Indianapolis-based PERQ has received a $5 million round of funding. The support includes participation from 10 Indiana investors. They are: Elevate Ventures, Collina Ventures LLC, former Indianapolis-based T2 Systems executives, former ExactTarget Chief Marketing Officer Tim Kopp and the co-founders of Greenwood-based One Click Ventures.
The company provides technology that deals with digital consumer engagement and shopping behavior. In 2016, it received a $1.7 million round of funding from 4G ventures in Indianapolis. Chief Executive Officer Andy Medley says "this round is especially gratifying as it comes from over nine leaders in our community, the Indianapolis tech corridor – leaders who know how to recognize a game-changing technology when they see it. This investment will enable us to enter new industries that desperately need an easy-to-implement AI-driven solution that improves the consumer experience, drives traffic in-store and increases profits."
PERQ says more than 1,000 customers in automotive, multi-family and home furnishings verticals currently partner with PERQ. The company says it has notched a year-over-year revenue increase of 170 percent. The latest capital infusion, PERQ says, will support the expansion of its Artificial Intelligence-driven software-as-a-service used by what it describes as "big ticket retailers." You can connect to more about the announcement by clicking here.