What is cloud.IQ?
Founded in 2012, cloud.IQ operates as an AI and machine learning-powered automated conversion rate optimization platform tailored for e-commerce businesses. With a global footprint including offices in London, Silicon Valley, Sydney, Madrid, and Cardiff, the company leverages advanced technology to enhance online sales performance. Its core offering focuses on providing actionable insights and automated solutions to improve user experience and drive conversions for online retailers.
How much funding has cloud.IQ raised?
cloud.IQ has raised a total of $16.3M across 3 funding rounds:
Other Financing Round
$6.2M
Series A
$4.9M
Private Equity
$5.3M
Other Financing Round (2012): $6.2M with participation from Bridges Fund Management
Series A (2017): $4.9M led by Finance Wales, Juno Capital, and Nauta Capital
Private Equity (2017): $5.3M supported by Finance Wales, Juno Capital, Nauta Capital, and Paypal
Key Investors in cloud.IQ
Finance Wales
Finance Wales, now the Development Bank of Wales, provides crucial business finance solutions, including equity finance, for companies in Wales, with a focus on technology ventures and economic growth.
Juno Capital
Juno Capital is a specialist alternative asset manager focusing on venture capital and other niche asset classes for high-net-worth individuals and family offices.
Nauta Capital
Nauta Capital is a venture capital firm that invests in early-stage B2B software companies across Europe, with a focus on sectors like RetailTech, Fintech, and AI/ML.
What's next for cloud.IQ?
The recent major strategic investment indicates cloud.IQ is poised for accelerated expansion and further technological development. This capital infusion is likely to fuel enhancements in its AI and machine learning capabilities, potentially broadening its market reach and deepening its service offerings. The company's focus on conversion rate optimization positions it to capitalize on the growing demand for data-driven e-commerce solutions, suggesting a future centered on scaling operations and solidifying its leadership in the competitive online retail technology landscape.
See full cloud.IQ company page
