Hypersonix, an enterprise AI platform for commerce, has raised $35 million in a Series B funding round at a valuation of $200 million.
The round was led by existing investor B Capital Group, with participation from Intel Capital, Firebolt Ventures, Magicus Ventures, and Gokul Rajaram, among others.
Hypersonix plans to use the Series B funding to accelerate and deepen its AI infrastructure and expand its sales and marketing footprint globally.
Company: Hypersonix Inc.
Raised: $35.0M
Round: Series B
Funding Month: July 2021
Lead Investors: B Capital Group
Additional Investors: Intel Capital, Firebolt Ventures, Magicus Ventures, and Gokul Rajaram
Company Website: http://www.hypersonix.ai/
Software Category: Enterprise AI platform
About the Company: Hypersonix was founded in 2018 by Prem Kiran and Rama Rao in San Jose, California. Hypersonix entered India the same year and has been growing at a steady rate. It has over 100 employees in Bengaluru and Coimbatore and planning to double that by the end of this financial year. Hypersonix has built a commerce intelligence platform that 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.
Source: https://economictimes.indiatimes.com/tech/funding/ai-startup-hypersonix-valuation-quadruples-after-35-million-funding/articleshow/84047082.cms