Evolv Technologies, a provider of Artificial Intelligence-driven A/B testing platform for websites, has secured USD10 million in a series A funding round. The San Francisco-based company also acquired Sentient Ascend, a spinoff from Sentient Technologies and also appointed Michael Scharff, who served as CEO at various firms like Sears Canada, Toys R Us, Staples, Best Buy, and other retailers. The funding round was reportedly led by Horizons Ventures.
According to the reports, Evolv will utilize this fresh capital to keep scaling the Ascend business, growing its engineering and data science teams and expanding capability within its sales and customer success operations to meet the rising demand of the customer. Ascend Software-as-a-Service (SaaS) platform allows businesses to test out manifold iterations of a web page at once, leveraging Machine Learning algorithms to find out each one’s most promising elements, those that transform most consistently. Several market player enterprises utilize Ascend to accelerate their website testing and optimization programs. Seated in San Francisco, Evolv has direct sales and representative offices in Austin, Amsterdam, Tokyo, Seoul, and Brisbane. The company also collaborated with a number of leading agencies, consultancies and system integrators, including Cognizant, Rakuten Marketing LLC Group, Intralink, and Neural Digital, to deliver Ascend solutions to enterprises globally.
Horizons Ventures’ and chairman of the board of Evolv, Bart Swanson said that we’re delighted to have Michael join and lead the team at Evolv to further accelerate the growth of the Ascend business. He further added that having lived in the shoes of our customers, he’s uniquely positioned to understand and serve their complex needs and as a result, further accelerate the company’s revenue growth.”