Cloud4Wi Secures $11.5 Million Series B

October 2, 2017
Series B

Company will ramp Volare, its AI-driven, location analytics and marketing platform that enables brick-and-mortar businesses to understand and engage mobile users

SAN FRANCISCO – October 2, 2017 – Cloud4Wi, a leader in the location analytics and marketing platform industry, announced the close of a $11.5 million Series B financing round, bringing the total investment in the company to $15.5 million. The round was co-led by Opus Capital and United Ventures. Gill Cogan, general partner at Opus Capital, has joined Cloud4Wi’s Board of Directors. With this new funding, Cloud4Wi will invest in product development, boost its sales and marketing efforts, further develop its global channel partner network, and expand its machine learning expertise.

Businesses are seeking ways to better understand and engage their on-premise customers and to grow their revenue. Volare leverages their existing wireless networks and provides immediate results,” said Andrea Calcagno, CEO and co-founder of Cloud4Wi. “This capital will enable us to accelerate our expansion and to continue our machine learning investment to build the value of our solution.

The Prada Group now uses Volare in about 500 stores worldwide. The platform provides Prada with the foundation to build a comprehensive customer view and personalization of each in-store experience with both digital and human touch.

Volare is also used by leading companies such as Adecco, Bulgari, Burger King, Clarks, Gruppo FS Italiane, Liverpool, the Moscow City Government, Olive Garden, and VTB24.

Cloud4Wi addresses one of the biggest issues currently facing businesses; by combining the best of the online and offline shopping experiences,” said Gill Cogan, general partner at Opus Capital. “With the Volare platform, strong customer adoption, and a clear strategic vision, Cloud4Wi is uniquely positioned to lead this rapidly emerging market. We are excited to continue to back the team as they scale and bring new capabilities to the world’s top brands.

Cloud4Wi was recently identified as a representative vendor in the first Gartner “Market Guide for Indoor Location Application Platforms” report (1).

About Cloud4Wi

Cloud4Wi offers Volare, a location analytics and marketing platform designed for understanding and engaging mobile users. With Volare, clients can leverage existing wireless networks to build their business. Volare is distributed through channel partners and connects more than 65 million mobile users across 15,000 locations in more than 80 countries. Customers include Adecco, Bulgari, Burger King, Clarks, Gruppo FS Italiane, Liverpool, the Moscow City Government, Olive Garden, and VTB24. The company is based in San Francisco, and has offices in New York, Dallas, London, Paris, Milan, Pisa, Rome, and Manila.

To learn more about Cloud4Wi and its products, please visit the website here.

(1) Gartner, Inc. “Market Guide for Indoor Location Application Platforms” by Annette Zimmermann, Tim Zimmerman, 21 August 2017.

Gartner Disclaimer:

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

To learn more, visit Gartner’s website here: https://www.gartner.com/doc/3788563/market-guide-indoor-location-application

For media inquiries, please contact:

Elena Briola
Cloud4Wi
ebriola@cloud4wi.com
Tel: +1 415-852-3900

Jay Nichols
Nichols Communications
jay@nicholscomm.com
Tel: +1 408-772-1551

Related Press Releases

scott ackerman

Cloud4Wi appoints Scott Ackerman as Chief Operating Officer and Board Member

Learn More
salesforce appexchange

Cloud4Wi Announces Cloud4Wi App on Salesforce AppExchange, the World’s Leading Enterprise Cloud Marketplace

Learn More
passerini

Former P&G Global Exec and Innovation Leader, Filippo Passerini, Joins Cloud4Wi’s Advisory Board

Learn More
NRF 2020

Cloud4Wi’s showcase at NRF 2020 enables retailers to supercharge the customer experience

Learn More
salesforce app

Cloud4Wi Named a “Visionary Leader” in the 2019 WiFi Analytics Market Report by MarketsandMarkets

Learn More
digital360 awards 2019

Digital Transformation: The PerDormire Project by Cloud4Wi Wins the Digital360 Awards 2019 for CRM and Solutions for Marketing and Sales

Learn More