Constructor, the AI-powered product discovery and search platform, has closed a $25 million Series B round, boosting its valuation to $550 million. This funding milestone reflects Constructor’s rapid growth and underscores its commitment to advancing ecommerce through innovative AI technology.
- Series B Funding and Growth
- Valuation reaches $550 million, nearly tripling since 2021 Series A.
- Total funds raised exceed $85 million, with Sapphire Ventures leading the round.
- Focus on accelerating product development and international expansion.
- Impact and Milestones
- Doubled revenue consecutively for three years.
- Facilitated over 100 billion shopper interactions in the past six months.
- Expanded headcount by 45% and customer base by 50% in the last year.
- Product Innovations and Recognition
- Introduction of AI Shopping Assistant (ASA) and award-winning AI solutions.
- Expansion across Europe, Middle East, and Africa (EMEA), tripling revenue since 2022.
- Highest client retention rate at 98.5% in the industry.
- Customer Success and Industry Validation
- Significant ROI and performance improvements for leading brands like Petco and Under Armour.
- Recognition in Forrester Wave™ as a leader in commerce search and product discovery.
Constructor’s CEO, Eli Finkelshteyn, emphasizes ongoing commitment to customer-centric innovation. With new funding and strategic partnerships, Constructor aims to enhance ecommerce experiences globally through advanced AI technologies.