Enterprise Commerce AI Provider Hypersonix Raises $35M In Series B Funding Round Led By B Capital Group, Intel Capital, Firebolt Ventures, Others
- ByStartupStory | July 1, 2021
Hypersonix, an enterprise AI platform for commerce, announced the closing of a $35 million Series B funding round at a valuation of $200 million. The investment was led by existing investor B Capital Group with participation from Gokul Rajaram, Intel Capital, Firebolt Ventures, Magicus Ventures and among others. By now the company has raised over $50 million in capital, and the latest financing more than quadruples the valuation of its Series A round in March 2020.
Rama Rao, Co-founder and Chief Product and Data Officer at Hypersonix, said, “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 recently announced Kumar Srivastava as Chief Technology Officer at the company. His domain will be focussing on leading the development team to roll out new offerings while overseeing the implementation of on-going improvements to existing products. He will also lead and manage India operations. Hypersonix forayed into India in 2018 and currently employs more than 100 employees in Coimbatore and Bengaluru. The goal is to double this number by FY22.
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