US-based enterprise analytics technology developer Hypersonix has raised $35m from investors including Intel Capital, the corporate venturing subsidiary of chipmaker Intel, at a $200m valuation.
The round was led by B Capital Group, a venture capital firm backed by professional services firm Boston Consulting Group, and also featured VC fund Firebolt Ventures, VC firm Magicus Ventures and private investor Gokul Rajaram.
Founded in 2018, Hypersonix has built an artificial intelligence (AI) and automation-equipped analytics tool designed to help organisations leverage data to improve their operations in areas including customer interaction, sales, logistics and product intelligence.
The company will use the cash to improve its commerce AI technology, increase the size of its sales and marketing teams and expand its partner network globally. Intel Capital led its $11.5m series A round in May 2020, investing alongside undisclosed returning backers at a valuation below $50m.
The series A round boosted the company’s overall funding to $15m, and its earlier shareholders include business bank Avidbank, Happiness Ventures, Firebolt, Sherpalo Ventures and various individuals.
Prem Kiran, Hypersonix’s founder and CEO, said: “Our company is experiencing accelerated growth, despite headwinds from covid-19, which I think highlights the critical importance of ‘systems-of-operational-intelligence’ in commerce.
“Enterprises are demanding real-time insights that will power agility in decisions and actions across the commerce enterprise. These insights span from marketing and merchandising to operations and supply chain arenas.”
