Capillary Technologies, a global AI-based omnichannel consumer loyalty, engagement and analytics provider, completed a new round of financing.
The round was led by an affiliate of Warburg Pincus, a global private equity firm focused on growth investing.
The company intends to use the funds to to expand its sales/delivery network and product offerings across China.
Founded in 2008 and led by Amit Haralalka, General Manager, Capillary Technologies, Greater China, and recently hired Nick Liu, lead of business development in China, Capillary Technologies provides AI based omnichannel consumer loyalty, engagement and analytics solutions that are purpose built and integrated into ‘new retail’ paradigm in emerging markets in Asia, including in China.
The company, which is headquartered in Shangai, China, with additional offices in Guangzhouand Changsha, recently introduced a new range of AI-based in-store and online products that enrich consumer information that’s available with retailers. Retailers can collect and analyze transactional and behavioral data across offline stores, as well as online channels (O2O) like TMALL, Taobao, JD and WeChat.