Everseen, an Ireland-based developer of AI-powered inventory management, has raised EUR 65 million (USD 71.32 million) in a Series A round led by Crosspoint Capital Partners. The funding round brings the company’s total funding to nearly USD 90 million.  

The funds will be invested in scaling Everseen’s business with a “targeted” roadmap.

Analyst QuickTake : The new funding round will support EverSeens’ growth-focused initiatives. The company recently launched an expanded suite of products to supplement its existing solutions and expanded its technology partner program to integrate computer-vision AI into existing solutions used by retailers. Additionally, the company also recently announced that it has doubled its store installations across US, Europe, and Australia.