Ocula Technologies secures £4m Series A funding from NYO Capital and Jose Luis Gomes to support expansion.
The Series A round was backed by NYO Capital and Jose Luis Gomes to fund growth in the North American market.
Ocula provides artificial intelligence driven technology that generates optimised product copy for online retailers. The platform helps brands across the United Kingdom and the United States improve their commercial efficiency.
Ocula Technologies has secured £4m in a Series A funding round led by NYO Capital and individual investor Jose Luis Gomes. The capital will be deployed to support the business as it pursues expansion into the United States market and enhances its commercial reach.
The latest financing builds upon a previous investment of £3.3m secured in August, which was led by Praetura Ventures. Alongside the funding announcement, Ocula has introduced a new artificial intelligence tool aimed at producing multilingual, search optimised product copy for online merchants.
From the founder
"Bringing in industry experts like NYO and Jose is testament to what we have developed and how much potential people can see in our AI product. Optimised ecommerce product pages are critical to achieving profitable growth and our tool unlocks that for clients effortlessly."
Thomas McKenna
Co-founder at Ocula Technologies
Use of funds
- 01Expand into international markets
Investors
Categories
About the company
Ocula Technologies
Ocula provides artificial intelligence solutions for online retailers to generate optimised product descriptions.