Teikametrics, a Boston-based eCommerce software company, has raised $40 million in Series W funding from a group of investors led by the Boston based venture capital firm Accomplice. New investment brings total raised by Teikametrics to $95 million and is set to fuel its growth as an industry leader in eCommerce optimization technology. The company’s AI-powered platform helps online retailers and brands optimize advertising campaigns across channels such as Google Shopping, Amazon Advertising, and Facebook Ads. It also provides insights into why certain campaigns perform better than others and suggests ways to maximize returns on ad spend. With this new round of funding, Teikametrics bostonbased 40m serieswiggersventurebeat plans to expand its product suite and accelerate its go-to-market strategies.
Who is Teikametrics?
Teikametrics is a Boston-based startup that provides artificial intelligence software to help retailers and brands optimize their advertising efforts on Amazon.com. The company was founded in 2013 by two former Amazon employees who saw an opportunity to use machine learning to automate managing Amazon ad campaigns.
The Teikametrics platform analyzes data from Amazon’s ad platform and recommends improving ad spending, targeting key customers, and increasing sales. The goal is to help brands and retailers save time and money on their Amazon advertising while driving better results.
Teikametrics has raised $15M in funding from various investors, including Boston-based VC firms. In 2018, the company was named one of Forbes’ “25 Most Promising AI Companies” and one of Inc. magazine’s “50 Best Workplaces for Innovators.”
What do they do?
Teikametrics provides retailers with an AI-powered platform that optimizes ad spending and conversions across all digital channels. The company was founded in 2013 by two former Amazon employees, serial entrepreneur Nickolas Bakalov and data scientist Vladimir Shakhov.
How much money did they raise?
Teikametrics, a Boston-based startup that provides artificial intelligence-powered software to help brands optimize their ad spending on Amazon, has raised $M in Series W funding from Boston-based investors.
This round of funding was led by Underscore VC, with participation from other local investors, including Founder Collective, Accomplice, and Glasswing Ventures. This brings Teikametrics’ total funding to $M to date.
According to Crunchbase, this latest round of funding was raised on May 10, 2018, and the deal size was not disclosed.
Who are their investors?
Teikametrics’ investors are a group of Boston-based investors, including Fidelity Investments, Polaris Partners, Underscore VC, and Accomplice.
What is the future of Teikametrics?
The future of Teikametrics is looking bright! With this new funding, they will be able to continue their mission of helping brands and retailers grow their online businesses. Additionally, they will be able to expand their team and continue to innovate their product.iWe’re excited to see what the future holds for Teikametrics!
Teikametrics’ $40M Series W funding round is a huge success and a great opportunity to continue its mission of helping brands succeed in eCommerce. With this new investment, Teikametrics will be able to accelerate its growth and extend its reach even further than before. The teikametrics bostonbased 40m serieswiggersventurebeat investors have recognized the potential that Teikametrics has with their data-driven approach, and it looks like they are betting on long-term success.
We look forward to seeing what innovative solutions Teikametrics comes up with next!