News Summary

MoEngage, a customer engagement platform, has raised $100 million in a Series F round led by Goldman Sachs Alternatives, aiming to enhance its global presence and integrate more AI capabilities into its platform. The funding round also saw the participation of Indian venture firm A91 Partners. MoEngage, which assists consumer brands in leveraging first-party data for personalized marketing, plans to expand its workforce and deepen its presence in North America and Europe. The company’s AI suite, Merlin, aids in automating marketing decisions and has attracted numerous clients, including SoundCloud and McAfee. MoEngage aims for a 35% compound annual growth rate over the next three years and intends to become IPO-ready in the near future.