Wednesday, September 24, 2014
Qualtrics Finds $150M, Joins $1 Billion Valuation Club
Provo, Utah-based Qualtrics, the developer of data collection and market research tools led by Ryan Smith, has scored a huge, $150M Series B funding round, the company said this morning. The new funding was led by Insight Venture Partners, and also included Accel Partners and Sequoia Capital. The new funding brings the company's total raised to $220M. The company said the new funding brings the company's valuation to over $1 billion. The company's new funding is part of a rash of giant fundings in Utah in the last year, including another huge, $125M funding round for Domo earlier this year, and the $135M funding last month of Salt Lake City-based Pluralsight.