Teikametrics Raises $15 Million to Extend Its AI Multi-Channel Optimization

Teikametrics, a leading SaaS provider of AI-powered optimization for brands and sellers on Amazon and Walmart, announced the completion of a $15 million strategic funding round backed by new and existing investors. The announcement follows Teikametrics' selection as one of Walmart's first exclusive advertising optimization partners, and the addition of Srinivas Guddanti, a 14-year senior Amazon veteran, as its Chief Product Officer. "We're thrilled to lead this new round of capital in Teikametrics" Jump Capital led the round and were joined by follow-on investments from Granite Point Capital, MIT Professor of Econometrics, Jerry Hausman, and the former Head of Growth at Facebook and Uber, Ed Baker. "We're thrilled to lead this new round of capital in Teikametrics," said Michael McMahon, founding partner of Jump Capital. "The Company has grown rapidly, and the success of its proprietary AI technology for Amazon is a strong proof point for a broader ecommerce platform opportunity. The partnership with Walmart is a landmark event and we are excited to fund the expansion of the Teikametrics platform across multiple ecommerce channels."