Teikametrics, the SaaS provider brand, has raised $15 million in strategic funding to accelerate its AI-based multi-channel offerings. The funding was led by Jump Capital, Granite Point Capital, and other investors. “The company has grown rapidly, and the success of its proprietary AI technology for Amazon is a strong proof point for a broader e-commerce platform opportunity.”- Said Michael McMahon, Co-founder of Jump Capital.
The company will use this funding to extend the multichannel optimization to the new marketplace and expand its SaaS platform. It has already been using its AI technology to simplify decision making for different online sellers. Supported by the funding, Teikametrics also plans to hire talents across sales, marketing, and product development as a part of employee expansion to its newly opened offices.