Hypersonix, a San Jose, CA-based provider of an AI-driven autonomous analytics platform, raised $11.5M in Series A funding.
The round was led by Intel Capital with participation from existing investors. In conjunction with the funding, Vijay Reddy, investment director at Intel Capital, will be joining the Hypersonix board of directors.
The company intends to use the capital for the expansion and deployment of its Autonomous AI Analytics platform within consumer commerce industries, including retail, restaurant, hospitality, e-commerce, consumer-packaged goods (CPG) and manufacturing.
Founded by serial entrepreneur and former SAP executive Prem Kiran and also led by Rama Rao, former MIT research faculty member for advanced analytics, as well as former PayPal and Intuit data executive, and Todd Michaud, a former IBM executive and former president at Retalix, Hypersonix leverages innovations in Machine Learning (ML), Natural Language Programming (NLP) and real-time data computing to provide an autonomous analytics and decisioning platform transforming consumer commerce data. Its predictive and prescriptive analytics can measure and monitor business results, clarify why results are occurring, and recommend actions to drive improvements.