Capillary Technologies raises $20M from Sequoia Capital and others

By : |February 21, 2018 0

Capillary Technologies, cloud-based software solutions company that enables retailers to intelligently engage with their customers, raised approximately $20 million over the past year from its existing investors, including Warburg Pincus and Sequoia Capital.

With these funds, Capillary expects to strengthen its new product development, powered by Artificial Intelligence and Machine Learning catering to Asia and other upcoming emerging markets. The company also plans to invest behind the newly launched Consumer Goods vertical with its industry-leading solutions.

“More than 70 percent of these funds would be devoted to research and development powering all our products with AI. We’re also looking to further strengthen our presence in China and the Middle East, besides penetrating further into Southeast Asia. We will soon be opening our second office in China at Guangzhou and then another at Beijing later this year,” said Aneesh Reddy, Co-founder and CEO, Capillary Technologies.

                                 

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“Going beyond retail, we are expanding into adjacent industry – Consumer Goods (FMCG) which has a close affinity to retail. We are well poised with our solutions and innovations to help the consumer goods brands reach and effectively engage with their customers (retailers) and end consumers through digitization,” he further added.

Capillary claims that its cutting-edge solutions have been used by more than 300 marquee brands across 25,000 stores in last 10 years in over 30 countries to enable easy and seamless consumer experiences.

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