Indian-Americans’ startup Riversand secures $10 million investment

Houston-based startup Riversand, owned by two Indian-Americans, has secured an additional investment of $10 million from Crestline Investors to continue its product innovation as a technology leader in the space and fund growth initiatives.

Riversand, a software-as-a-service (SaaS) Master Data Management (MDM) and Product Information Management (PIM) solution provider, previously raised $35 million for a Series A round from Crestline Investors (“Crestline”), a credit-focussed institutional alternative asset manager, in 2017.

“Crestline Investors is a valued partner and has enabled us to deliver a best-in-class product that is seeing incredible adoption and high levels of customer satisfaction,” Upen Varanasi, CEO and Founder of Riversand, said in a release.