Announcing our $30M Series B funding
A Letter from our CEO, Bobby Marhamat
To our amazing customers, teammates, partners, and friends,
We are beyond excited to announce that we’ve raised $30M in Series B funding, led by 8VC and Atomic Ventures. This investment lets us reimagine the in-store experience for brick-and-mortar, innovate our product roadmap, and scale our global team to move our business up-market to become a best-in-class solution for enterprise organizations.
With this investment we are officially the most funded company in our space, with a total raise of $50M – A signal that the world is ready to reinvest in brick-and-mortar tech to enable organizations to deliver a more meaningful customer experience. An experience that amplifies their brand, that gets more product off the shelf, that motivates back of house employees to bring their best to work, and that ultimately keeps their customers coming back.
We created Raydiant as a digital signage company with a mission to modernize the brick-and-mortar tool stack so that brands can thrive in our new experience-driven world. But now, we’re so much more. We’ve evolved as the leader in the in-location experience management space, with a full-service platform powered by AI. The pandemic has changed the way we shop and engage with brands, and brick-and-mortar organizations need to evolve if they’re going to keep their doors open. But they can’t do it alone. We’re thrilled to receive support from partners who value our mission to support brick-and-mortar in a way that no one else can.
We’re toasting to each and every one of you who helped us get here – our now over 4,500 customers across the globe, our investors, our incredible team of Rays, and our supporting families. A special thank you to our new and returning investors: Lerer Hippeau, Broom Ventures, Expanding Capital, Gaingels, Mark Wahlberg, Illuminate Ventures, Beaconsfield Ventures, West Ventures, XRC – thank you for being part of our Raydiant family.
We have big adventures ahead – including scaling our team by 100 Rays in 2022 (check out our open roles on our careers page) – and can’t wait to share our progress with you.
CEO of Raydiant