Punchh, which us a customer marketing solutions for the physical retailers, has now secured $40 million in the funding round of Series C funding round led by the Sapphire Ventures and Adams Street Partners, with the participation from the Alliance Bernstein.
The company revealed that the new funding will now be going to be sued for the further argument Punchh’s AI capabilities as it expands into some of the new verticals such as the physical retail segments and convenience stores.
Shyam Rao, CEO of Punchh, said,
“Our platform gives retailers an unparalleled understanding of how customers engage with their brand in the real world, along with the ability to use that understanding to create AI-powered experiences that keep customers coming back for more.”
“Punchh is the undisputed leader in this category. They work with the biggest brands, have the most sophisticated technology, and drive real results for their customers,” said Robin Murray, Partner at Adams Street Partners.