Capillary Technologies, a Bangalore, India-based provider of a SaaS customer engagement solution provider for large enterprises, has raised $15.5m in Series A funding.
The round was led by Norwest Venture Partners and Sequoia Capital, with participation from exsting investor Qualcomm Ventures.
In conjunction with the funding, Mohan Kumar of Norwest and Shailesh Lakhani of Sequoia have joined the company’s board.
Capillary intends to use the capital to bolster its presence in the U.S. market (where it recently opened offices in Palo Alto, CA) and enhance its product portfolio.
Founded in August 2008 by CEO Aneesh Reddy, the company provides cloud-based software solutions that help retailers to intelligently engage with customers through mobile, social and in-store channels. Capillary’s suite of Intelligent Customer Engagement™ solutions offers real-time, high quality data capture, actionable analytics, and instant cross-sell solutions.
Customers include – among others – Pizza Hut, Puma, United Colors of Benetton, Mothercare, Robinson’s, Store21, Sunglass Hut and Nike.
In addition to the funding, Silicon Valley veteran Anil Pereira, CEO of Verious and former EVP of VeriSign and VP of American Express, has joined the company as strategic advisor.
FinSMEs
25/09/2012