Klaviyo had its own funding event recently, a $100 million investment by Shopify. Today’s item is less pleasant: a data breach involving an unspecified amount of consumer data. The breach apparently resulted from a phishing attack, as did the Twilio breach we reported yesterday. It’s possible the same attackers are to blame.
Cordial also bucked the funding trends last month with a $50 million raise. Today they’re back in the news with integrations with CDPs Amperity, mParticle and Segment. While Cordial itself qualifies as a CDP, its focus is primarily on cross-channel engagement. Connections between data-focused CDPs and engagement-focused CDPs are more common than many people realize.
There’s lots of interesting data in this Ascend2 report on multi-channel marketing, but what stood out for me was that measurement was cited as essential for success by far more respondents (61%) than other factor. Next highest was integrated technology at a meager 43%, and unified data was last at 27%. Now you know we write so much about measurement products.
With CDP vendors increasing their workforces by 3.4% in six months, compared with an average of 0.2% each six months over the prior two years, the sector seems to be growing again, according to our own semi-annual industry update. There is much talk of composable CDPs but they still employ no more than 5% of the sector workforce. What is a clear trend is the acquisition of independent CDPs by vendors interested in adding a CDP to a larger system (usually an activation system).