Split.io vs Cvent
Side-by-side comparison of AI visibility scores, market position, and capabilities
SF feature management platform acquired by Harness May 2024 at $75M ARR (April 2025); $110M Lightspeed/Accel-backed progressive delivery and A/B testing competing with LaunchDarkly and Statsig for enterprise feature flag infrastructure.
About
Split.io is a San Francisco-based feature management and software experimentation platform — acquired by Harness in May 2024 for an undisclosed amount, having raised $110 million in total pre-acquisition funding from Lightspeed Venture Partners, Accel Partners, and Harmony Partners — providing engineering teams, product managers, and data scientists with feature flag infrastructure, progressive delivery, A/B testing, and feature impact measurement tools that enable software teams to safely release features to targeted user segments, run controlled experiments, and measure feature impact on business metrics. Split reached $75 million in annual recurring revenue as of April 2025 under Harness ownership, serving enterprise software development teams who need controlled feature rollouts and experimentation alongside their CI/CD pipelines.
$650M TTM revenue Oct 2025; 24K+ customers; 35% event management market share 2024; $16.5B group business volume sourced 2024; acquired by Blackstone March 2023; 40% revenue from international
About
Cvent is an enterprise event management software company founded in 1999 and headquartered in Tysons, Virginia, built to digitize and manage the full lifecycle of corporate meetings, conferences, trade shows, and incentive programs. The company was founded by Reggie Aggarwal after experiencing firsthand the operational chaos of planning corporate events with spreadsheets and phone calls. Cvent's mission is to give event professionals a comprehensive technology platform that manages every dimension of event execution — from venue sourcing and attendee registration to on-site check-in and post-event analytics — at enterprise scale.\n\nCvent's platform encompasses venue sourcing and RFP management through the Cvent Supplier Network, event registration and marketing, mobile event apps, on-site solutions, virtual and hybrid event capabilities, and attendee engagement tools. The company also operates one of the hospitality industry's most important data assets — a database of over 300,000 venue profiles used by meeting planners globally to source and evaluate event spaces. Cvent serves over 24,000 customers ranging from Fortune 500 event teams to professional conference organizers, and its platform sourced $16.5 billion in group business volume through its supplier network. Blackstone acquired Cvent in 2023 following its public market stint.\n\nCvent reported trailing twelve-month revenue of approximately $650 million as of October 2025 and holds approximately 35% market share in the global event management software category. Its combination of deep enterprise penetration, the industry-standard venue sourcing network, and post-pandemic demand for hybrid event capabilities reinforces its position as the dominant platform in corporate event management. Cvent's scale, switching costs, and Blackstone's growth capital create a formidable competitive position in a market undergoing digitization and consolidation.
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