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[Funding News] CA-based Constructor Raises $25Mn Series B Funding

Constructor, the only AI product discovery platform designed explicitly for e-commerce retailers, has raised $25M in Series B funding, bringing the company’s valuation to $550M.

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The Funding round was led by Sapphire Ventures with participation from existing investor Silversmith Capital Partners. The $25 million investment will drive product innovation and international expansion, helping ecommerce companies further personalize product discovery experiences that delight customers.

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With this new capital, Constructor will continue to accelerate product development and innovation applying the cutting-edge clickstream-based AI it pioneered to further improve ecommerce product discovery and continue its rapid international expansion. The fresh funds also cap off record-setting growth and momentum for the company – with proof points of recent success.

Eli Finkelshteyn, CEO and Co-founder of Constructor, said: “We’re very proud of this fundraise, but it’s important for us to remember that it’s only a symptom of doing good work for our customers. If we don’t use this to do better for them, then we’re missing the point. We started Constructor off with what, at the time, seemed like a crazy idea to most of our industry: that learning shoppers’ preferences via AI can give them a far better search and product discovery experience than simply matching on the keywords they type. We believe putting AI at the core of our system from the beginning has played a large role in the successes we’ve been able to bring our customers — but also believe there’s always room to serve them better, and that’s the main thing we want to use this investment for. Our success will always be a symptom and function of theirs. And through our partnerships with Sapphire Ventures and Silversmith Capital Partners, we’re extremely excited to build out more ecommerce functionality and expand to additional geographies — driving more value for our customers around the world.”

About Constructor

Constructor was founded in 2015 by Eli Finkelshteyn and Dan McCormick to ease the pain of implementing compelling search experiences. Unlike other product search and discovery platforms, machine learning is in Constructor’s DNA, bringing dynamic personalization to the customer experience.

Constructor’s cloud-based solutions use natural language processing, machine learning, collaborative personalization, and Generative AI to deliver powerful user experiences across all facets of product discovery from search to browsing, recommendations, collections, merchant intelligence, quizzes, attribute enrichment, and AI shopping assistant.

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