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Sprinklr Valued at Over $1 Billion After New Funding Round

Sprinklr, a software company that helps big brands manage their social media presence online, has raised $46 million in new venture funding Tuesday, which values the company at $1.17 billion, according to a company spokesperson. Sprinklr’s existing investors Battery Ventures, Intel Capital and Iconiq Capital led the new round; Sprinklr has now taken more than $123 million in funding since it was founded in 2009.

This article originally appeared on Recode.net.