NEW YORK, Dec. 8, 2020 /PRNewswire/ -- Braze, the comprehensive customer engagement platform, today announced a greater than 60% increase in year-over-year revenue in the first nine months of this fiscal year. The company also hired more than 250 new employees, opened two new offices in Chicago and Tokyo, and added more than 300 new customers, including Kickstarter, Papa Murphy's, and Uniqlo USA.
As the ongoing global pandemic forced consumers into a digital-only way of life, direct connections with consumers became essential for brands, fueling unprecedented demand for Braze technology. Braze enables brands to infuse human connection and empathy into their customer engagement strategy, while keeping a real-time pulse on shifting customer preferences and needs.
"This has been the most dynamic year in Braze's nine-year history," said Bill Magnuson, co-founder and CEO of Braze. "In the face of a pandemic, social injustice, an economic downturn, and great uncertainty at the global level, I couldn't be more proud of the way that everyone in the company supported each other and banded together to make this a truly exceptional year for Braze. We will continue building momentum in 2021, as the importance of strengthening relationships between consumers and the brands they love only grows in importance."
"Braze is one of the few companies that truly puts the needs of its customers first, and the impact is clear in its outstanding 2020 results," said Neeraj Agrawal, General Partner at Battery Ventures. "I'm impressed by how Braze's leadership navigated through many uncertainties to have its best year to date. The company strategically continued to invest in employee growth and product to better support their customers during this challenging time."
This year, Braze achieved several milestones including:
Increased year-over-year revenue more than 60% in the first nine months of this fiscal year.
Launched Tech for Black Founders, a joint initiative with several partner companies, that provides free resources and technology to empower Black-founded businesses.
Unveiled several innovative AI and machine learning features including the introduction of Predictive Suite, a lineup of tools that help brands increase retention as well as updated capabilities to its Intelligence Suite.
About Braze Braze is a comprehensive customer engagement platform that powers relevant and memorable experiences between consumers and the brands they love. Context underpins every Braze interaction, helping brands foster human connection with consumers through interactive conversations across channels that deliver value quickly and continuously. The company was named a Leader in Forrester's 2020 Mobile Engagement Automation Wave™ report and was recognized as one of Inc. Magazine's Best Workplaces two years in a row. Braze is headquartered in New York with offices in Chicago, London, San Francisco, Singapore, and Tokyo. Learn more at braze.com.