Marketing Officer at Overstock. "Data agility and advanced intelligence made possible by Braze allow us to further unlock the power of data and drive personalized, coherent conversations with our customers at the right time."