Funding Trends in CX

As companies rode out the COVID-19 pandemic, funding activity continued in the CX space. The rapid shifts that companies had to make during this time have only proven how important CX technologies will be to businesses as they aim to provide personalized, frictionless, and omnichannel experiences.

Dash Research recently profiled 150 representative companies in the CX space, focusing on customer data & analytics, personalization & optimization, customer feedback, customer relationship management, contact center, and employee experience. From 2019 through 2021, 33% of the 150 companies received a funding round. In 2020 and 2021, many contact center companies garnered funding, likely spurred by this sector rising to the occasion to serve customers who could no longer address concerns in person. Often using multiple channels for customer contact, or turning toward self-service, customers drove a lot of change in this segment. Funding allocated to contact centers was no doubt leveraged as these companies made a rapid shift to moving technology to the cloud, as well as using artificial intelligence (AI) and conversational technologies.

Selected M&A Funding in the CX Market

(Source: Dash Research)

Data & analytics, as well as personalization & optimization were other hot funding areas. The increased move to digital brought increased data loads, which companies often struggled to house, combine, analyze, and provide insights on. This made technologies in this sector appealing to fund. Likewise, as brands were unable to be high touch during the pandemic, they ramped up usage of hyper-personalization technologies to stand out, keep customers engaged, and create experiences that helped customers feel that the brand was easy to interact with and knew them. Dash Research will continue following funding activity in the CX market, expanding the view past the Dash Research 150, as 2021 is expected to remain a strong year. The third quarter of 2021 is already starting off with funding rounds for Amperity (customer data & analytics), CRMNEXT (customer relationship management), and Thrive Global (employee experience).

Author Information

As a detail-oriented researcher, Sherril is expert at discovering, gathering and compiling industry and market data to create clear, actionable market and competitive intelligence. With deep experience in market analysis and segmentation she is a consummate collaborator with strong communication skills adept at supporting and forming relationships with cross-functional teams in all levels of organizations.

Sherril holds a Master of Business Administration in Marketing from University of Colorado, Boulder and a Bachelor of Arts in Psychology from Rutgers University.

Latest Insights:
HCLTech's Partnership with OpenAI: A Strategic Move for Enterprise AI Scaling
August 8, 2026
Article
Article

HCLTech’s Partnership with OpenAI: A Strategic Move for Enterprise AI Scaling

HCLTech's designation as an OpenAI Advanced Partner positions the GSI to help enterprises deploy secure, scalable AI solutions at scale. The move reflects OpenAI's strategy to rely on Global Systems Integrators for...
nCino's Mortgage MCP: A Major shift for Lenders in AI Integration
August 8, 2026
Article
Article

nCino’s Mortgage MCP: A Major shift for Lenders in AI Integration

nCino launches Mortgage MCP, integrating AI agents into mortgage workflows. With 86.6% of buyers prioritizing autonomous agents, this addresses critical enterprise demand for agentic AI....
Motive's Unstoppable Momentum: What It Means for Fleet Management
August 8, 2026
Article
Article

Motive’s Unstoppable Momentum: What It Means for Fleet Management

Motive has secured the #1 ranking on G2's Momentum Grid for Fleet Management for eight consecutive quarters, positioning itself as the fastest-growing challenger disrupting the supply chain software market dominated by SAP...
Agentic AI
August 7, 2026
Article
Article

Salesforce’s Agentic Enterprise Index: A Paradigm Shift in AI Deployment

Keith Kirkpatrick, Vice President & Research Director, Enterprise Software & Di at Futurum, analyzes Salesforce's Agentic AI deployment trends showing organizations tripling active agents and reducing creation times by 53%, signaling a...
Latest Research:
August 5, 2026

Orchestrating IT at Global Scale How IBM Consulting Enabled Nestlé’s AI-Driven Delivery Model

In our latest case study, Orchestrating IT at global scale: How IBM Consulting enabled Nestlé's AI-driven delivery model, completed in partnership with IBM, Futurum Research examines how Nestlé consolidated a...
August 5, 2026

IBM as Client Zero: How IBM Built an Enterprise AI Orchestration Model at Global Scale

In our latest case study, IBM as Client Zero: How IBM built an enterprise AI orchestration model at global scale, completed in partnership with IBM, Futurum Research examines how IBM...
August 5, 2026

The Orchestrator: Who’s Conducting Your Enterprise?

In our latest thought leadership report, The Orchestrator: Who’s Conducting Your Enterprise?, completed in partnership with IBM, Futurum Research examines why AI capability has outpaced enterprise coordination – and why...

Book a Demo

Welcome

The vision behind everything in Futurum’s Custom Research practice is this: research should show you what is happening, what comes next, and what to do about it. It should be personal to each audience, easy for people to grasp, and structured so LLMs can reason over it accurately. And it should be fast and turnkey; you want answers now, not another project to carry for quarters.

Whether you are defining business, channel, or go-to-market strategy; evaluating vendors or justifying ROI; or commissioning research to fill an emerging market need, we have your back, with a program that answers your questions with the objectivity and credibility to drive real decisions.

To do it, we bring unmatched data to bear: Futurum research, surveys, and market projections; validated market feeds; ETR’s 15 years of insight from 10,000 technology decision-makers; G2’s buyer and user data; and what our analysts hear every day. Add leading primary collection, from AI-moderated voice interviews to surveys and analyst-led interviews, all turnkey, and every project comes out credible, nuanced, and actionable.

And we don’t just drop the results in your lap. For internal work, we provide analyst-led sessions, interactive dashboards, and a range of formats. For market-facing work, Futurum delivers turnkey activation and amplification that actually gets seen, by people and by LLMs, through our media and share of voice. This is research that moves decisions and markets.

We will meet you wherever you are, from a fast-turn brief to a multi-year program, and shape the work to your goals, timeline, and budget. The right program for your moment.

If any of this is useful, I would love to talk.

Benjamin Brown, VP Custom Research, Futurum Research

Benjamin Brown

VP, Custom Research · The Futurum Group

Newsletter Sign-up Form

Get important insights straight to your inbox, receive first looks at eBooks, exclusive event invitations, custom content, and more. We promise not to spam you or sell your name to anyone. You can always unsubscribe at any time.

All fields are required






Thank you, we received your request, a member of our team will be in contact with you.