Enterprise Commerce AI Platform Hypersonix announces $35 Mn series B led by B Capital Group

Hypersonix Enterprise Commerce AI Platform

Hypersonix, an enterprise AI platform for commerce has announced the closing of a $35 million Series B funding round. The investment was led by existing investor B Capital Group with participation from Intel Capital, Firebolt Ventures, Magicus Ventures and Gokul Rajaram, among others. The round has valued Hypersonix at $200 million.

To date, Hypersonix has secured a total capital of $50 million. The latest valuation of the company quadruples its Series A valuation, which happened in March 2020.

Hypersonix was Co-founded by Prem Kiran, Rama Rao and Gina Becchetti. The company has forayed into India in 2018 and currently, employs over 100 employees in Bengaluru and Coimbatore. It is planning to double this number by FY22.

The company recently announced Mr Kumar Srivastava as Chief Technology Officer at the company. Mr Srivastava will focus on leading the development of complete products, including new additions as well as oversees the existing products. Apart from tech operations, he will also lead and manage the India operations of the company.

Rashmi Gopinath, General Partner at B Capital Group, said: “Hypersonix has built a mission-critical commerce intelligence platform, which allows organisations to connect their various back-office operational systems and turn that into real-time intelligence across their enterprise to take proactive and adaptive actions, driving business growth.
“Various top brands and retailers like Giant Eagle, Intel, Armada, Global Partners today trust Hypersonix to help them on their AI journey, drive productivity, and unlock growth.”

Speaking on the fundraise, Rama Rao, Co-founder and Chief Product and Data Officer at Hypersonix, said, “Being a leader in implementing state-of-the-art technology, we are planning to use the raised amount to invest in accelerating and deepening our commerce AI infrastructure while also focusing on expanding sales and marketing footprint globally. This will enable us to deliver more data-driven business solutions and strategies for enterprises across commerce verticals.”

Detailing plans for India, Rama further said, “We built our AI platform here and are elated to be expanding our operations even further. India will remain a talent focus for Hypersonix as we scale up over the next few years. We are actively looking to expand our footprint here, and are looking for exceptional talent to join our team.”

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