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Pendo raises $100M in series E funding

Pendo.io Inc. raised $100 million in series E funding, bringing the company's valuation to $1 billion.

The round was led by Sapphire Ventures LLC. New investors General Atlantic Service Co. LP and Tiger Global Management LLC, as well as existing investors Battery Ventures, MeriTech Capital Partners, FirstMark Capital LLC, Geodesic Capital and Cross Creek Advisors LLC, also participated.

The company has now raised $206 million.

Pendo is a product cloud company that helps businesses understand product usage, collect client feedback and measure sentiment.