New York based AI personalization startup Clinch secured $10 Million in funding

Clinch, a New York based Artificial Intelligence (AI) omnichannel personalization and unique consumer intelligence platform, has recently secured $10 million in a Series A funding round.

Clinch is founded by the Oz Etzioni. New York based startup provides brands and agencies with omnichannel creative solutions. The AI startup leverages data and Artificial Intelligence (AI) to automate, optimize and personalize ad experience at scale, across over the top (OTT), programmatic, linear addressable, social media, in-app, native, audio, and digital out of the home.

Dan Adler, D Squared Capital, said, "Clinch has carved out a new space within the creative technology landscape, one that supports the convergence of data, creative, and media planning across a multitude of brand verticals and objectives. This investment is a testament to their clear-cut longevity, proven by their ability to future proof against a rapidly changing media ecosystem."

Oz Etzioni, the CEO, Clinch, said, "2020 was an extraordinary year that disrupted virtually every aspect of the advertising industry in terms of consolidation, consumer behavior, and brand needs and objectives that amplified the need for creative automation, personalization, and efficiency. From day one, our mission has been to provide innovative data-driven solutions that empower all digital media stakeholders, and deliver campaign outcomes that go far beyond flat metrics, such as CTR. Our ability to anticipate advertiser needs and build the right tools and platforms for full funnel campaign objectives is why brands like Chewy, Nespresso, and Anheuser Busch InBev rely on Clinch to deliver hyper-relevant branded experiences to their customers, across all channels."

The D Squared Capital led the latest funding round. To date, Artificial Intelligence (AI) startup has raised a total of $17 Million in four funding rounds including the latest funding round, according to CrunchBase.

New York based Clinch, as of now, has plans to use the new funds for its global growth. The newly raised funds will be also used for its upcoming launch of data-driven personalization at-scale solutions, built for the new identity environments and emerging digital commerce channels with advanced consumer intelligence, notes the announcement.