CHARLOTTE – Stratifyd, a Queen City startup focusing on the use of Artificial Intelligence in data anayltics, has raised $10 million in new debt financing.
Backing Stratifyd is Canada-based CIBC Innovation Banking.
The funds will be used to help drive future growth, Stratifyd says.
“Stratifyd has built an innovative and powerful AI platform and is well poised for continued growth,” said Amy Olah, Executive Director of CIBC Innovation Banking, in the announcement.
Stratifyd raised $9 million earlier this year.
Stratifyd is a rapidly-growing technology company that provides data science research-grade analytics solutions to companies worldwide. Its customers include companies such as Prudential, Etsy and Masco, according to a story from North Carolina Business News Wire that was published in WRAL TechWire.
The company was built around the customer feedback loop to help businesses increase customer acquisition and retention.
In 2015, the company officially launched its first Fortune 500 customer, Lenovo. Three years later, the company has evolved from an AI platform to an end-to end customer engagement solution.
“We’re thrilled about this investment as it will help us achieve our goals by giving us the ability to hire top talent to help expand our solution’s capabilities and attract new clients,” said Derek Wang, CEO, Stratifyd. “Debt financing is especially humbling because it shows that an investor not only believes in Stratifyd and our vision for growth, but also sees the value of our platform.”DRAF