CIBC Innovation Banking has provided an 拢8 million growth capital package to Ometria.
The customer data and experience platform, headquartered in London and New York, will use the capital to further develop and advance its retail-specific AI capabilities.聽
Founded in 2013, Ometria claims to be the first and only CDXP designed specifically for retail, with over 200 industry-leading, global clients.
The platform helps retail brands drive customer-centred business growth by creating next-generation, data-driven experiences at scale.
Ometria鈥檚 platform allows clients to boost revenue growth by improving the experience retailers can deliver for customers.
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鈥淭his is a great vote of confidence, and we are very excited to work聽 with CIBC Innovation Banking and use this funding to further accelerate the development of our retail-specific AI co-marketer,鈥� said Ivan Mazour, CEO and founder.聽
鈥淭he capital will also fuel our ongoing North American expansion, which is a huge market that has shown a clear need for our product.鈥�
Thomas Dods, director at CIBC Innovation Banking鈥檚 European Office, said: 鈥淲e are excited to be supporting Ometria at such an important stage of growth. The company has a tremendous opportunity ahead, thanks to the platform鈥檚 leading-edge AI capabilities.聽
鈥淭he CIBC Innovation Banking team is looking forward to supporting Ometria in its continued growth journey.鈥�