FERMÀT, a Bay Area-based AI-native commerce platform, has raised $45 million in a Series B funding round led by VMG Partners, with participation from QED Investors, Greylock, Bain Capital Ventures and Courtside Ventures.
According to a news release, the funding will support FERMÀT’s growth, helping expand its agency partner program and scale its proprietary commerce graph and data infrastructure. The company is working to enable enterprise brands and agency partners to deliver personalized, AI-driven shopping journeys without the need for large engineering teams or high costs.
Since its Series A, FERMÀT has increased its annual recurring revenue fivefold and significantly grown its team.
“This funding round cements FERMÀT's opportunity to define the category of commerce experiences expertly tailored to each shopper. We’ve moved beyond validating our core business mechanics to securing our position as a category leader. We believe that within a few years, every commerce experience — from ads to agentic shoppers to in real-life placements — will be powered by our personalized commerce technology,” Rishabh Jain, CEO of FERMÀT, said in a statement.
