NEW YORK, March 12, 2020 — Remesh, the software company utilizing artificial intelligence to reinvent the way organizations conduct research, today announced $25 million in Series A2 funding after three years of 2.5x year-over-year growth. The funding round was led by General Catalyst, with participation from LionBird (Series Seed lead), North Coast Ventures, and several new external investors. To date, Remesh has raised over $38 million in its push to transform the market research industry. The funding will fuel its continued expansion and launch of its newest 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. “The team has consistently delivered against their product and growth objectives and are building an exceptional team. We see a lot of potential here for Remesh’s AI-driven technologies to completely remake the research industry.”
92% of executives believe that organizational agility is critical to business success, yet only 27% consider themselves highly agile. Research teams are under more pressure than ever to iterate, learn and test quickly, while incorporating the customer voice. Remesh 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 are able to speed up innovation cycles and uncover what customers or employees want – allowing them to build better products, messaging, and organizations. The company’s new platform is a result of years of feedback from some of the world’s largest brands, launching with features such as a single-click topline export report after the session.
“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.”
Recently, the company began its hiring push and welcomed its new VP of Marketing, Ginny Lobel, to lead the company’s strategy and vision as it relates to marketing and demand generation. Additionally, they welcomed a new VP of Delivery, Adam Donato, who is responsible for the professional services team. The addition of high-level expertise across the company will help Remesh accelerate focus on its delivery of new solutions across the research industry. The funding will further team growth and Remesh’s U.S. expansion by opening up a new Cleveland office, where the company was originally founded, later this year.
For more information on Remesh and its offerings, visit www.remesh.ai.
Remesh is a software company disrupting the $71 billion market research industry. Its platform allows clients to have a live conversation with up to 1,000 customers at once, using AI to analyze and organize the audience’s responses in real-time. More than 600 companies trust them with their insights, such as Deloitte, Barclays, and Mercer. To date, 2 million insights have been enabled by the Remesh platform. For more information visit: www.remesh.ai.