Synerise, a deep-tech company specializing in AI-driven
behavioral modeling and big data solutions, has announced a
significant $8.5 million investment
from VTEX (NYSE: VTEX) and renowned business angels as part of its
Series B+ funding round. This strategic investment will bolster
Synerise's expansion into new markets and reinforce its position as
a global leader in behavioral AI.
NEW
YORK, July 6, 2024 /PRNewswire-PRWeb/ --
Synerise, a deep-tech company specializing in AI-driven behavioral
modeling and big data solutions, has announced a significant
$8.5 million investment from VTEX
(NYSE: VTEX) and renowned business angels as part of its Series B+
funding round. This strategic investment will bolster Synerise's
expansion into new markets and reinforce its position as a global
leader in behavioral AI.
Synerise provides advanced AI and big data technology solutions
to over 150 markets. The company's clients include industry leaders
in retail, banking, eCommerce and other industries. It delivers
more than 1 billion AI-driven autonomous decisions daily. Synerise
is one of the largest big data platforms in Europe, recognized and awarded by Google,
Microsoft, and the Financial Times.
By partnering with VTEX, the composable and complete commerce
platform for premier brands and retailers, Synerise will enhance
its global reach and innovation capabilities. VTEX, a company
listed on the New York Stock Exchange, is trusted by major global
brands, including Carrefour, Colgate, Motorola, Sony, Stanley Black & Decker, and Whirlpool. With
3,500 active online stores in 43 countries, VTEX enables brands and
retailers to build their omnichannel strategy by connecting
different channels and a wide commerce ecosystem, ensuring faster
time to market and lower total cost of ownership, while delivering
more efficiency, less maintenance, and smarter IT investments.
VTEX chose the Polish company Synerise as the AI technology
foundation to power the AI functionality of the VTEX Platform and
its ecosystem.
"We are thrilled to welcome VTEX as a strategic partner" said
Jaroslaw Królewski, founder and CEO of Synerise. "This investment
validates our technology and vision, providing us with the
resources to accelerate our growth plans. Together with VTEX, we
will empower businesses to unlock the full potential of AI-driven
customer engagement and achieve unparalleled success in the digital
commerce landscape."
Geraldo Thomaz, founder and
co-CEO of VTEX, commented, "We are impressed with Synerise's
technology and team. By far, it is the best model for behavior
prediction that we had the opportunity to test. We believe Synerise
can consolidate the infrastructure layer for companies developing
AI solutions. AI providers will consolidate as fast as cloud
providers consolidate. We see Synerise as the core for the AI
retail world."
Synerise and VTEX have announced a deep technological
cooperation. This alliance will integrate Synerise's AI-driven
behavioral prediction models with VTEX's commerce platform,
providing VTEX's enterprise customers with enhanced AI
capabilities. VTEX and Synerise signed a term sheet that aggregates
a commercial and share-based agreement. VTEX will develop AI
products and add-ons based on the BaseModel™ (Synerise's prediction
technology).
VTEX connects over 1,000 system integrators and independent
software vendors, and more than 6,000 VTEX IO extensions created by
third parties, enabling comprehensive solutions for its customers
with an impressive speed of implementation. This powerful ecosystem
will be trained to deploy Synerise-powered solutions integrated
with the VTEX Platform.
This partnership positions both companies to lead the future of
AI-powered commerce, enabling businesses to leverage data and
real-time insights to personalize customer experiences, optimize
marketing campaigns, and drive sales.
Synerise also announced new shareholders, including Marcin Zukowski, co-founder of Snowflake, and
Simon Hay, former CEO of dunnhumby.
This expansion of the shareholder base supports Synerise's growth
into new markets from its roots in Poland and Eastern
Europe to becoming a global leader in behavioral AI.
"Our new shareholders play major roles in the tech and data
world, and their involvement signifies our ambitions for the
future" said Królewski.
Following this investment, Synerise is now valued at over
$120 million USD. The company employs
over 200 people.
About Synerise
Synerise is a deep-tech company founded in 2013 in Krakow,
Poland, with offices in
Warsaw, San Francisco, and Dubai. The company provides advanced
and proprietary AI and big data technology solutions in more than
150 markets, supporting over 1 billion AI-driven autonomous
decisions daily. Synerise offers a SaaS platform that allows
organizations to store, process, and analyze data in real-time,
leveraging AI to personalize experiences, predict future trends,
and optimize business operations. Synerise is science-oriented,
focusing on developing the best AI talent in the region. Beyond its
commercial platform, the company offers open-source projects that
benefit various industries beyond its core markets, including
cancer drugs and generic medications development. Synerise won
multiple awards for its achievements in AI and behavioral modeling,
and consistently delivers state-of-the-art results. Synerise also
actively supports educational initiatives, scientific research, and
community projects. For more information about Synerise and its
advanced AI and big data technology solutions, visit
synerise.com
About VTEX
VTEX (NYSE: VTEX) is the composable and complete commerce
platform that delivers more efficiency and less maintenance to
organizations seeking to make smarter IT investments and modernize
their tech stack. Through its pragmatic composability approach,
VTEX empowers brands, distributors, and retailers with unparalleled
flexibility and comprehensive solutions, enabling them to invest
solely in what provides a clear business advantage and boosts
profitability. VTEX is trusted by 2,600 global B2C and B2B
customers, including Carrefour, Colgate, Motorola, Sony,
Stanley Black & Decker, and
Whirlpool, having 3,500 active online stores across 43 countries
(as of FY ended on December 31,
2023). For more information, visit www.vtex.com.
Media Contact
Jaroslaw
Krolewski, Synerise, 48 507760147, office@synerise.com,
synerise.com
View original content to download
multimedia:https://www.prweb.com/releases/synerise-strengthens-growth-strategy-with-new-8-5-million-investment-in-series-b-round-302189896.html
SOURCE Synerise