About Braze
Braze is a company based in New York (United States) founded in 2011 by Mark Ghermezian, Jonathan Hyman, and Bill Magnuson.. Braze has raised $175.45 million across 8 funding rounds from investors including Icon Ventures, Meritech Capital and Spark Capital. The company has 1,700 employees as of January 31, 2024. Braze has completed 2 acquisitions, including Nth Star and Offer Fit. Braze offers products and services including Braze Data Platform, BrazeAI, Journey Orchestration, and Cross-Channel Messaging. Braze operates in a competitive market with competitors including Zeta Global, Capillary Technologies, Gupshup, CleverTap and MoEngage, among others.
- Headquarter New York, United States
- Employees 1700 as on 31 Jan, 2024
- Founders Mark Ghermezian, Jonathan Hyman, Bill Magnuson
- Stage Public
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Braze, Inc.
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Annual Revenue
$593.41 M25.78as on Jan 31, 2024
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Net Profit
$-103.74 M19.68as on Jan 31, 2024
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EBITDA
$-112.04 M18.29as on Jan 31, 2024
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Total Equity Funding
$175.45 M (USD)
in 8 rounds
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Latest Funding Round
$80 M (USD), Series E
Oct 03, 2018
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Investors
Icon Ventures
& 16 more
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Employee Count
1700
as on Jan 31, 2024
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Investments & Acquisitions
Nth Star
& 1 more
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IPO & Listings of Braze
Braze is a publicly listed company on the NASDAQ with ticker symbol BRZE in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Braze
Braze offers a comprehensive portfolio of products and services, including Braze Data Platform, BrazeAI, Journey Orchestration, and Cross-Channel Messaging. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Handles customer data for personalized experiences and first-party relationships.
Uses AI to create on-brand content and optimize marketing strategies.
Orchestrates customer journeys across multiple channels for better engagement.
Enables messaging via email, SMS, and apps for real-time interactions.
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Software Development Team
104 people
Senior Team
101 people
Leadership Team
54 people
Product Management Team
45 people
Manager Team
23 people
Customer Team
21 people
Finance and Accounting
20 people
Principal Team
17 people
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Funding Insights of Braze
Braze has successfully raised a total of $175.45M across 8 strategic funding rounds. The most recent funding activity was a Series E round of $80 million completed in October 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Series E — $80.0M
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First Round
First Round
(23 Nov 2011)
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2018 | Amount | Series E - Braze | Valuation | Meritech | |
| Sep, 2017 | Amount | Series D - Braze | Valuation | Meritech |
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| Aug, 2017 | Amount | Series D - Braze | Valuation | Iconiq Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Braze
Braze has secured backing from 17 investors, including venture fund investors. Prominent investors backing the company include Icon Ventures, Meritech Capital and Spark Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity investments are directed toward US-based companies.
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Founded Year | Domain | Location | |
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Spark Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Sector-agnostic investments in late-stage startups are made by Cross Creek.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Braze
Braze has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Nth Star and Offer Fit. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Cloud-based A/B testing platform for marketing is offered.
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2020 | ||||
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Customer engagement solutions are provided to businesses for improved interactions.
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2018 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Braze
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Braze Comparisons
Competitors of Braze
Braze operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Zeta Global, Capillary Technologies, Gupshup, CleverTap and MoEngage, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Zeta Global is recognized as an AI-powered marketing cloud.
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| domain | founded_year | HQ Location |
AI-powered loyalty management software is offered for enterprises.
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| domain | founded_year | HQ Location |
Tools for customer engagement across multiple channels are provided.
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| domain | founded_year | HQ Location |
Cloud-based customer engagement platform for messaging and analytics is utilized.
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| domain | founded_year | HQ Location |
Cross-channel customer engagement software is delivered through a cloud platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Braze
Frequently Asked Questions about Braze
When was Braze founded?
Braze was founded in 2011.
Where is Braze located?
Braze is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Braze?
Bill Magnuson is the current CEO of Braze. They have also founded this company.
Is Braze a funded company?
Braze is a funded company, having raised a total of $175.45M across 8 funding rounds to date. The company's 1st funding round was a Series D of $50M, raised on Nov 23, 2011.
How many employees does Braze have?
As of Jan 31, 2024, the latest employee count at Braze is 1,700.
What is the annual revenue of Braze?
Annual revenue of Braze is $593.41M as on Jan 31, 2024.
What does Braze do?
Braze was founded in 2011 in New York, United States, focusing on the customer engagement sector. AI-driven tools are offered to enable personalization across channels, optimization of user journeys, marketing automation, AB testing, and mobile interactions. Operations support businesses in connecting with customers via appropriate channels and devices, with headquarters in the US facilitating global reach.
Who are the top competitors of Braze?
Braze's top competitors include Zeta Global, Capillary Technologies and MoEngage.
What products or services does Braze offer?
Braze offers Braze Data Platform, BrazeAI, Journey Orchestration, and Cross-Channel Messaging.
Is Braze publicly traded?
Yes, Braze is publicly traded on NASDAQ under the ticker symbol BRZE.
How many acquisitions has Braze made?
Who are Braze's investors?
Braze has 17 investors. Key investors include Icon Ventures, Meritech Capital, Spark Capital, Cross Creek, and Sapphire Ventures.
What is Braze's ticker symbol?
The ticker symbol of Braze is BRZE on NASDAQ.
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