Philadelphia-based software company Piano recently raised $120 million in financing, funds the company said it will use to optimize its platform, expand its market presence, and support strategic growth initiatives.
Piano offers an end-to-end platform that leverages artificial intelligence, data, and commerce features to help brands and publishers achieve revenue growth while enabling teams to launch relevant audience experiences.
Runway Growth Capital LLC, an investment adviser to investment funds, led the investment round with a $75 million senior secured term loan facility.
“This financing from Runway Growth Capital provides us with the resources to further enhance our platform and accelerate our growth strategy,” Trevor Kaufman, Piano CEO, said. “We appreciate Runway’s confidence in our vision and look forward to advancing our mission to empower businesses with the tools they need to understand and influence customer behavior.”
Washington, D.C.,-based Updata Partners, a growth equity firm focused on technology, also made a Series D investment of $45 million.
Organizations such as Deloitte, Red Herring, and the World Economic Forum have recognized Piano as one of the fastest-growing, innovative technology companies worldwide. The company operates globally with its U.S.-headquarters in Philadelphia and more than 15 offices worldwide. It serves clients on six continents.