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FERMÀT raises $45M in Series B funding led by VMG Partners to enhance AI-driven commerce experiences for brands.

Jun 11, 2025•about 2 months ago

Amount Raised

$45 Million

Round Type

series b

San FranciscoInformation Technology

Investors

Courtside VenturesBain Capital VenturesGreylockQed InvestorsVmg Partners

Description

FERMÀT has announced the completion of a $45 million Series B funding round led by VMG Partners. This investment will help accelerate the platform's mission to provide hyper-personalized commerce experiences. Other contributors include QED Investors, Greylock, Bain Capital Ventures, and Courtside Ventures. With this funding, FERMÀT aims to empower brands to deliver tailored shopping journeys.

Company Information

Company

FERMAT

Location

San Francisco, California, United States

About

FERMAT is a startup that provides a seamless end-to-end shopping experience for consumers and greater advertising performance for commerce brands using AI and machine learning. It was founded in November 2021 by Rishabh Jain and Shreyas Kumar, former LiveRamp product and engineering executives.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech