Bloomreach Raises Additional $175MM and Doubles Valuation to $2.2 Billion
Bloomreach, the "commerce experience cloud" provider, announced that they had secured an additional round of $175MM in funding at a valuation of $2.2 billion.
According to reporting by Bloomberg, the company will use the additional funding for international expansion and to add more personalization features.
Despite this high valuation, Bloomreach's CEO, Raj De Datta said that there is still significant opportunity for market growth.
Bloomoreach platform helps organizations create better e-commerce experiences through improved engagement, better discovery via search and recommendations, and content.