"At Notion, we are doubling down on online acquisition channels as we rapidly grow. Mutiny's AI learns from this activity to understand what works for different audiences and makes impactful changes for its customers. In fact, fifty million people have seen a website personalized by Mutiny. Some of the world's fastest growing companies such as Notion, Snowflake, Qualtrics, Dropbox, Carta, and Brex use Mutiny to convert their visitors into customers. "We're thrilled to welcome our new investors, whose funding will enable us to accelerate our roadmap and invest heavily in technology that we believe can help every company grow revenue faster." "Growing revenue from digital channels has quickly become a board-level concern for private and public companies," said Jaleh Rezaei, CEO and co-founder of Mutiny. Mutiny automates a company's growth engineering efforts, so that every company can turn their marketing spend into revenue - without hiring engineers or data scientists. Mutiny solves this problem with a no-code platform that plugs into the company's existing data and website, and uses AI to serve thousands of different versions of the site to different users. They hire massive engineering and data science teams to manually optimize the buyer experience and use the company's wealth of data to speak directly to each buyer and convert them. Large tech companies try to fix this poor performance using two expensive resources: people and data. The round also includes current and former CMOs from world-class companies like Uber, Visa, Salesforce, Square, Figma, Condé Nast, Carta, Snowflake, and Atlassian, who see in Mutiny a new and massive opportunity to change the way companies grow revenue.Ĭompanies spend billions of dollars to acquire customers online, yet $19 out of every $20 they spend is wasted. Type 2 diabetes costs the US healthcare system around $300B a year, according to the CDC.SAN FRANCISCO, April 20, 2022 /PRNewswire/ - Mutiny today announced a $50 million Series B funding round co-led by Tiger Global and Insight Partners with participation from prior investors Sequoia Capital, Cowboy Ventures, and Uncork Capital. The US alone has spent over $2T on treating diabetes in the last decade. Companies and governments around the world have invested significantly on treatment of diabetes.The Covid-19 pandemic combined with increasing cases of chronic diseases like diabetes, obesity, Alzheimer’s, and cardiovascular disorders have increased adoption of digital tools and fueled technological advancements in healthcare.The global digital health market is projected to grow at a CAGR of 28.5% to reach a value of $640B by 2026, according to Statista.Source: Virta Health Why does the market matter? This round follows a $65M Series D raise in December 2020, which valued the company at $1.1B.Virta Health’s client base includes approximately 100 large companies, health plan providers, and government organizations across the US, like Purdue University, US Foods, Nielsen, and Activision-Blizzard.The company says that 94% of Virta patients eliminated or decreased insulin usage after a year. California-based Virta Health develops a treatment program that combines a personalized ketogenic diet with coaching and remote monitoring to address type 2 diabetes.Virta Health, a telehealth platform that helps users reverse type 2 diabetes, has raised $133M in a Series E round led by Tiger Global Management, valuing the company at $2B. Here are the top-line bullets you need to know. Virta Health has nearly doubled its valuation to $2B in 5 months.
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