Announced
Completed
Financials
Tags
Private Equity
Friendly
Private
Minority
Domestic
Completed
E-commerce
e-commerce solutions
algorithmic platform
United States
Venture Capital
Acquisition
Synopsis
SoftBank Vision Fund 2, a fund with a goal to invest in AI-based technology, led a $115m Series D funding round in CommerceIQ, a retail ecommerce management platform, with participation from Insight Partners, Trinity Ventures, Shasta Ventures, and Madrona Venture Group. “As eCommerce penetration continues to surge, competition and technical complexity will make it harder than ever for brands to stand out online. We believe that CommerceIQ can provide companies with a substantial edge by harnessing the power of algorithms and automation to supercharge their online presence. We are delighted to partner with Guru and the team on their mission to help brands win in eCommerce," Priya Saiprasad, SoftBank Partner.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.