HomeUSARokt Closes Secondary Funding, Increasing Valuation to US$3.5 Billion

Rokt Closes Secondary Funding, Increasing Valuation to US$3.5 Billion

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Rokt, a NYC-based company which specializes in ecommerce, closed its secondary funding, increasing its valuation to US$ 3.5 Billion.

The company signed a stock purchase agreement forĀ ~US$335MĀ with investors including Tiger Global Management, Square Peg, Barrenjoey and SecondQuarter. Anita Sands, Ph.D., joined Rokt’s Board of Directors.

The company intends to use the funds to expand operations and its development efforts.

Led by CEO Bruce Buchanan, Rokt is a global leader in ecommerce. The company’s AI- and ML-powered Rokt Brain and ecommerce Rokt Network will power more than 6.5 billion transactions connecting 400 million customers across the world’s leading companies, including Live Nation, Macy’s, AMC Theatres, PayPal, Uber, Hulu, Staples, Albertsons and HelloFresh. mParticle by Rokt provides real-time data activation to unlock value across ecommerce, advertising and customer engagement.

The company has offices in 10 global locations and serves clients throughoutĀ North America,Ā EuropeĀ andĀ Asia-Pacific.

FinSMEs

21/01/2025

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