Vortex IQ funding news – London-based Vortex IQ Secures $1Million in Funding

The goal of Vortex IQ is to use cutting-edge AI technologies to change e-commerce operations, and this funding infusion is a significant step towards that goal.

Industry heavyweights including Nvidia, Krispy Kreme, British Airways – Avios, and Harley Davidson are already among Vortex IQ's clientele, underscoring the company's strong credibility and widespread market presence. With the help of this most recent investment, Vortex IQ hopes to increase its market share in both the US and Europe, strengthen its sales and marketing departments, and hire more AI experts.

With the use of the company's AI technology, retailers may minimise operational downtime by more than 40% while maintaining secure and easy e-commerce management. Vortex IQ's solutions are growing essential as companies, agencies, and developers look for more tools to make data backup, migration, staging, and coding easier.

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Vortex IQ's successful participation in Techstars' Spring 2024 cohort, which was characterised by considerable momentum, precedes this fundraising round. Over the previous six months, the company has grown its customer base organically by double and established significant alliances with Adobe and BigCommerce. The AI-automated staging solutions from Vortex IQ, Dry Run Pro for Adobe Commerce and Shopify, and Staging Pro for BigCommerce, have been embraced by over a hundred merchants.

The CEO and founder of Vortex IQ, Susant Kumar Patro, has almost twenty years of e-commerce and web development experience. His former company, 247-Commerce, is an Adobe Gold Partner that has won awards. His strategic leadership has sparked breakthroughs at more than 500 esteemed businesses.

Susant Kumar Patro, founder, and CEO of Vortex IQ, said, “At Vortex IQ, our mission is to simplify and enhance the e-commerce workflow through innovative AI solutions. By providing e-commerce teams with cutting-edge productivity tools, we help businesses to prioritise their customers, enhance efficiency, and drive profitability, This transformative approach not only ensures superior business outcomes but marks the advent of the next era in retail. The future of commerce is undeniably intertwined with the evolution of AI and automation, propelling the industry towards unprecedented heights. We are delighted to be working with Sure Valley Ventures, one of Europe’s leading AI VCs, and Techstars, to accelerate our growth and deliver on our mission.”

Barry Downes, Managing Partner at Sure Valley Ventures, expressed strong confidence in Vortex IQ’s potential: “Vortex IQ is poised to become a leading player in the e-commerce industry with its AI-driven automation platform. The Company has seen rapid growth in the last six months and is led by a highly impressive repeat founder who has a strong understanding of e-commerce complexities. We are excited to back Susant and his team, as they continue to innovate and disrupt the market.”

Sarah Bain, Managing Director at Techstars, echoed these sentiments: “Vortex IQ is well on its way to transform the e-commerce industry with its AI technology. Susant is an experienced founder that listens to customers and deeply understands the pain points of e-commerce. In the three months that Vortex IQ participated in Techstars Spring 2024 cohort, the company has grown its customer base and is well-positioned for continued expansion as the digital marketplace remains dominant.”

About VortexIQ

Susant Kumar Patro founded VortexIQ, which is well-positioned to profit from the growing need for intelligent automation in the e-commerce industry. Businesses can use the platform's AI-driven diagnostics and automation tools to increase efficiency and improve Customer Lifetime Value (CLV). These tools give actionable insights and smooth deployment.

At VortexIQ, they are motivated by a core conviction that technology has the ability to revolutionise the lives of e-commerce companies and their committed staff. They understand the critical role these people play in the global digital economy, and their goal is to provide them with cutting-edge solutions that reduce risks, save time and money, and empower them.