The completed deal combines the two companies’ complementary strengths in hospitality marketing tech solutions.
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The round was led by Growth Equity at Goldman Sachs Alternatives, with participation from CapitalG and Evolution Equity Partners, among others.
The raise follows a substantial year of growth for the blockchain-focused financial technology provider.
Among other initiatives, the funding will allow the company to advance its AI engine, Merlin AI.
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If you want to get your bearings in the San Francisco tech scene, start by familiarizing yourself with these companies.
The startup’s funding underscores investor appetite for tools that give AI systems longer-term recall and context.
The company aims to produce chips at scale using its own lithography machines.
The company announced its IPO pricing Wednesday at $25 per share, putting its valuation at roughly $6.2 billion.
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