Rubikloud Technologies Inc., a Toronto, Canada-based AI driven marketing automation platform for retailers, raised $37m in Series B financing.
The round was led by Intel Capital with participation from new investors iNovia Capital and OTEAF and existing investors Horizons Ventures and Access Industries. In conjunction with the funding, Director Elana Lian of Intel Capital will join the Rubikloud board.
The company, which has raised $45m to date, will use the funds to expand its offices into Europe and Asia.
Led by Kerry Liu, CEO, Rubikloud provides a cloud-native platform and two flagship applications that automate and improve mass promotional planning and loyalty driven marketing for their multi-billion dollar retailers.
The platform enables automated OLAP data integration with legacy retail applications and data warehouses. This automated integration into a cloud-native environment allows Rubikloud to instantly deploy AI applications that impact a retailer’s bottom line delivering automated instructions to execution layers such as the retailer’s ERP, supply chain system, marketing automation tools, and in-store experiences.
Rubikloud currently works with the world’s largest retailers.