Ocula Secures £4 Million in Series A Funding
Belfast, 18th October - Ocula, a groundbreaking provider of AI-driven eCommerce solutions, has achieved a significant milestone by successfully completing its £4 million Series A funding round. This remarkable round of investment features contributions from well-known entities such as NYO Capital and the esteemed tech industry leader Jose Luis Gomes. This strategic investment marks a pivotal moment for Ocula, as it prepares to embark on an exciting journey of growth and expansion. Interestingly, this funding comes on the heels of a previous investment of £3.25 million led by Praetura Ventures back in August, indicating robust investor confidence in Ocula's future potential.
Jose Luis Gomes, who plays a critical role in this funding success, brings an impressive background with him, having previously led Google Cloud’s North American Retail & Consumer division.
His extensive experience also includes advisory roles on several boards, including CapitalG, which is Alphabet’s independent growth fund. Prior to his tenure at Google, he was instrumental in steering Dunnhumby's North American operations. With such a rich background in scaling businesses and navigating the complex landscape of data-driven retail, Gomes is poised to be a valuable asset for Ocula as it continues its ambitious expansion plans.
Moreover, NYO Capital joins Ocula’s burgeoning portfolio of investors, marking its inaugural foray into the European market. Co-founded by an industry veteran who has a proven track record with Kennet Partners, NYO Capital is dedicated to supporting founder-led software companies. This investment is particularly significant as it aligns with NYO Capital's commitment to facilitating Ocula's growth in the U.S. market, where it aims to enhance the company's visibility and reach within the highly competitive North American eCommerce landscape. In conjunction with this investment, Ocula has also unveiled a revolutionary feature designed to improve eCommerce product descriptions, creating premium product pages that resonate with both search engines and brands alike. As Thomas McKenna, Co-founder of Ocula Technologies, aptly states, “Bringing in industry experts like NYO and Jose is testament to what we have developed and how much potential people can see in our AI product.”
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