Constructor, a San Francisco, CA-based provider of an AI-powered product discovery and search platform for enterprise ecommerce companies, raised $25M in Series B funding, bringing the company’s valuation to $550M.
The round was led by Sapphire Ventures with participation from existing investor Silversmith Capital Partners.
The company intends to use the funds to accelerate product development and innovation and continue its international expansion.
Led by CEO Eli Finkelshteyn and and Dan McCormick, Constructor provides a search and product discovery platform for enterprise ecommerce where conversions matter. Its AI-first solutions make it easier for shoppers to discover products they want to buy and for ecommerce teams to deliver personalized experiences in real time that drive impressive results. Optimizing specifically for ecommerce metrics like revenue, conversion rate and profit, Constructor generates $10M+ lifts for brands in ecommerce, such as Sephora, Petco, Birkenstock, The Very Group, home24, Grove Collaborative and Fisheries Supply.
FinSMEs
17/06/2024