R4 Technologies, a Ridgefield, Connecticut-based artificial intelligence startup, secured $20m in Series B funding.
The round was led by Pilot Growth Equity.
The company intends to use the funds to support new client acquisition and continued innovation to meet growing market demand.
Led by Paul Breitenbach, founder and CEO, r4 Technologies provides a cloud platform that applies AI across all enterprise functions and incorporates diverse data and augments functional silos and existing IT infrastructures, allowing companies to identify and capitalize on previously unseen revenue and profit opportunities.
Clients include Fortune 500 companies and large organizations across private and public sectors including Consumer Packaged Goods, Retail, Financial Services and Technology.
The company has operations in New York, San Francisco, Austin, Washington D.C., Dublin, Munich and London.