Rubikloud raises $46.5 mln in Intel Capital-led Series B round
Rubikloud Technologies Inc said it raised about $46.5 million (US$37 million) in an oversubscribed Series B financing led by Intel Capital and joined by new investors iNovia Capital and OpenText Enterprise Apps Fund. Existing investors Horizons Ventures and Access Industries also participated. The Toronto company, which develops decision-automation software using artificial intelligence for the retail industry, has now raised US$45 million. It will use the money to expand in Europe and Asia. Rubikloud was founded in 2013 by Kerry Liu, the company's CEO, in partnership with Dan Theirl and Frank Thomas. It is also backed by MaRS Investment Accelerator Fund and several angel investors.
3 January 2018•1 min read
