Remesh, an AI-enabled agile market research platform, raised $25 million in a Series A2 funding round.
The funding round was led by General Catalyst, with participation from LionBird, and North Coast Ventures.
According to the company, the new funds will fuel its expansion and help launch its AI-powered agile research platform.
“Remesh has built a powerful platform to help market intelligence researchers cut the time it takes to get to the insights they need,” said Adam Valkin, managing director, General Catalyst.
92% of executives believe that organizational agility is critical to business success, yet only 27% consider themselves highly agile.
Remesh is disrupting the $71 billion market research industry. The Remesh software enables organizations to speak directly to up to 1,000 of their target audience live and gain insights from qualitative information at scale. The platform leverages machine learning to analyze and organize the responses in real-time. As a result, teams can speed up innovation cycles and uncover what customers or employees want – allowing them to build better products, messaging, and organizations.
To date, 2 million insights have been enabled by the Remesh platform. The company’s clients include Deloitte, Barclays, and Mercer.
“Tightening constraints of time, manpower and resources are rendering traditional market research paradigms obsolete. Today’s executives and insights teams need a new way to understand people. We’re excited to be driving a modern, AI-based solution to change the way companies conduct research and engage employees,” said Andrew Konya, Co-Founder and CEO of Remesh.
“This round of funding helps bring us closer to a world where anyone can instantly understand a population.”
Including the latest funding round, Remesh has raised over $38 million to date.