Coveo raises $172M


Canadian AI SaaS enterprise solutions company Coveo has raised $172 million (C$227 million) in funding. The investment was led by Omers Growth Equity, with participation from Evergreen Coast Capital, Elliott Management’s Menlo Park, California-based private equity affiliate, FSTQ, and IQ.

Coveo has 1,500 activations in mid-to-large sized global organizations across multiple industries, according to the company website.

[Image courtesy: Coveo]