Pimcore Closes $12M Series B Deal led by Nordwind Growth to globally expand enterprise open-source data and experience management platform. The Austria-based software company will leverage funding to disrupt traditional licensing business models with a powerful enterprise open-source alternative to legacy vendors.
The funding was led by German tech growth fund Nordwind Growth, the investment will support the Austrian tech company's global expansion, the commercialisation of the open-source platform and continued development of disruptive data and experience management capabilities for enterprises.
"We have identified an incredible need for more flexible and connected data solutions for global enterprises, and we strongly believe that control over intellectual property and software belongs in the hands of our customers and partners. That's why we have developed our technology to be completely free of any license costs," says Dietmar Rietsch, CEO of Pimcore.
"Our open-source model is unprecedented among product data management and experience management vendors, and we are excited to use this funding to supercharge those capabilities for enterprises around the world."