Miguel Cordon · · 1 min readRetail analytics firm Intelligence Node raises $5.5m series B funding
AI-powered retail analytics company Intelligence Node raised US$5.5 million in a series B funding round as it looks to double its value by 2020. It claims to have raised a total of US$10.6 million to date.
Photo credit: Roderick Eime
New investors Cornerstone Venture Partners Fund and Calibre Ventures participated in the fundraise, alongside existing investors MegaDelta Capital Advisors and Orios Venture Partners.
With the investment, the India-based company plans to focus on growing its US footprint, targeting San Francisco for a potential new base for sales and operations. It also looks to make new senior leadership hires in sales and marketing and expand its product portfolio, according to a statement.
“We find ourselves at an unprecedented inflection point where we have reached the cusp of product maturity and market readiness, and are looking to raise series C funding shortly,” said Intelligence Node CEO Sanjeev Sularia.
Founded in 2012, Intelligence Node offers global retail clients AI-driven insights through its database of product pricing and promotion information gathered from various ecommerce sites, marketplaces, brick-and-mortar stores, direct marketing, and consumer social media.
Editing by Charmaine de Lazo
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