On August 8, 2022, CleverTap, a global B2B SaaS platform focusing on customer engagement and retention, secured CA$134M (US$105M) in a Series D funding round. The round was spearheaded by CDPQ, a global investment group which contributed CA$104M (US$75M). IIFL AMC's Tech Fund, Tiger Global, and Sequoia India also participated. CleverTap intends to channel these funds towards global expansion and technology development. Established in Mumbai in 2013 and now headquartered in California, CleverTap utilizes machine learning and artificial intelligence in its customer engagement SaaS platform. It assists brands in cultivating durable customer relationships. With a footprint in 100 countries, the platform boasts over 1,200 brand subscribers. In June 2022, CleverTap acquired Leanplum, a San Francisco-based multi-channel customer engagement platform, broadening its influence in North America and Europe. The same month saw the launch of TesseractDB™, a unique database designed to enhance user engagement and retention for digital brands. Sunil Thomas, CleverTap's Co-founder and Executive Chairman, highlighted the company's vision and expressed enthusiasm about the funding. He acknowledged the strategic Leanplum acquisition and TesseractDB™ unveiling, emphasizing CleverTap's position as a retention space leader. Martin Laguerre of CDPQ and Chetan Naik from IIFL AMC praised CleverTap's innovative platform and growth trajectory. Following this funding round, CDPQ will join CleverTap's Board of Directors. The investment from IIFL AMC awaits approval from the Securities and Exchange Board of India (SEBI).