Windfall Data, a provider of people intelligence and AI-workflow solutions, announced that it closed a $65 million Series B funding round led by the investment funds managed by Morgan Stanley Expansion Capital. This funding will advance Windfall’s overall acceleration as a market leader, enabling additional product development and sales growth investments. Windfall has now raised $100+ million in external funding since its founding in 2016.
Windfall was launched in 2016 to help go-to-market teams leverage accurate people intelligence and AI solutions. Windfall’s unique data asset, software, and AI applications, and innovative business model enable 1,000+ organizations with actionable insights.
In the past several years, Windfall made substantial investments in its SaaS and Predictive & GenAI solutions across many verticals, including, but not limited to, financial services, nonprofits, travel, hospitality, retail, and professional sports organizations.
Windfall maintains a data asset to enable downstream AI solutions. It also delivers predictive AI modeling and generative AI solutions that accelerate data-driven decisions and workflows. Organizations can use its SaaS application and insights to activate data in multiple systems and channels.
Windfall’s customers also integrate through their systems of record, such as Salesforce, Microsoft Dynamics, Snowflake, Blackbaud, etc. The company enables automated enrichment services, predictive or machine learning modeling solutions, and AI-based audiences for paid media. For go-to-market teams, Windfall’s SaaS application enables the discovery of key segments, AI-based recommended personas, and workflow automation.
Windfall is used by leading organizations, such as Wheels Up, CAPTRUST, the University of Michigan, and Make-A-Wish America.
KEY QUOTES:
“We are thrilled to secure this investment from Morgan Stanley Expansion Capital. From our first meeting with the team, it was clear that they understood the importance of proprietary data, including our impressive net worth and investable assets data. Especially as AI and AI solutions continue to proliferate exponentially, the importance of quality and fresh data will be one of the most important ingredients and differentiations.”
Arup Banerjee, Co-founder and CEO of Windfall
“Data is a critical component of go-to-market operations and AI solutions. Whether it’s sales, fundraising, marketing, or account management, we believe that accurate and up-to-date data & AI is absolutely necessary for businesses to succeed. We are thrilled to support Windfall and their team as they embark on the next phase of their expansion and growth.”
Pete Chung, Head of Morgan Stanley Expansion Capital
“We believe Windfall’s differentiated dataset and AI-workflow solutions set the company apart. It’s clear to us that they are a thought leader that will be mission critical for successful data-driven organizations and are quickly gaining traction across a variety of different verticals.”
Steve Cao, Executive Director at Morgan Stanley Expansion Capital
“We’re excited to partner with Morgan Stanley Expansion Capital during the current wave of AI. We believe Windfall will transform how go-to-market teams operate with accurate data and AI workflows.”
Dan Stevens, Co-founder and COO of Windfall
