Monday, May 7, 2012

RichRelevance Raises $20M

San Francisco-based RichRelevance, which develops personalization software used by e-commerce retailers and others to recommend relevant products, said today that it has raised $20M in a new funding round. The round was led by Crosslink Capital, and also included Greylock Partners, Draper Fisher Jurvetson and Tugboat Ventures. David Silverman of Crosslink joins the company's board of directors. RichRelevance said it will use the funding to accelerate growth with expansion into new markets, introduction of new product innovations and research and development. More information »