Sensor Tower has raised $45 million from Riverwood Capital for its business of providing market intelligence for mobile apps. The companies said the strategic partnership marks a new phase in Sensor Tower’s operations: developing an analytics platform that delivers the industry’s most accurate data on the mobile ecosystem.
San Francisco-based Sensor Tower previously raised a total of $1 million in seed investment and has been profitable since its founding in 2013. Sensor Tower saw record annual recurring revenue (ARR) in 2019, with 65% growth year-over-year. The company did not disclose the actual figure.
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