Rubikloud Technologies Inc., a Toronto, ON-based retail intelligence platform, raised $7m in Series A financing.
The round, which brought total investment in the last 12 months to over $8.5m, was led by by TOM Group (stock code: 2383), a joint venture of Mr. Li’s Cheung Kong (Holdings) Limited and Hutchison Whampoa, and Ule, China’s “local” e-commerce platform, with participation from Access Industries and other private investors. In conjunction with the funding, TOM Group CEO Ken Yeung will join Rubikloud’s board.
The round will be used to expand the core engineering and data science team, and the expansion of customer reach in North America and China. It is planning to announce major customer and industry partnerships in the coming months.
Led by Kerry Liu, co-founder and CEO, Rubikloud provides a retail intelligence platform focused on turning retail data into revenue and insights. The solution processes, cleans, and models important data for retailers, turning data into an asset in real time.
The company currently has major clients and partners in North America, United Kingdom, and throughout Asia.