Former Kroger exec’s startup raises $35M Series B

An artificial intelligence startup founded by a former Kroger executive announced Tuesday that it raised a $35 million Series B round of funding – less than one year after it’s $11 million Series A.

Deerfield Township-based Vndly, co-founded by former Kroger Co. head of corporate strategy and integration Shashank Saxena and Narayana Surabhi, former general manager at Cincinnati IT firm CSC, raised the $35 million round led by a new investor, New York-based Insight Partners. The round was joined by the startup’s Series A investors in Battery Ventures, Hyde Park Venture Partners, Epic Ventures, Bowery Capital and the Cintrifuse Syndicate Fund, along with ServiceNow.

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Story excerpt provided by Cincinnati Business Courier.

Written by Andy Brownfield.

Originally published December 17, 2019.

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