Hammoq Closes $24M Funding Round

Hammoq Inc. is a Phoenix Arizona-based agency that gives an AI-powered platform that permits eCommerce sellers to handle their companies and has raised $24 million in debt and fairness financing.

The brand new spherical of financing, which brings the overall funding to $27 million, was organized by Sierra Ventures, with participation from the corporate’s pre-seed principal buyers Origin Ventures.

The corporate is planning to make the most of the funds to spice up the expansion of the AI and machine-learning platform that may automate listings on marketplaces and open channels for financing resellers and buying merchandise.

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Co-founded by skilled re-commerce trade professionals Sid Lunawat and Ty Blunt, Hammoq supplies a SaaS platform that digitizes resales of products and streamlines on-line listings for patrons to checklist their gadgets and likewise promote extra. Since its inception in 2021, The corporate has been capable of assist the identification and itemizing automation processes for greater than 600,000 merchandise. For liquidators, resellers and thrift retailers, Hammoq allows the resale of misplaced SKUs, returns, and overstocked merchandise.

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