New York-based content creators and retail technology company Stylitics has secured $15 million in Series B funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced Aug. 26.
According to its Crunchbase profile, "Stylitics is the leading visual merchandising technology for retailers and brands, powering their outfitting, styling and visual merchandising programs across all channels. Our cloud-based platform and technology replace the decades-old spreadsheet and Photoshop-based processes used by 99% of retailers with an automated, data-driven and visual alternative that is 200 times faster and 20% of the cost."
The 8-year-old company has raised six previous funding rounds, including a $100,000 debt financing round in 2017.
The round brings total funding raised by New York companies in design over the past month to $1.4 billion, an increase of $1.3 billion from the month before. The local design industry has produced 104 funding rounds over the past year, raking in a total of $2.4 billion in venture funding.
In other local funding news, developer platform and robotics company Ready announced a $5 million Series A funding round on Aug. 27, led by BITKRAFT Esports Ventures.
According to Crunchbase, "Ready opens games creation to the world, with over one million makers and players. The Ready Games app delivers three brand-new mobile mini games every week that anyone can play to win cash prizes."
The company also raised a $475,000 seed round in 2016.
Meanwhile, location based services company PlaceIQ raised corporate round funding, announced on Aug. 27. The round was financed by Experian.
From the company's Crunchbase profile: "For brands seeking to understand consumer behavior, PlaceIQ connects physical and digital activities across time, space, and mobile devices to uncover opportunities to learn and connect with audiences. PlaceIQ is a powerful, location-based audience and insights platform that organizes a wide variety of consumer activity data around a precise location-based map at a massive scale. PlaceIQ uses its detailed understanding of location and consumer activity to reach a targeted audience, and also to derive powerful insights about consumer behavior to inform market and business strategies for national brands."
PlaceIQ last raised funding in 2016.
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