Fibr, an AI-powered martech business, raised $1.8 million in an early fundraising round headed by Accel Venture Capital. Along with 2AM VC, angel investors Kunal Shah of CRED and Sunil Kumar, the former cofounder of Zenoti, participated in the round as well.
Fibr intends to use the money to improve its technology stack and increase its clientele. The business stated in a statement that it also intended to use the money to hire more people in order to support the departments of engineering, product marketing, and sales.
Fibr is an AI-powered platform that helps marketers lower customer acquisition costs (CAC) and increase conversion rates.
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It was founded in 2023 by Ankur Goyal and Pritam Roy. Pilot, the company’s primary product, assists marketers in creating customised landing pages for advertisements, emails, and SMSs.
Commenting on the fundraise, partner at Accel Prayank Swaroop said, “We’re thrilled to support their vision of an AI-powered personalisation hub that empowers marketeers with greater efficiency and control to deliver superior results.”
Lead by Accel, 2AM VC, angel investors Kunal Shah and former cofounder of Zenoti Sunil Kumar also participated in the round.
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The business intends to employ the money to grow its customer base, improve its AI skills, and hire more people across departments.
Fibr was founded in January 2023 and provides AI-powered martech solutions to assist businesses lower CAC and increase conversion rates.
About Fibr
Fibr is a technology that uses AI to personalise websites and landing pages. It is intended to assist companies in giving each visitor a unique experience without requiring technical know-how.
