Enterprise commerce AI provider Hypersonix has announced that it has raised $35 million in B Capital Group led Series B round. Intel Capital, Magicus Ventures, Firebolt Ventures, and Gokul Rajaram also participated in the latest funding round, among others.
Rama Rao, Co-founder, Chief Product and Data Officer at Hypersonix, commented, “Being a leader in implementing state-of-the-art technology, we are planning to use the raised amount to invest in accelerating and deepening our commerce AI infrastructure while also focusing on expanding sales and marketing footprint globally. This will enable us to deliver more data-driven business solutions and strategies for enterprises across commerce verticals.”
Hypersonix will use this funding to invest in accelerating and deepening its Commerce AI infrastructure, expanding its sales and marketing footprint and building out its global partner network.
“Hypersonix has built a mission-critical Commerce Intelligence platform which allows organizations to connect their various back-office operational systems and turn that into real-time intelligence across their enterprise to take proactive and adaptive actions, driving business growth. Various top brands and retailers like Giant Eagle, Intel, Armada, Global Partners today trust Hypersonix to help them on their AI journey and drive productivity and unlock growth,” said Rashmi Gopinath, General Partner, B Capital.
“At B Capital Group, we are huge believers in Data and AI and the exponential impact AI and automation can create for enterprises and traditional business processes. We are always looking to back leading enterprise SaaS companies that are disrupting traditional processes and tools and becoming the new backbone for agile business. We are excited to deepen our relationship with Hypersonix and look forward to continue working with the incredible team at Hypersonix as they build the leading Enterprise AI Platform for Commerce,” Gopinath continued.
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