CoreMedia, a Hamburg, Germany-based global content management platform and developer of CoreMedia Content Cloud, received a majority growth investment from OpenGate Capital.
This new investment also includes contributions from Silicon Valley Bank – a subsidiary of SVB Financial Group.
The amount of the deal was not disclosed.
The company intends to use the funds to accelerate growth in North America and beyond and to leverage artificial intelligence (AI) to automate repetitive tasks.
Led by Sören Stamer, CEO and Co-Founder, CoreMedia provides the Content Cloud, which blends real-time product information with multimedia marketing content and delivers personalized product messaging across a variety of digital channels. The company seeves global brands in a range of industries including retail, media, manufacturing, telecom, public sector and luxury goods.
Leading global B2C companies (Deckers, Luxottica, PVH Corp, Finnair, T-Mobile) and B2B firms (Continental, Claas, Emerson, DMG-Mori) create digital experiences powered by the company’s solutions.