Stratifyd receives $10mn debt-financing from CIBC Innovation Banking


CIBC Innovation Banking

Customer Analytics Company Stratifyd has received a third injection of funds in the form debt-financing from CIBC Innovation Banking. The additional capital will be used by the company to facilitate future growth and help position itself for new partnership opportunities with more Fortune 500 enterprises.

It is the third booster of funds pumped into the company by the investors. In February this year, the company received investment worth $4 million from Florida-based venture capital firm Arsenal Growth. Previously, the company had seen series B investment of $25mn, which was led by Georgian Partners, along with participation from previous investors.

The recent strategic injection of capital from CIBC has brought the total venture financing received by Stratifyd to date to $50mn, according to a company’s report.

Stratifyd provides end-to-end customer analytics to enterprises worldwide. The company’s AI-powered platform analyses, categorizes, and visualizes structured and unstructured data in minutes to surface unknown insights which can be used to tailor marketing efforts, increase customer acquisition and retention, improve products and services, thereby boosting revenue.

There’s a wide variety of customers across the globe from various verticals, ranging from financial services and healthcare to consumer-packaged goods and retail, who use Stratifyd’s AI insights.

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