Sprinklr Valued at $2.7 Billion in Hellman & Friedman Round (1)

Sprinklr, a technology company focused on customer service software, has raised $200 million from private equity firm Hellman & Friedman, which will take a minority stake at a $2.7 billion valuation.

Hellman & Friedman is investing an additional $300 million to buy out some existing investors, bringing its total bet on Sprinklr to $500 million, a Sprinklr spokesman said, confirming an earlier Bloomberg News report.

The New York-based company also secured an additional $150 million in convertible notes from alternative asset manager Sixth Street Partners, according to a statement.

The valuation is up from the $1.8 billion ...