AI powered customer insights startup, GroupSolver secured $2 Million

GroupSolver, a California based AI powered customer insights startup, has now secured $2 million in funding round.

GroupSolver is founded by the Rasto Ivanic. It is a market research technology company with operations in two cities that is Slovakia and Utah. The company has built an intelligent market research platform that helps businesses answer their questions with confidence by combining crowd intelligence and machine learning.

Caitlin Wege, President of Tech Coast Angels San Diego, said, "Rasto and the team think consciously about their business decisions, keeping financial viability at the forefront, while delivering growth. This new capital infusion comes at the perfect time; the launchpad is in place; now, it is time to lift off and reach further into the market with product expansion, and distribution. GroupSolver has always been agile; this will add speed and continued innovation."

Boris Kostík, Director at WOOD & Company, said, "GroupSolver has shown a stellar operational and financial performance since its founding in 2014. Its unique capabilities in providing insights to global leaders such as Adidas, Amazon, Google, or IRi provide a truly solid foundation for future growth. The transaction was conducted as an increase in the company's equity capital, which is aimed to accelerate GroupSolver’s expansion of its SaaS offering and service delivery capabilities."

The Eterus Capital led the latest funding round. Other participating investors include Tech Coast Angels and some other contributors.

The company, as of now, has plans to use the new funds to scale its AI offering for online surveys. It will also help the company to maintain its pace with market demand and provide customer demanded product features, notes the annoncement. 

PC: Pablo, Unsplash