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Rubikloud Raises $37M in Series B Funding

Rubikloud Raises $37M in Series B Funding
Credit: rubikloud.com

Rubikloud Technologies, Inc., announced today that it has raised $37 million in a Series B financing round led by Intel Capital, with new investors iNovia Capital and OTEAF participating. Existing investors Horizons Ventures and Access Industries also contributed to the round.

The Rubikloud platform enables automated OLAP data integration with legacy retail applications and data warehouses. According to the company, by deploying Rubikloud’s promotion manager or lifecycle manager, retailers can see material uplifts to promotional revenue, inventory stock-out rates, and loyalty revenue. The Rubikloud platform delivers automated instructions to execution layers, including the retailer’s ERP, supply chain system, marketing automation tools, and in-store experiences.

Rubikloud will use the new funding to expand its offices into Europe and Asia to meet demand for retail artificial intelligence solutions to the growing global market.