QuanticMind, a Redwood City, CA-based data platform for intelligent marketing, raising a $20M Series B funding.
The round was led by Foundation Capital, with participation from Safeguard Scientifics (NYSE:SFE) and Cervin Ventures. In conjunction with the funding, Foundation Capital general partner Ashu Garg will join QuanticMind’s board of directors.
The company intends to use the funds for strategic growth investments in both hiring and in product development accelerating the artificial intelligence, predictive advertising, data science and machine learning capabilities of its data platform.
Led by co-founder and CEO Chaitanya Chandrasekar, QuanticMind provides marketers with predictive management software to anticipate and execute the best and most granular investments across their paid search and social marketing channels, by leveraging machine learning, distributed cloud computing, and in-memory processing.
The company serves top-tier performance marketers from around the globe, including 1-800-Dentist, Rosetta Stone and Dermstore.