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Penny Ai Raises $27 Million Series B To Accelerate The Transformation Of Social Commerce Enablement Platforms

Jun 01, 2022about 3 years ago

Amount Raised

$27 Million

Round Type

series b

Vancouver

Description

Penny AI, a global leader in data-driven social commerce enablement, announced today a $27 million investment led by PSG, a growth equity firm partnering with software and technology-enabled services companies to help accelerate their growth, with participation from Acronym Venture Capital and ScaleUP Ventures. This latest Series B round of funding was oversubscribed.

Company Information

Company

Penny Ai

Location

Vancouver, Washington, United States

About

Penny AI is a social commerce enablement platform, purpose-built for brands to empower the modern social seller. The data-driven unified platform leverages AI to enable sellers with an automated repeatable process, ongoing learning and business intelligence, resulting in exceptional customer experience and measurable sales growth. For more information visit: Website LinkedIn

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech