Nosto, a Helsinki, Finland-based provider of ecommerce personalization and artificial intelligence (AI) tools for retail, closed a USD $7.4m round of funding.
The round, which brought total funding raised to date to more than $25m, was led by Tesi, Open Ocean and Idinvest.
The company intends to use the new funds to invest in its machine learning core, omni-channel personalization and continued international expansion.
Led by Jim Lofgren, CEO, Nosto provides an ecommerce personalization and retail AI platform serving more than 2,500 retail brands in more than 100 countries, Its personalization platform provides deep customer insights that drive real-time personalized shopping experiences across any touch point and any device through patented technology, proprietary machine learning algorithms, vast network of ecommerce data and dedicated customer success team.
The company has offices in New York, Los Angeles, London, Berlin, Paris, Stockholm and Helsinki.