Peak XV leads US-based product analytics tool startup PostHog’s $75-M Series E round

Peak XV Partners has led a USD 75 million Series E round in San Francisco-headquartered, cloud-based product analytics tool startup PostHog . The latest round values the firm at USD 1.4 Billion.YC-backed PostHog was founded in 2020 by James Hawkins and Tim Glaser. It is an open-source, all-in-one platform for product and web analytics, designed to help engineering and product teams understand user behaviour.The company intends to use the fresh funds to start “Act 2 of PostHog”, going deeper into being a developer tool and not just an analytic tool. The firm is also looking to improve its existing tools and add more to generate better insights into how products are performing.