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Segment revenue hit $144 million in 2023

Segment valuation more than $3.2 billion

Segment team size is 584 employees


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Segment

100 San Francisco, California, United States

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How Segment hit $144M Revenue with 21K customers in 2023.

Segment collects events from your web & mobile apps and provides a complete data toolkit to every team in your company. Acquired by Twilio.

Founded

2011

Founded

Revenue

$144M

2022 Revenue

YOY
-----

YOY

Funding

$283.7M

Funding


Segment Revenue

In 2022, Segment revenue run rate hit $144M in revenue.

  • 2020

    Segment hit $144M in revenue in 2020

  • 2019

    Segment hit $96M in revenue in 2019

  • 2017

    Segment hit $36M in revenue in 2017

  • 2013

    Segment hit $1M in revenue in 2013

  • 2011

    Segment launched in 2011 with $0 revenue

3500.00% ▲167.00% ▲50.00% ▲$1M$36M$96M$144M

Segment Funding History

  • 2019 Acquired

    Segment raised a Acquired of $175M at a $1.5B valuation in April 2019

  • 2017 Series C

    Segment raised a Series C of $64M

  • 2015 Series B

    Segment raised a Series B of $27M

  • 2014 Series A

    Segment raised a Series A of $15M

  • 2013 Acquired

    Segment raised a Acquired of $2M at a $10.5M valuation in October 2013

  • 2013 Seed Round

    Segment raised a Seed Round of $600K

  • 2011 Pre Seed Round

    Segment raised a Pre Seed Round of $120K

FUNDING DATEROUNDAMOUNTVALUATION
04/02/2019 Acquired $175M $1.5B
07/16/2017 Series C $64M
10/09/2015 Series B $27M
10/01/2014 Series A $15M
10/01/2013 Acquired $2M $10.5M
01/15/2013 Seed Round $600K
09/01/2011 Pre Seed Round $120K

Team

Segment has 584 total employees and 133 sales reps that carry a quota. They have 21000 customers an engineering team of 144 and a marketing team of 43

2013201420152017201820192020170▲85▲250▲92▲4▲72▲
DISTRIBUTIONQTY
Total team size
584
Engineer
144(25%)
Sales
133(23%)
Marketing
43(7%)

CEO/Founder

Peter Reinhardt

Segment's co-founder and CEO; He studied Aerospace Engineering at MIT and fell into the world of customer data and analysis when he and three of his college friends started Segment in 2011 as part of Y Combinator. He and his wife Erika, who he met at MIT, live together in San Francisco.

Q&A

What`s your age?

27

Favorite online tool?

Pocket

Favorite book?

Crucial Conversation

Favorite CEO?

Jeff Bezos

Advice for 20 year old self

Practice writing.


Customers

Segment has 21K customers.

Lifetime Months

100

x

Monthly ARPU

$2K

=

Lifetime Dollar

$200K

Acquisition Cost

-

Average Annual Price

$24K

$0$24K024681012
$0$24K024681012

Churn

Segment has an annual churn rate of 12.00%.

-100-500%50100

Gross Annual Dollar Churn

-12.00%

Annual Dollar Expansion

0.00%

Net Revenue Retention

88.00%


About Segment

Monthly Revenue

$12M

-

Total Expenses

$0.0

=

Net Income

$0.0

EBIDTA Margin

0.0%

+

YOY Growth

50.00%

=

Rule of 40

50


Segment Board of Directors

NamePosition

Segment Executives

NamePosition
Peter Reinhardt CEO

Segment Employees

NamePosition
Peter Reinhardt CEO

Frequently Asked Questions about Segment

When was Segment founded?

Segment was founded in 2011.

How much revenue does Segment generate?

Segment generates $144M in revenue.

Who is the CEO of Segment?

The CEO of Segment is Peter Reinhardt.

How much funding does Segment have?

Segment raised $283.7M.

How many employees does Segment have?

Segment has 584 employees.

Where is Segment headquarters?

Segment is headquartered in United States