Morning Report: Paris-based ecommerce analytics platform, ContentSquare, raises $42 million from Canaan Partners and others.
Paris-based business analytics startup, , raised a whopping $42 million聽聽announced over the weekend. The round was led by California-based , which focuses investments in early-stage ventures. Other participants included and .
Prior to its Series B, the company raised a $20 million聽 in 2016, which brings its known total funds raised to $62 million.
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Founded by Jonathan Cherki in 2012, ContentSquare is an ecommerce analytics service which supplies businesses with data about user experience via customized dashboards. Organizations can then use the insights gained from ContentSquare to improve user engagement. With website organization, accessibility, and all significant factors in the consumer experience, platforms like ContentSquare potentially offer ecommerce-focused businesses substantial money-saving advantages.
, Cherki said that the long-term vision for the company is to fully automate its services with artificial intelligence. He believes that what sets ContentSquare apart from other companies is its ability to both identify and offer solutions to potential problems. The European startup intends to use its latest round of funding to expand its global presence, with a particular focus on the U.S. market, according to .
颁辞苍迟别苍迟厂辩耻补谤别’蝉听蝉耻产蝉肠谤颈产别谤蝉, , include Walmart, Tiffany&Co., Clarks, Volcom, and L鈥橭real, among others.
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