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Heap

AcquiredYC W13YC Top Company

Seattle, US · Founded 2013 · Delaware corporation · 388 employees · 15 known investors

Heap provides analytics and data collection tools for growth marketers to optimize digital experiences, track user acquisition channels, measure engagement, and personalize messaging across the conversion funnel.

Also known as Heap Analytics · heap.io

Data & InfrastructureEnterprise SoftwareMarketing TechSaaSAnalyticsUnited States of AmericaAmerica / CanadaPartly Remote

Founders & leadership· Y Combinator alumni (W13)

Heap was founded in 2013 by Matin Movassate and Ravi Parikh.

MMMatin Movassate
Matin MovassateinFounder & ChairmanFounder and CEO of Heap, which provides product analytics and data collection tools that help teams capture customer data and analyze user behavior across the conversion funnel.
RP
Ravi ParikhCo-founder

Board

CP
Chetan PuttaguntaBoard director

Investors · 15

Also in the syndicate · 4

Alliance Bernstein Private Credit InvestorsGoldman Sachs Asset Management (Growth Equity)Sixth Street GrowthleadThe Private Shares Fund

Reported raises · per SEC filings

Form D private placements

$148.7M disclosed across 3 rounds · 2015–2021

$112.6MraisedDec 2021 · 22 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Ravi ViswanathanDirector
  • Kenneth FineExecutive Officer, Director
  • Matt MurphyDirector
  • Michael McGinnDirector
  • Steve LoveExecutive Officer
  • Matin MovassateDirector
Offering amount
$112.6M
Amount sold
$112.6M
First sale
Nov 2021
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$27MraisedMay 2017 · 6 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Matin MovassateExecutive Officer, Director
  • Chetan PuttaguntaDirector
  • Ravi ParikhExecutive Officer, Director
Offering amount
$27M
Amount sold
$27M
First sale
Apr 2017
Incorporated
Corporation, Delaware, 2012
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$9.1MraisedDec 2015 · 21 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Chetan PuttaguntaDirector
  • Ravi ParikhDirector
  • Matin MovassateExecutive Officer, Director
Offering amount
$13.1M
Amount sold
$9.1M
First sale
Dec 2015
Incorporated
Corporation, Delaware, 2012
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Valuation · disclosed

Disclosed events
$960Mvaluation at Series DDec 2021
filing ↗

Source: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.

Company profile

researched Aug 2026

Heap is a digital insights and product analytics platform that automatically captures user interactions with a company's website or application. A single snippet installed on a site or app captures clicks, pageviews, form submissions and change events across platforms without requiring engineering work to tag individual events, producing a dataset the company describes as governed and organized for analysis [0][1][4]. On top of that dataset, Heap layers analysis tooling including charts, dashboards, segments and funnel analyses, plus data-science-driven features marketed as Heap Illuminate, which surface friction points, alternate user paths, effort required to complete flows, and events correlated with conversion and retention [0][1][5][6].

The product also includes integrated session replay for qualitative context on individual user sessions, Heap Connect for joining Heap data with a customer's warehouse or data lake, Sense AI (including a Sense Chat conversational interface) for guided analysis, and Conversational Intelligence, which brings AI-analyzed phone, chat and email interactions into Heap [0][1][3]. Heap advertises over 100 integrations with other tools in the customer's stack and publishes developer APIs for capturing custom events beyond autocapture, managing user identity across sessions and devices, and handling data privacy requirements, with SDKs for web, iOS, Android and React Native [0][1][3][4]. Customer enablement is delivered through Heap University training courses, certifications and webinars, and a documentation and support help center [2][3].

Business model

Heap sells a software-as-a-service analytics platform to businesses, with self-service entry via a free trial alongside a sales-led motion ("Contact Sales") for larger accounts [0][1]. Specific pricing and contract terms are not disclosed in the sources.

Software subscription sold to companies; the sources indicate free-trial and sales-assisted purchase paths but do not disclose pricing tiers or revenue figures [0][1].

Traction

Heap's website states it is used by over 10,000 companies [0][1]; at the time of the December 2021 Series D announcement the company cited over 8,000 businesses as customers and triple-digit growth [5]. Published customer results include Curaytor raising its NPS 72% and retaining 80% of at-risk clients, PocketSuite doubling onboarding-funnel conversion and paying customers, and Boardable seeing a 200% increase in successful sign-ups and 40% higher trial-to-paid conversion [6].

Latest developments

Heap has joined forces with Contentsquare, with the combined offering positioned around automatically capturing every user interaction to improve conversion and retention [0][1]; Heap University now references training from "Contentsquare Experts" [2]. Recent product additions include Sense AI and Sense Chat for conversational, low-onboarding analytics, integrated session replay, and Conversational Intelligence for bringing AI-analyzed phone, chat and email interactions into Heap; an AI CoPilot open beta was also announced [0][1][3][6].

Full profile — market position, technology, go-to-market, geography, history

Market position

Described in company and trade-press materials as a digital insights/digital analytics platform competing in the product and digital analytics category; the company said it saw triple-digit growth in the year preceding its Series D and was named Snowflake's FY2021 Data Marketplace Partner of the Year [5][7].

Heap positions itself against analytics tools that rely on manual event tagging and engineering effort, arguing that manual instrumentation produces incomplete data and blind spots. Its stated differentiators are automatic capture of the full digital dataset, data-science-driven automatic surfacing of insights rather than only manual querying, and the combination of quantitative analytics with qualitative session replay in one platform [0][1][6].

Technology

Autocapture-based data collection: one JavaScript snippet or mobile SDK records client-side interactions (clicks, pageviews, form submissions, change events) retroactively across platforms, with server-side and API-based capture available for custom events and identity management. A data science layer (Heap Illuminate) analyzes the complete dataset to surface friction, journey maps and correlated events; session replay adds qualitative session-level context; Heap Connect pipes data to warehouses/data lakes; Sense AI applies AI to guide analysis [0][1][3][4][5][6].

Go-to-market

Combination of self-service free trial and direct enterprise sales, supported by content marketing (guides, reports such as the Digital Experience Insights report), customer case studies, a partner ecosystem and integrations, and educational programs via Heap University webinars and certification [0][1][2][5][6].

Digital and product teams — product managers, product builders, growth marketers, analysts and analytics teams — at companies operating websites and digital products; case studies cited include Huel, LendingClub, Curaytor, PocketSuite and Boardable [0][1][5][6].

Geography

Trade press covering the Series D described Heap as San Francisco-based, and the funding was intended in part to scale the company's global operations [5][7].

History

In 2021 Heap released Heap Illuminate, a data-science-powered analysis suite, followed by Journey Maps as an addition to Illuminate, and published a Digital Experience Insights report finding that 84% of funnel analyses deliver misleading data. The same year the company appointed Rachel Obstler as EVP of Product, Ahmed Quadri as Chief Customer Officer, Sean Andrew as Chief Revenue Officer and Steve Love as Chief Financial Officer, and in December 2021, under CEO Ken Fine, closed a $110m Series D at a $960m valuation bringing total capital raised to $205m [5][6][7]. Heap subsequently joined Contentsquare [0][1][2].

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
CustomersJan 202510,000 companies
HeadcountAug 2026102
IntegrationsJan 2025100 integrations
Post-money valuationDec 2021$960M
Total capital raisedDec 2021$205M

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Founder mafia

3 people who came through Heap went on to found or lead other companies.

Competitors · 10

by search overlap
Contentsquare600 shared keywordsContentsquare offers a digital experience analytics platform that uses AI to help teams understand customer behavior across websites and apps through heatmaps, zoning analysis, journey mapping, and session insights. It serves marketing, analytics, and e-commerce teams looking to improve engagement, conversion, and retention.
Amplitude531 shared keywordsAmplitude provides an AI analytics platform that helps companies understand customer behavior and make data-driven product decisions. The platform serves product and engineering teams across enterprises looking to optimize user experience and digital innovation.
FullStory437 shared keywordsFullstory captures real user behavior across digital products to power behavioral analytics and AI-driven insights. Its platform helps teams understand user struggles and improve digital experiences using real-time behavioral intelligence.
Userpilot300 shared keywordsUserpilot is a no-code product growth platform that lets product, UX, and customer success teams create in-app experiences, track product usage and feature adoption, run session replays, and collect user feedback. It serves SaaS companies and enterprises pursuing product-led growth.
Splunk263 shared keywordsSplunk offers a unified platform for security and observability that ingests and analyzes large-scale data across hybrid cloud environments. Its tools support security operations centers with analytics and automated response, and help teams monitor application and infrastructure performance.
Atlan256 shared keywordsAtlan builds a "context layer" and metadata management platform, including a data catalog, data governance tools, and a Context Lakehouse, that supplies enterprise data context to AI agents and data teams. It serves large enterprises looking to make AI systems operate with knowledge of their data environment.
Dovetail249 shared keywordsDovetail is a customer intelligence platform that centralizes and analyzes fragmented customer feedback from multiple sources using AI to generate actionable insights across organizations.
Mixpanel236 shared keywordsMixpanel provides analytics software for marketing teams to track user behavior, measure campaign performance, and prove return on investment across channels.
Uxcam231 shared keywordsUXCam provides mobile app analytics and session replay that automatically detects crashed sessions and integrates with crash log tools like Firebase Crashlytics. It helps product and analytics teams identify user struggles, troubleshoot issues, and understand app engagement.
SurveyMonkey228 shared keywordsSurveyMonkey is an online platform for creating surveys and forms to run market research, customer satisfaction, event registration, and employee feedback programs. It offers AI-assisted survey building, expert templates, a global respondent panel, analytics tools, and integrations for individuals, teams, and enterprise organizations.

Companies competing with Heap for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 7

launches, deals, and filings
Jan 2024
Heap joins Contentsquare

Heap's website states that Heap has joined forces with Contentsquare, combining automatic capture of user interactions; Heap University training references Contentsquare Experts.

source ↗

Jan 2023
AI CoPilot open beta

Heap announced the open beta of AI CoPilot.

source ↗

Dec 2021
Heap closes $110M Series D at $960M valuation

Heap announced a $110 million Series D at a $960 million valuation, led by Sixth Street Growth with new investment from the Growth Equity business within Goldman Sachs Asset Management; both received board representation. Existing investors NewView Capital, Menlo Ventures, DTCP, Triangle Peak Partners, Alliance Bernstein Private Credit Investors, Maverick Ventures and The Private Shares Fund participated. Total capital raised stated as $205 million.

$110M source ↗

Jan 2021
Named Snowflake FY2021 Data Marketplace Partner of the Year

source ↗

Jan 2021
Executive appointments: product, customer, revenue and finance leaders

Heap announced the appointments of Rachel Obstler as EVP of Product, Ahmed Quadri as Chief Customer Officer, Sean Andrew as Chief Revenue Officer, and Steve Love as Chief Financial Officer. Ken Fine is identified as CEO.

source ↗

Jan 2021
Journey Maps added to Heap Illuminate

Alongside publication of its Digital Experience Insights report (finding 84% of funnel analyses deliver misleading data), Heap announced Journey Maps, an addition to Heap Illuminate that surfaces unseen user behavior and suggests actions.

source ↗

Jan 2021
Launch of Heap Illuminate

Heap released Heap Illuminate, a data-science-powered suite that automatically surfaces high-impact insights about user behavior from Heap's autocaptured behavioral dataset.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
HeapDelaware

In the news

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Heap do?
Heap is a digital insights platform that autocaptures user interactions on web and mobile to power product analytics.
Who founded Heap?
Heap was founded by Matin Movassate, Ravi Parikh in 2013.
Who are Heap's investors?
Heap's investors include Menlo Ventures, New Enterprise Associates (NEA), NewView Capital, Sixth Street, SLVC, Triangle Peak Partners, Y Combinator, Initialized Capital and 3 more.
How much funding has Heap raised?
Heap has disclosed $148.7M raised across 3 rounds.
Where is Heap headquartered?
Heap is headquartered in Seattle, US.