Funds for Retail Intelligence Firm GoSpotCheck

In the US, retail intelligence specialist GoSpotCheck has raised $21.5m in a Series B1 round of funding, which it will use to add artificial intelligence and machine learning to its field management platform.

The Denver, CO-based firm helps clients collect, structure and share retail intelligence via mobile apps and web systems which automate the reporting of field data collection, and streamline their surveys, audits and reports. New funding has been led by existing investors Insight Venture Partners and Point Nine Capital, and brings the total raised to date to $47.5m. The latest round follows a $16.5m Series B investment in September 2016.

CEO Matt Talbot (pictured) comments: 'At GoSpotCheck, it's our mission to provide companies with tools that enable their employees to do great work and stay ahead of the competition with real-time insights and intelligence in the field. In the last year, we have had 100% year over year growth and data captured through our software has increased by nearly 200%. With this latest round of funding, we will be able to further expand innovation in the technology of our products and maintain the operational growth of the business which is crucial to our continued success'.

Web site: www.gospotcheck.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.