CoreMedia Snares Funding, Hopes To Grow In North America

CoreMedia, a global content management platform, has received new funding from a group led by OpenGate and including Capital Silicon Valley Bank. The details were not disclosed. 

The Hamburg-based company offers a product called CoreMedia Content Cloud that helps firms deliver real-time product information across channels, it says. 

The investment will help CoreMedia deploy artificial intelligence to automate repetitive tasks and provide consumers with personalized shopping experiences, it claims. It hopes to accelerate growth in North America, among other places.

Brands require “agile, open solutions that help orchestrate their brand assets from any source to deliver synchronized digital experiences to any touchpoint — including online, mobile, in-store, out-of-home, programmatic advertising and video,” states Sören Stamer, CEO and co-founder of CoreMedia.

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