Rokt, the leading ecommerce technology using AI and machine learning to make transactions more relevant to each shopper, today announced that it has closed a USD$325 million Series E funding round led by Tiger Global, bringing the company’s valuation to USD$1.95 billion. The tech unicorn will use the new funding to invest in R&D, international expansion and strategic acquisitions. Other participants in the round included Wellington Management, Whale Rock Capital Management, Pavilion Capital and existing shareholder Square Peg.
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