News Summary

MoEngage, a prominent customer engagement platform with a global footprint, has successfully raised an additional $180 million in a Series F follow-on round. This comes just over a month after securing $100 million, solidifying its valuation at over $900 million. The latest funding round was primarily secondary, with $123 million used to provide liquidity to investors and employees. The startup plans to utilize the fresh capital to enhance its Merlin AI suite, broaden its AI-driven offerings, and pursue strategic acquisitions in the U.S. and Europe. MoEngage aims to expand its market presence by integrating its analytics and messaging tools for product and engineering teams. The company, which earns 30% of its revenue from North America, is also targeting EBITDA positivity this quarter, with a strategic vision to go public within a few years.