Pendo Raises $150M in Series F Funding
- Pendo, a Raleigh, NC-based platform that accelerates product adoption, raised $150m in Series F funding
- The round, which brought total funding raised to date to $356m and its valuation to $2.6 billion, was led by B Capital Group
- The company intends to use the funds to accelerate global expansion, strategic acquisitions and continued innovation in the platform
- The company provides a solution for companies to bridge the gap between how users expect software to work and their experience actually using it
- It helps product and IT teams drive adoption of the software they build for customers or provide to internal employees
- The company also announced it has surpassed $100 million in annual recurring revenue
