USA – CommerceIQ, a Palo Alto, Calif.-based Retail Ecommerce Management Platform, closed a $115m Series D funding, bringing the total valuation to more than $1 billion.
The round was led by SoftBank Vision Fund 2 with participation from existing institutional investors Insight Partners, Trinity Ventures, Shasta Ventures, and Madrona Venture Group. The new funding brings total funding in the last 12 months to $175m. In conjunction with the funding, Priya Saiprasad, Partner at SoftBank Investment Advisers, will also join the CommerceIQ Board of Directors.The company intends to use the funds to expand its business globally and to accelerate the development of its platform. Led by Guru Hariharan, CEO, CommerceIQ provides a unified Retail Ecommerce Management Platform, which connects and automates data and decisions across the entire ecommerce stack to power growth for global brands.The solution intelligently automates all aspects of Retail Ecommerce Management in a unified platform by connecting ecommerce category analytics, retail media management, sales management, and operations management. Today, CommerceIQ has more than 2,200 brands that use its platform daily to maximize incremental sales, category market share, and unit profitability through online retailers such as Amazon, Walmart, Target, and Instacart.22/03/2022
