Freshworks raises $100 million from Sequoia and Accel, becomes a unicorn

The company hires Suresh Seshadri as Chief Financial Officer from AppDynamics, who helped it prepare for IPO before it was bought by Cisco in 2017

Freshworks, a leader in customer engagement software, has become a unicorn after raising $100 million in Series G funding. It also hired former AppDynamics vice-president of finance and treasury Suresh Seshadri as chief financial officer (CFO), the company said in a statement. 

This round was co-led by Sequoia and Accel, with participation of CapitalG, Alphabet’s (Google’s) growth equity fund. The money was raised at a post-funding valuation of $1.5 billion, almost double of $700 million valuation it attracted in November 2016, when it raised $55 million in Series F funding. In all, the company has raised $250 million in equity