REXai, an Amsterdam, The Netherlands- and Valencia, Spain-based AI-Commerce tech company, raises €1.5m in funding.
The round was led by Newion Investments, with participation from the founder and smart angel investors from the ecommerce and cyber-security industry.
The company is using the funds to expand its marketing/sales team and invest in partnering and connecting with existing commerce and marketing partners.
Led by co-founder and CEO Saeed Younesi and CTO Abhishek Mukherjee, REXai provides commerce solutions that embed artificial intelligence into any existing ecommerce platform enabling companies to easily transform their data into real-time personalization.
Its self-learning systems powered by A.I. work in real-time and on an individual visitor level across all channels.
The company has a team of 17 data-engineers, scientists and software developers.