Capillary Technologies, a Singapore-based provider of software solutions that enables retailers to engage with their customers, raised approx. $20m in funding.
Backers included Warburg Pincus and Sequoia Capital.
The company intends to use the funds for new product development.
Led by Aneesh Reddy, Co-founder and CEO, Capillary Technologies leverages Artificial Intelligence and Machine Learning to provide cloud-based software solutions that enable retailers to engage with their customers across Asia and other upcoming emerging markets.
In less than 10 years, the company’s solutions have been used by more than 300 marquee brands across 25,000 stores in over 30 countries, including Pizza Hut, VF Brands, Walmart, Al-Futtaim, KFC, Starbucks, Madura Garments, Courts and Samsung.