Windfall Data Nabs $65 Million From Morgan Stanley

<div class&equals;"row">&NewLine;<div class&equals;"col-sm-10 col-sm-offset-1">&NewLine;<p><strong><span class&equals;"legendSpanClass"><span class&equals;"xn-location">SAN FRANCISCO <&sol;span><&sol;span><&sol;strong>&&num;8212&semi; Windfall Data&comma; a provider of people intelligence and AI-workflow solutions&comma; has closed a <span class&equals;"xn-money">&dollar;65 million<&sol;span> Series B equity raise led by the investment funds managed by Morgan Stanley Expansion Capital&period; The funding will be used enable to make investments in product development and sales growth&period; Windfall has now raised over <span class&equals;"xn-money">&dollar;100 million<&sol;span> in external funding since its inception in 2016&period;<&sol;p>&NewLine;<&sol;div>&NewLine;<&sol;div>&NewLine;<div class&equals;"row">&NewLine;<div class&equals;"col-sm-10 col-sm-offset-1">&NewLine;<p>Windfall was founded to help go-to-market teams leverage accurate people intelligence and AI solutions&period; Windfall&&num;8217&semi;s unique data asset&comma; software and AI applications&comma; and innovative business model empower 1&comma;000&plus; organizations with actionable insights&period; Over the past several years&comma; Windfall has made substantial investments in its SaaS and Predictive &amp&semi; GenAI solutions across many verticals including&comma; but not limited to&colon; financial services&comma; nonprofits&comma; travel&comma; hospitality&comma; retail&comma; and professional sports organizations&period;<&sol;p>&NewLine;<&sol;div>&NewLine;<&sol;div>&NewLine;<div class&equals;"row">&NewLine;<div class&equals;"col-sm-10 col-sm-offset-1">&NewLine;<p>&&num;8220&semi;We are thrilled to secure this investment from Morgan Stanley Expansion Capital&period; From our first meeting with the team&comma; it was clear that they understood the importance of proprietary data&comma; including our impressive net worth and investable assets data&comma;&&num;8221&semi; said <span class&equals;"xn-person">Arup Banerjee<&sol;span>&comma; Co-founder and CEO of Windfall&period; &&num;8220&semi;Especially as AI and AI solutions continue to proliferate exponentially&comma; the importance of quality and fresh data will be one of the most important ingredients and differentiations&period;&&num;8221&semi;<&sol;p>&NewLine;<p>Windfall maintains a data asset to empower downstream AI solutions in addition to delivering predictive-AI modeling and generative-AI solutions that accelerate data-driven decisions and workflows&period; Organizations can use its SaaS application and insights to activate data in multiple systems and channels&period;<&sol;p>&NewLine;<p>&&num;8220&semi;Data is a critical component of go-to-market operations and AI solutions&period; Whether it&&num;8217&semi;s sales&comma; fundraising&comma; marketing&comma; or account management&comma; we believe that accurate and up-to-date data &amp&semi; AI is absolutely necessary for businesses to succeed&comma;&&num;8221&semi; said <span class&equals;"xn-person">Pete Chung<&sol;span>&comma; Head of Morgan Stanley Expansion Capital&period; &&num;8220&semi;We are thrilled to support Windfall and their team as they embark on the next phase of their expansion and growth&period;&&num;8221&semi;<&sol;p>&NewLine;<p>&&num;8220&semi;We believe Windfall&&num;8217&semi;s differentiated dataset and AI-workflow solutions set the company apart&comma;&&num;8221&semi; continued <span class&equals;"xn-person">Steve Cao<&sol;span>&comma; Executive Director at Morgan Stanley Expansion Capital&period; &&num;8220&semi;It&&num;8217&semi;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&period;&&num;8221&semi;<&sol;p>&NewLine;<p>Windfall&&num;8217&semi;s customers integrate through their system-of-record like Salesforce&comma; Microsoft Dynamics&comma; Snowflake&comma; Blackbaud&comma; etc&period; The company enables automated enrichment services&comma; predictive or machine learning modeling solutions&comma; and AI-generated audiences for paid media&period; For go-to-market teams&comma; Windfall&&num;8217&semi;s SaaS application enables discovery of key segments&comma; AI-powered recommended personas&comma; and workflow automation&period;<&sol;p>&NewLine;<p>&&num;8220&semi;We&&num;8217&semi;re excited to partner with Morgan Stanley Expansion Capital during the current wave of AI&comma;&&num;8221&semi; said <span class&equals;"xn-person">Dan Stevens<&sol;span>&comma; Co-founder and COO of Windfall&period; &&num;8220&semi;We believe Windfall will transform how go-to-market teams operate with accurate data and AI workflows&period;&&num;8221&semi;<&sol;p>&NewLine;<&sol;div>&NewLine;<&sol;div>&NewLine;