Other Deals
Enterprise AI platform Hypersonix raises $35-M from B Capital, Intel, Firebolt, others
Hypersonix, a Silicon Valley-based enterprise AI platform for commerce, has raised USD 35 million as part of its Series B funding round led by existing investor B Capital Group, with participation from Intel Capital, Firebolt Ventures, Magicus Ventures and Gokul Rajaram, among others. The round values the company at USD 200 million. 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. The firm has raised more than USD 50 million till date. The latest financing more than quadruples its valuation from its Series A round in March 2020, when it raised USD 11.5 million led by Intel Capital, taking its total funds raised to USD 15 million last year. Founded in 2018 by Prem Kiran and Rama Rao in San Jose, California, Hypersonix entered India the same year and has over 100 employees in Bengaluru and Coimbatore and is planning to double that by the end of this financial year.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
