CoreMedia Receives Majority Investment from OpenGate Capital

Funding Rounds

▤ Summary

This new investment also includes contributions from Silicon Valley Bank – a subsidiary of SVB Financial Group. The company intends to use the funds to accelerate growth in North America and beyond and to leverage artificial intelligence (AI) to automate repetitive tasks. Led by Sören Stamer, CEO and Co-Founder, CoreMedia provides the Content Cloud, which blends real-time product information with multimedia marketing content and delivers personalized product messaging across a variety of digital channels. The company seeves global brands in a range of industries including retail, media, manufacturing, telecom, public sector and luxury goods. Leading global B2C companies (Deckers, Luxottica, PVH Corp, Finnair, T-Mobile) and B2B firms (Continental, Claas, Emerson, DMG-Mori) create digital experiences powered by the company’s solutions.

$ Funding

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Amount - Total raised
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Date November 5, 2019 Announcement date
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Investors OpenGate Capital LLC Lead investors
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Company http://www.coremedia.com Funded company

▥ Classifications

industries
No industries detected
applications
Web and Content Management

◇ AskAI Classifications

Labels
Digital Experience Platform Content Management System AI-powered Personalization

▦ Linked Companies

CoreMedia
$1M to $5M