UAE – Mubasher: Retail technology solutions provider Pathfinder has invested $325 million from Silver Rock Group, according to a press release.
This transaction aligns with Pathfinder's expansion and growth trajectory ahead of its initial public offering (IPO) for NASDAQ listing during the fourth quarter (Q4) of 2024.
Silver Rock Group will provide Pathfinder with up to $325 million over the next three years, starting Q4-24. This financial backing is poised to back the continuous development and global rollout of the RetailGPT platform.
RetailGPT is a revolutionary digital platform powered by Gen AI that acts as an extension of physical stores into the digital world.
Sadique Ahmed, CEO of Pathfinder, commented: "This funding enables us to pursue ambitious growth plans and innovate at scale. We are eager to advance our journey, pioneering new ways for retailers to engage with their customers."
Meanwhile, the capital will enhance Pathfinder's capacity for innovation and broaden its market reach, anchoring its role as a frontrunner in the Phygital Commerce sector.
Furthermore, Pathfinder will accelerate its development, expand into new markets, and refine its technology stack better to serve the evolving demands of the retail industry.
