https://techcrunch.com/2020/06/16/zycada-emerges-from-stealth-with-19m-and-a-bot-that-speeds-up-e-commerce-and-other-interactive-services/

Shopping cart abandonment — when a person shopping online moves away from a site or mobile app before completing a sale — remains one of the biggest hurdles to e-commerce, with some 70% of all visits with an intention to buy never resulting in actual transactions. Now, a startup called Zycada is emerging from stealth to help address that, with bot-based technology that speeds up how quickly the interactive elements load up on e-commerce sites to help online retailers — which number somewhere between 12 million and 24 million sites globally — work as well or even faster than Amazon, the quintessential bull in the e-commerce shop. In addition to coming out of stealth today, it’s announcing $19 million in funding and a new CEO, James Brear, to grow the business.

The round is being led by Kholsa Ventures, with Cervin Venturers and Nordic Eye Venture Capital also participating. Prior to today, according to PitchBook data, it looks like the company had raised just under $11 million in early stage funding, and it’s not disclosing its valuation.