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Pixis (Formerly Pyxis One) Raises $100M in SoftBank Vision Fund 2-led Series C to Grow Its Codeless AI Infrastructure
The Series C round was led by SoftBank Vision Fund 2, with participation from new investor General Atlantic, a leading global growth equity firm. Existing investors Celesta, Premji Invest, and Chiratae Ventures also participated in the round. With the close of its US $17M Series B round just four months prior, Pixis has raised a total of US $124M to date since its inception in 2018.
Founded by Shubham A. Mishra (Global CEO), Vrushali Prasade (CTO), and Harikrishna Valiyath (CBO), the Pixis AI infrastructure leverages self-evolving neural networks to empower over 100 customers worldwide with AI-powered decision-making. Having witnessed a 600% growth since its inception, today, Pixis is uniquely poised to disrupt marketing to make it more agile and data-backed, especially in a world that is speedily heading towards a cookieless web. The SoftBank Vision Fund 2 investment in Pixis confirms that in a cookieless world, Artificial Intelligence could be the big differentiating factor for brands.
Priya Saiprasad, Partner at SoftBank Investment Advisers said, "Marketing is one of the largest spending categories for companies but many of its decisions are still driven by intuition rather than data. Pixis has developed an end-to-end codeless AI infrastructure, that equips teams with cutting-edge data science to automate and improve core processes, from budget allocation to real-time campaign optimization and reporting. We are excited to partner with Shubham and the team to support their mission to make marketing data-backed, intelligent, agile, and effortlessly scalable in the new cookie-less world."
Shubham Mishra continued, "The web going cookieless, in conjunction with decreasing access to the depth of data that was previously available, is a worrisome situation for marketers. In this environment, it is self-evolving neural networks that are proving to be invaluable assets in countering the disruptions to the marketing landscape. We're excited to partner with SoftBank Vision Fund 2 and General Atlantic to make codeless AI infrastructure accessible to every market in the world."
Customers using the Pixis AI infrastructure have witnessed a 20% decrease in acquisition costs on average, in addition to at least 300 hours of manual work saved per month. The alluring factor for customers, however, is definitely the prospect of activating AI in 8 seconds without having to write a single line of code.
"Pixis is on a rapid growth trajectory and the fresh funds will help us far exceed our timelines for that", said Neel Pandya, the company's APAC CEO. "Especially with the introduction of our unique AI plugin, we've recorded enormous growth and retention with our current customer base. The capital will also help us speed up our tech development and bring to market newer products more quickly."
Looking ahead, Pixis aims to add over 200 customizable self-evolving AI models to the infrastructure it offers and has already introduced close to four dozen AI models since its last funding. And now, with the US$100 million Series C funding, Pixis is all set to fast-track tech and AI development.
About Pixis (formerly Pyxis One)
Pixis is a California-based technology company that provides codeless AI infrastructure to enable customers to scale accurate data-driven marketing. The company's codeless AI infrastructure currently comprises over four-dozen proprietary AI models that are deployed across an ecosystem of products and plugins. Pixis is on a mission to provide marketers with robust plug-and-play AI products without them having to write a single line of code.
About General Atlantic
General Atlantic is a leading global growth equity firm with more than four decades of experience providing capital and strategic support for over 445 growth companies throughout its history. Established in 1980 to partner with visionary entrepreneurs and deliver lasting impact, the firm combines a collaborative global approach, sector-specific expertise, a long-term investment horizon, and a deep understanding of growth drivers to partner with great entrepreneurs and management teams to scale innovative businesses around the world. General Atlantic currently has over $86 billion in assets under management inclusive of all products as of September 30, 2021, and more than 215 investment professionals based in New York, Amsterdam, Beijing, Hong Kong, Jakarta, London, Mexico City, Mumbai, Munich, Palo Alto, Sao Paulo, Shanghai, Singapore, and Stamford. For more information on General Atlantic, please visit the website: www.generalatlantic.com.
Related link
https://www.linkedin.com/posts/softbank-investment-advisers_marketing-is-one-of-the-largest-spend-categories-activity-6889927122006106112-_7xh
https://techcrunch.com/2022/01/18/softbank-ai-infrastructure-pyxis-one-pixis/
Media contacts
Brand: Pixis
Contact: Anjali Devaiah, Rishabh Chauhan
Email: anjali@pixis.ai , rishabh@one2en.com
Website: https://pixis.ai/
SOURCE: Pixis
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comPixis (formerly known as Pyxis One), a leading provider of contextual codeless AI infrastructure for complete marketing optimization, today announced it has secured US $100M in Series C funding. Pixis will leverage the fresh funds to help the company rapidly scale its AI platforms and plugins, as well as accelerate expansions across North America, Europe, and APAC.
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STL and Robin.io to Deliver Core Technologies to Empower 5G Stacks for Enterprises and Cloud Service Providers
"Built on the foundation of cloud-native, zero-touch automation and open architectures, the integrated marketplace solution will enable CSPs to deliver new revenue models and accelerate customer onboarding while keeping service delivery costs in check. The marketplace solution, built jointly by STL and Robin.io for service providers and enterprises, will disrupt the way XaaS frameworks are built and delivered," said Partha Seetala, founder and CEO of Robin.io.
STL Enterprise Marketplace is a new-age, platform-based model that simplifies collaboration and has the potential to open up multi-sided marketplace opportunities. STL offers end-to-end software solutions for creating new-age digital services, building new business models, and opening new revenue streams.
The Platform brings together service providers, partners and enterprise customers from different verticals on the same Platform. Robin CNP provides storage, network management and scheduling to run complex network workloads from application vendors and partners across a wide spectrum of use cases. The synergy provides a complete platform for partnership, collaboration and co-creation targeted for enterprise telco customers.
Commenting on the collaboration, Saikat Mitra, COO of STL Network Software, said, "Extreme automation and true cloud-native platforms are key to accelerating digital transformation. In its endeavor to bring innovative XaaS offerings faster to the market, STL has been supporting a hybrid network ecosystem with its 5G Enterprise Marketplace and 5G monetization initiatives. In this strategic partnership, we are bringing our Enterprise Marketplace Platform enabling Robin.io to achieve seamless cloud infrastructure management for multi-datacenter, multi-cloud and multi-edge ecosystems and actualize their vision on 5G, IoT and WiFi."
There is a growing trend amongst the Communication Service Providers (CSPs) to become an enterprise platform provider to leverage the massive opportunities it provides. The STL Enterprise Marketplace Platform, paired with Robin Multi-Data Center Automation Platform (MDCAP) and Robin CNP, equips service providers with the technology needed to break in and dominate the enterprise XaaS market. The collaboration announced today provides telcos an agile, scalable automation solution for 5G designed to help them reduce risk and accelerate time to value.
About STL
STL (Sterlite Technologies Ltd) is an industry-leading integrator of digital networks that helps telcos, cloud companies, citizen networks and large enterprises deliver enhanced experiences to their customers. STL provides end-to-end, 5G-ready solutions ranging from wired to wireless, design to deployment, and computing connectivity. Our core capabilities lie in Optical Interconnect, Virtualised Access Solutions, Network Software and System Integration. For more information on the STL Enterprise Marketplace Platform, please visit www.stl.tech.
About Robin.io
Robin.io provides cloud-native capabilities that automate deployment, scaling and lifecycle management of enterprise and 5G applications on Kubernetes. The company's core technology uses application bundles and application pipelines, which are automated through patented infrastructure and application-topology awareness technology. Robin.io allows developers and platform engineers to deploy and easily manage data rapidly- and network-centric applications-including big data, NoSQL and 5G-independent of underlying infrastructure resources. Robin is used globally by companies including BNP Paribas, Palo Alto Networks, Rakuten Mobile, SAP, Sabre and USAA. Headquartered in Silicon Valley, California, Robin.io solutions are recognized by Gartner, IDC, GigaOm and others for their innovation and reliability. More at www.robin.io and Twitter: @robin4K8S.
Media Contact:
Vijayalaxmi Shinde
vijaya@robin.io
Source: https://tinyurl.com/robinio
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comRobin.io, a leader in Kubernetes data management for enterprise applications and operator 5G solutions, announced a strategic collaboration with STL [NSE: STLTECH], an industry-leading integrator of digital networks, to offer an XaaS as-a-service solution. The XaaS solution will leverage the STL Enterprise Marketplace Platform with the Robin Cloud-Native Platform (CNP) to deliver enterprise applications and 5G services effectively.
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