The funding helps the company’s valuation quadruple to $200M. Here are the top-line bullets you need to know.
Hypersonix, an enterprise AI startup, has raised $46.5M in a Series B. The round drew participation from Intel Capital, Happiness Ventures, Firebolt Ventures, B Capital Group, and Magicus Ventures.
How’s the company performing?
- California-based Hypersonix is an artificial intelligence-based analytics platform that helps businesses analyze consumer commerce data. Its clients include Giant Eagle, Intel, Armada, KFC, and Global Partners.
- The company recently partnered with Relationshop to combine its AI-based shopper insights with Relationshop’s Digital Experience Platform.
Why does the market matter?
- The enterprise AI market is projected to grow at a CAGR of 35.4% to reach a value of $53.1B by 2026, according to Allied Market Research.
- AI companies raised a record $33B in equity funding in 2020. As commercial applications of AI scale rapidly, enterprises want to become “AI-first” by upgrading their existing data management and IT infrastructure.