Akeneo, a Nantes, France- and Dusseldorf, Germany-based provider of product information management (PIM) solutions, received a strategic round of funding of undisclosed amount.
Backers included Salesforce Ventures and serial entrepreneur Stephan Dietrich. Dietrich, who previously sold his company Neolane to Adobe for $600m in 2013, also joined Akeneo’s board.
The company intends to use the funds for continued AI research and development, and hiring of new employees to expand its presence in North America.
Led by CEO Fred de Gombert, Akeneo provides Product Information Management (PIM) solutions that enable retailers and corporate brands to deliver an enriched customer experience across all sales channels, including e-commerce, mobile, print, and retail points of sale.
Its PIM capabilities have been used by Salesforce Commerce Cloud merchants to deliver personalized product experiences across all sales channels.
In 2018, the company signed on a slew of global clients, including Fossil, Sunbelt Rentals and Rural King.