Ocula announces £4 million Series A funding round alongside new AI powered e-commerce solution

UK-based AI driven e-commerce solution provider, Ocula Technologies, has closed a £4 million Series A funding round.

The includes investments from NYO Capital and Jose Luis Gomes, and follows a £3.25 million led by Praetura Ventures in August.

Gomes brings a wealth of experience from his role leading Google Cloud’s North American Retail & Consumer division. He also holds positions on numerous advisory boards, including that of CapitalG, Alphabet’s independent growth fund.

Prior to Google, he worked at dunnhumby, leading its North American operations.

And the investment marks NYO Capital’s first venture into the European market. The firm says that it is committed to bolstering Ocula’s expansion in the US market, enhancing its visibility and reach in the North American e-commerce landscape.

In tandem with this funding, Ocula has launched a new feature designed to enhance e-commerce product copy that creates best-in-class product pages. The AI driven tool creates search optimised, brand aligned copy at scale, tailored for multi-language support. Oculas platform is used by brands like AO.com, Blain’s Farm & Fleet, Coty and various other retailers in the US and the UK.

“Bringing in industry experts like NYO and Jose is testament to what we have developed and how much potential people can see in our AI product. Optimised e-commerce product pages are critical to achieving profitable growth and our tool unlocks that for clients effortlessly,” says Thomas McKenna, Co-founder at Ocula Technologies.

2024 RTIH INNOVATION AWARDS

AI is a key focus area for the sixth edition of the RTIH Innovation Awards, which is now open for entries.

The awards, sponsored by Scala, CADS, 3D Cloud, Brightpearl by Sage’s Lightning 50, and Retail Technology Show 2025, celebrate global tech innovation in a fast moving omnichannel world.

Key 2024 dates

Friday, 25th October: Award entry deadline 

Tuesday, 29th October: 2024 shortlist revealed

30th October-6th November: Judging days

Thursday, 21st November: Winners announced at the 2024 RTIH Innovation Awards ceremony, to be held at RIBA’s 66 Portland Place HQ in Central London.