Coveo, a provider of enterprise search solutions, announced the completion of its $8.2m Series B financing.
The financing was led by the Business Development Bank of Canada (BDC Venture Capital), with participation from all existing investors, including Propulsion Ventures SEC, The Solidarity Fund QFL, and Coveo Chairman Louis Têtu.
The company, which provides advanced enterprise search technology and information access solutions, including mobile search solutions, will use the proceeds to fund its ongoing expansion. The company plans to hire an additional 60 employees over the next two years and accelerate its industry-leading product development.
Coveo headquarters are located in Vernon Hills, IL (USA) and Québec, QC (Canada).