Segment
San Francisco, California, United States
Acquired For
$3.2B
2020 Revenue
$144M
Customers
21K
Funding
$283.7M
Avg ACV
$6.9K
Team
584
Founded
2011
Segment Revenue, Valuation & Funding (2020)
Segment generated $144M in revenue in 2020.
Segment collects events from your web & mobile apps and provides a complete data toolkit to every team in your company. Acquired by Twilio.
Last updated
Segment Revenue
In 2020, Segment's revenue reached $144M. The company previously reported $96M in 2019. Since its launch in 2011, Segment has shown consistent revenue growth.
| Year | Milestone | Source |
|---|---|---|
| 2020 | Segment Hit $144m revenue in October 2020 | Not recorded |
| 2019 | Segment Hit $96m revenue in April 2019 | Not recorded |
| 2017 | Segment Hit $36m revenue in July 2017 | Not recorded |
| 2013 | Segment Hit $1m revenue in October 2013 | Not recorded |
| 2011 | Launched with $0 revenue |
Segment Valuation, Funding Rounds
Segment reached a $3.2B valuation in 2020.
Segment has raised $283.7M in total funding across 7 rounds, most recently a $175M Series D round in 2019.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2020 | AcquiredExit | - | $3.2B | - | Not recorded |
| 2019 | Series D | $175M | $1.5B | 12% | Not recorded |
| 2017 | Series C | $64M | - | - | Not recorded |
| 2015 | Series B | $27M | - | - | Not recorded |
| 2014 | Series A | $15M | - | - | Not recorded |
| 2013 | Series unknown | $2M | $10.5M | 19% | Not recorded |
| 2013 | Seed | $600K | - | - | Not recorded |
| 2011 | Pre-Seed | $120K | - | - | Not recorded |
Founder / CEO
Peter Reinhardt
CEO
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
| Question | Answer |
|---|---|
| What's your age? | 30 |
Customers
Segment serves 21K customers.
Segment Employees & Team Size
Segment employs approximately 584 people as of 2026, up from 504 in 2019, including 133 sales reps that carry a quota. It serves 21K customers that rely on its solutions.
| Year | Milestone | Source |
|---|---|---|
| 2020 | Reached 584 employees (December 2020) | Not recorded |
| 2020 | Reached 550 employees (October 2020) | Not recorded |
| 2020 | Reached 603 employees (June 2020) | Not recorded |
| 2019 | Reached 504 employees (December 2019) | Not recorded |
| 2019 | Reached 350 employees (April 2019) | Not recorded |
| 2018 | Reached 336 employees (December 2018) | Not recorded |
| 2017 | Reached 175 employees (July 2017) | Not recorded |
| 2015 | Reached 50 employees (October 2015) | Not recorded |
| 2014 | Reached 27 employees (October 2014) | Not recorded |
| 2013 | Reached 10 employees (October 2013) | Not recorded |
Frequently Asked Questions about Segment
Who owns Segment?
Segment is owned by Twillo, which acquired it for $3.2B in 2020.
What is Segment's revenue?
As of 2020, Segment generated $144M in revenue.
Who founded Segment?
Segment was founded by Peter Reinhardt.
When was Segment founded?
Segment was founded in 2011.
How much funding does Segment have?
Segment raised $283.7M across 7 rounds.
How many employees does Segment have?
As of 2020, Segment had 584 employees.
Where is Segment headquartered?
Segment is headquartered in San Francisco, California, United States.
Compare Segment to the industry
Segment operates across multiple industries. Browse revenue, funding, and growth data for Segment in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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