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Constructor Raises $25M Series B Led by Sapphire Ventures, Tripling Valuation to $550M

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New capital will fuel further product innovation and international expansion — helping ecommerce companies transform product discovery with AI

SAN FRANCISCO, June 17, 2024 /PRNewswire/ — Constructor, the leading AI-powered product discovery and search platform for enterprise ecommerce companies, today announced that it has closed a $25 million Series B round, bringing the company’s valuation to $550 million. This marks a nearly triple valuation since its 2021 Series A and brings total funds raised to date to more than $85 million. Sapphire Ventures led the round with participation from existing investor Silversmith Capital Partners. With this new capital, Constructor will continue to accelerate product development and innovation — applying the cutting-edge clickstream-based AI it pioneered to further improve ecommerce product discovery — and continue its rapid international expansion.

The oversubscribed Series B round came at a time when Constructor was not actively fundraising. The fresh funds also cap off record-setting growth and momentum for the company – with proof points of recent success, including:

Doubled revenue for the third year in a row.Powered more than 100 billion shopper interactions over the past six months, enabling some of the world’s biggest businesses to drive hundreds of millions of personalized experiences every day.Increased headcount by 45% over the past year.Increased overall customer base by 50% over the past year. Leading ecommerce companies and household names — including Under Armour, Petco, Sephora, Birkenstock, Target Australia and many more — use Constructor’s AI to improve how buyers search for and discover the best items for them.Maintained an average 98.5% client retention rate over the last three years, by far the highest in the industry.Unveiled AI Shopping Assistant (ASA), an award-winning conversational product discovery tool blending generative AI with Constructor’s personalization technology.Expanded internationally — particularly across Europe, the Middle East and Africa (EMEA), where it has tripled revenue since 2022 and increased customer-facing headcount by 133% since the beginning of this year.

“In today’s competitive ecommerce environment, having a powerful AI search solution that can best capture shopper intent is crucial to driving topline revenues — yet until now, existing tech has remained rudimentary,” said Rajeev Dham, Partner at Sapphire Ventures, who will be joining as a Board Director. “With more than a decade of experience in the field, Eli and the team at Constructor have developed a state-of-the-art, AI ecommerce search engine that has delivered best-in-class ROI for many household enterprise brands. We are incredibly excited to partner with the team as they set a new standard in powering a hyper-personalized shopper experience.”

Eli Finkelshteyn, CEO and Co-founder of Constructor, said: “We’re very proud of this fundraise, but it’s important for us to remember that it’s only a symptom of doing good work for our customers. If we don’t use this to do better for them, then we’re missing the point. We started Constructor off with what, at the time, seemed like a crazy idea to most of our industry: that learning shoppers’ preferences via AI can give them a far better search and product discovery experience than simply matching on the keywords they type. We believe putting AI at the core of our system from the beginning has played a large role in the successes we’ve been able to bring our customers — but also believe there’s always room to serve them better, and that’s the main thing we want to use this investment for. Our success will always be a symptom and function of theirs. And through our partnerships with Sapphire Ventures and Silversmith Capital Partners, we’re extremely excited to build out more ecommerce functionality and expand to additional geographies — driving more value for our customers around the world.”

Constructor is well-positioned to continue its relentless pace of product innovation, helping customers apply multiple types of AI — including advanced algorithms, machine learning, large language models, transformers, natural language processing, generative AI and more — to improve product discovery while optimizing for ecommerce metrics that matter. Even as many retailers are tightening their belts under current economic conditions, there has been strong and escalating demand for Constructor’s platform, with companies doubling down on their investments to improve the customer experience. Customers report results including: 16.5% increase in average order value, 247% increase in revenue per visit, 13% increase in search conversions, 92% increase in recommendations conversions, a $40 million increase in revenue, greater than 20x ROI and more.

Leading pet health and wellness retailer Petco recently turned to Constructor to power and personalize search results, browse experiences, product recommendations and landing pages across its website and mobile app — driving a 13% increase in ecommerce conversions and 4% increase in site-wide revenue.

“The thing we liked about Constructor was that not only was it real AI, specifically made for our industry, but that their AI is incredibly transparent,” said Tony Gabriele, Vice President of Digital Strategy, Petco. “None of it is black box – so we don’t have to guess what it’s doing or why – and when we have questions, the Constructor team is always happy to talk us through it. We evaluated every vendor on the market, and Constructor was just different. The system is easy to use, the team is motivated and delightful to work with, and most importantly, it paid for itself plus the cost of switching in less than a year after we implemented it.”

According to a Forrester blog, “Improving product discovery is one of the most effective ways to have a meaningful, positive impact on digital metrics, with a clearly attributable return and relatively low investment (in terms of cost for tech and time to value).” Constructor’s technology and vision play a key role in this, and Constructor was recently ranked highest in the strategy category in “The Forrester Wave™: Commerce Search And Product Discovery, Q3 2023.”

“AI-first companies like Constructor are leading a shift in software away from simply offering workflow management, towards delivering business results,” said Silversmith General Partner, Sri Rao. “We are encouraged by the company’s ability to maintain its dedication to innovation and customer success while navigating rapid growth since our initial investment, and are excited to both expand our commitment as well as welcome Sapphire Ventures as Constructor enters the next phase of growth.”

About Constructor
Constructor is the only search and product discovery platform tailor-made for enterprise ecommerce where conversions matter. Constructor’s AI-first solutions make it easier for shoppers to discover products they want to buy and for ecommerce teams to deliver personalized experiences in real time that drive impressive results. Optimizing specifically for ecommerce metrics like revenue, conversion rate and profit, Constructor generates consistent $10M+ lifts for some of the biggest brands in ecommerce, such as Sephora, Petco, Birkenstock, The Very Group, home24, Grove Collaborative and Fisheries Supply. Constructor is a U.S.-based company that was founded in 2015 by Eli Finkelshteyn and Dan McCormick. For more, visit: constructor.com

About Sapphire Ventures
Sapphire is a global software venture capital firm with more than $10 billion in AUM and team members across Austin, London, Menlo Park and San Francisco. For over a decade, Sapphire has partnered with visionary management teams and venture funds to back companies of consequence. Since its founding, Sapphire has invested in more than 170 companies globally resulting in more than 30 Public Listings and 45 acquisitions. The firm’s investment strategies — Sapphire Ventures, Sapphire Partners and Sapphire Sport — are focused on scaling companies and venture funds, elevating them to become category leaders. Sapphire’s Portfolio Growth team of experienced operators delivers a strategic blend of value-add services, tools and resources designed to support portfolio company leaders as they scale.

About Silversmith Capital Partners
Founded in 2015, Silversmith Capital Partners is a Boston-based growth equity firm with $3.3 billion of capital under management. Silversmith’s mission is to partner with and support the best entrepreneurs in growing, profitable technology and healthcare companies. Representative investments include ActiveCampaign, Appfire, Apryse, DistroKid, impact.com, Iodine Software, LifeStance Health, Onbe, and Webflow. For more information, including a full list of portfolio investments, visit www.silversmith.com or follow the firm on LinkedIn.

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Sivers Semiconductors Expands Global Market Reach Through Strategic Agreement with WT Microelectronics

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Partnership leverages WT Microelectronics’ network of 25,000 customers across approximately 43 countries, expanding the global reach of Sivers’ InP lasers and wireless solutions

KISTA, Sweden, Nov. 11, 2026 /PRNewswire/ — Sivers Semiconductors AB (NASDAQ: SIVE) today announced a global distribution agreement with WT Microelectronics Co., Ltd. (TWSE: 3036), a world-leading electronics and semiconductors distributor.

With a 15% global market share, WT Microelectronics will serve as a strong global distribution partner for Sivers’ InP (Indium Phosphide) lasers and wireless beamformer products and solutions, connecting its product portfolio and availability at scale with customers globally. The agreement supports Sivers’ efforts to expand its commercial reach in markets where demand for optical technologies and high-capacity wireless connectivity continues to grow.

“WT is a global leader in electronics and semiconductors distribution. Partnering with WT Microelectronics and becoming their first laser line card gives Sivers access to an established global distribution network, strong demand creation capabilities and the ability to support production ramp fulfilments at scale,” said Vickram Vathulya, CEO of Sivers Semiconductors. “The WT partnership commitment is an indication of the strength of the innovation and scale Sivers is bringing to the ecosystems in AI infrastructure, SATCOM and defense.”

According to the Yole Group, InP continuous-wave DFB lasers for the AI photonics market is set to grow at 63% annually to $43.5B by 2031. And among the various applications for mmWave BFICs, the LEO (low earth orbit) SATCOM market is a fast-growing segment, where the Yole Group sees an expected growth of up to $1.2B by 2031.

“We are pleased to add Sivers’ CW lasers and wireless beamformer technologies to our portfolio. These solutions address important and expanding markets, including AI data center connectivity, satellite communications, and next-generation wireless,” said Joseph Cheng, SVP of Marketing at WT Microelectronics. “Our global distribution network and established customer relationships position us to bring these technologies to customers seeking advanced connectivity solutions. We look forward to working with Sivers to capitalize on these market opportunities.”

For more information, please visit https://www.sivers-semiconductors.com/. 

About Sivers Semiconductors

We are Critical Enablers of a Greener Data Economy with Energy Efficient Photonics & Wireless Solutions. Our differentiated high-precision laser and RF beamformer technologies help our customers in key markets such as AI Data Centers, SATCOM, Defense, and Telecom solve essential performance challenges while enabling a much greener footprint. Visit us at: www.sivers-semiconductors.com.

About WT Microelectronics

WT Microelectronics is a global top three electronic components distributor with end-to-end capabilities and a diversified geographic presence across Asia Pacific, the Americas and EMEA. Founded in 1993 initially as a Taiwan-based semiconductor components distributor, WT Microelectronics’ position is further strengthened by the acquisition of Future Electronics to become a truly global player. Together with Future Electronics, WT Microelectronics is partnering with over 400 suppliers across major technology segments to serve a highly diversified customer base of over 25,000 customers worldwide. Additional information about WT Microelectronics can be found at https://www.wtmec.com/.

Forward-looking statements

This press release contains forward-looking statements, including statements regarding expected orders, the timing and scale of the customer’s production ramp, deliveries, market development and revenue potential. Such statements are based on current expectations and are subject to risks and uncertainties, including the customer’s production plans, end-market demand and Sivers’ manufacturing capacity, which could cause actual results to differ materially. Sivers undertakes no obligation to update any forward-looking statements, except as required by applicable law.

CONTACT:

Media Contact   
Tyler Weiland 
Shelton Group
+1-972-571-7834
tweiland@sheltongroup.com

Company Contact
Heine Thorsgaard
CFO 
ir@sivers-semiconductors.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/sivers-semiconductors/r/sivers-semiconductors-expands-global-market-reach-through-strategic-agreement-with-wt-microelectroni,c4422591

 

 

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SOURCE Sivers Semiconductors

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The Tech Show 2026 Sets the Stage for a Smarter 2027 with Next-Generation Home and Lifestyle Technology

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Tech into the New Year from 13-15 November 2026 at Suntec Convention Centre Levels 3 and 4, with exclusive shopping rewards, and a celebration of gaming and pop culture – from esports to trading card games and collectibles – at the co-located Game Fest 2026, organised by C2E4.

SINGAPORE, Nov. 11, 2026 /PRNewswire/ — A smarter home, a refreshed workspace or a gift worth unwrapping: The Tech Show 2026 puts everyday upgrades and festive finds in the spotlight at Suntec Convention Centre from 13 to 15 November 2026. Under the tagline “Tech into the New Year”, the three-day event invites visitors to discover and shop year-end tech upgrades for Work, Home and Play.

Organised by COMEX-IT Group Pte Ltd, the team behind Singapore’s biggest consumer tech exhibitions such as IT SHOW, Consumer Electronics Exhibition (CEE) and COMEX, The Tech Show 2026 showcases lifestyle tech brands across home appliances, connected living solutions, ergonomic furniture, gaming gear and IT. Visitors can experience products in person, compare their options and enjoy exclusive show offers as they tick off their year-end wish lists. Participating brands include:

1MORE, ACER, AFTERSHOCK, ASUS, AIBI, BEST DENKI, CR GROUP, DREAMCORE, DYSON, ECOVACS, ERGOTUNE, FOUR STAR, GIGA, GOODLIVING, GOOGLE, HINOMI, HISENSE, HONOR, HYDROFLUX, JISULIFE, LENOVO, LIVINGCARE, MIDEA, MOWE, PHILIPS, PRISM+, ROBOROCK, RUHENS, SAMSUNG MOBILE, SECRETLAB, SINGTEL, SHARK NINJA, STARHUB, TINECO, TCL, TORRAS, TOSHIBA, TRIDENT AIR, TTRACING, ULTI and more.

New Launches

Among the new launches at this year’s edition of The Tech Show are the Hisense C3 Ultra 4K Triple Laser Mini Projector, bringing entertainment to screens of up to 300 inches, and the TTRacing TILVO Active Tech Desk, designed to adapt to different working positions. TTRacing also introduces its ORA Sofa Chair BT21 Collection, featuring characters created through LINE FRIENDS’ collaboration with global pop group BTS. Available at The Tech Show in KOYA and RJ designs, the chairs combine powered reclining, swivel and rocking functions for everyday relaxation.

Homegrown brand PRISM+ will also unveil a new series of monitors in an all-white design, aimed at Mac users and those who favour minimalist desk setups. The range has a monitor for every kind of desk, from everyday work and casual gaming to professional editing on its new 6k flagship. Visitors can experience the monitors firsthand at the show, where further details and preorder pricing will be announced.

At home, the Tineco S6 Stretch Extreme II reaches beneath furniture with its 180° lay-flat design, while the Airlift Fusion concealed automated laundry rack combines heated drying, three-tone lighting and a UV function in a space-saving design. Other launches include the Mowe Skin Care+ Water Heater, Aerogaz’s latest slim kitchen hood and the GENESIS P800FMax 24K Gold Limited Edition digital lock, bringing added convenience and distinctive design to everyday spaces.

Check Out of 2026, Check Into 2027

Bringing the year-end shopping festivities to life, The Tech Show 2026 introduces the “67” Cashback Bonanza, offering shoppers two ways to be rewarded.

Under the 67 Tiered Rewards, shoppers can receive $50 in cash rebates with spending of $3,000–$5,000, $100 with spending of $5,001–$10,000, or $200 with spending above $10,000. Up to three same-day receipts may be combined, with rewards limited to the first 67 customer redemptions per tier daily.

Alternatively, shoppers can also participate in the “Spot ’67’. Score $67.” challenge through the 67 Lucky Cash Rebate. Those who spend at least $67 in a single same-day receipt, with the digits “6” and “7” appearing consecutively in the final receipt amount, can qualify for a chance to receive a $67 cash rebate. This option is limited to 67 lucky winners throughout the show.

The “67” theme also extends to participating exhibitors’ offers, from 67% discounts to deals limited to 67 sets. Highlights include the 1MORE S31 Earbuds at $39, down from $119 and limited to 50 sets, while selected TTRacing Maxx Gaming Chairs — Pain, Itachi and Tobi Editions — will be available at $276, down from $839, at 67% off for the first 67 minutes.

For festive gifting, the Secretlab TITAN Extra Extra Small in Plush Pink will be available at $120, compared with its usual price of $419, with no minimum spend for the first 67 customers. Home upgrades include the Yu Home YU STEAM PRO™ Cordless Steam Wet & Dry Floor Washer at $299, down from $899, with free delivery and limited to 67 sets. Visitors can also pick up the TCL Q7D Pro 55-inch SQD-Mini LED TV at $1,649, down from $2,899, with 67 sets available throughout the show.

Scribble Your Tech Highlight

Beyond shopping, visitors can capture a memory at the Scribble Booth by sharing their favourite tech purchase of 2026. Their handwritten message becomes part of a personalised video, available to download instantly — a keepsake to share as they “check out” of 2026 and “check into” 2027 at the last tech show of the year.

Game Fest Meets The Tech Show

Adding to the weekend’s experience, Game Fest 2026 brings its grand finale to The Tech Show on Level 4 from 13-15 November. From esports to community gaming and trading card games, visitors can explore gaming and creative culture alongside their next tech purchase. For program details and ticket purchases, visit gamefest.sg.

Admission to The Tech Show 2026 is free. Visitors are encouraged to register or log in to the Official Show Guide to browse show offers, view exhibitor e-brochures and the digital floor plan, and access participating deals and shopping rewards. For the latest updates and access to the Show Guide, visit https://showguide.comexitgroup.com.sg/

Event Details

Dates: 13 to 15 November 2026, Friday to Sunday

Venue: Suntec Convention Centre, Levels 3 & 4 (Halls 401-406)

Timing: 11am to 9pm (Level 3), 12pm to 9pm (Level 4)

Admission: Free Entry to The Tech Show 2026

Website: www.comexitshow.com.sg

COMEX-IT GROUP

COMEX-IT Group Pte Ltd is a Singapore-based events company specializing in the management and organization of large-scale consumer technology exhibitions. Backed by a team with strong track records and decades of industry experience, we are proud to steward some of the nation’s most established and recognized event brands, including COMEX, IT Show, Consumer Electronics Exhibition (CEE), and The Tech Show (TTS).

Our mission is to deliver impactful, high-quality experiences that connect consumers with the latest innovations in tech — while offering an exciting and rewarding shopping experience unlike any other.

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SOURCE COMEX-IT Group Pte Ltd

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ClearScore launches industry-first, free rent reporting to all major credit bureaus to help renters build their credit score

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New service enables millions of renters to build their credit score by ensuring their rental payments are recognised on their credit report, solving a long-standing inequality in the credit system

LONDON, Nov. 11, 2026 /PRNewswire/ — ClearScore, a global, data-driven, financial services platform that allows people to understand credit and access financial products, has today launched completely free rent reporting for millions of renters in the UK.

The new service enables users to report their rent payments to all three major credit bureaus – Experian, Equifax and TransUnion – directly through the ClearScore app or website.

Free to use and simple to set up, the service helps renters build a fuller financial track record through their regular rental payments. By bringing rental payments into credit reports, the service also gives lenders a more complete picture of an individual’s financial history when assessing creditworthiness.

ClearScore’s Rent Reporting addresses a long-standing gap in the credit system, where one of the biggest and most consistent payments renters make each month has not always been reflected in their credit history. While mortgage payments are recognised on credit reports, rental payments have historically not received the same recognition, putting renters at a disadvantage.

UK governments have backed pilots and considered parliamentary proposals to make rent reporting law since 2017, most notably the Creditworthiness Assessment Bill. ClearScore has now solved one of the UK’s long-running financial inclusion and fairness issues, with a completely free service that can be set up in minutes using ClearScore, the UK’s leading credit score and report app.

Rt Hon Justine Greening, Chair of The Purpose Coalition and Former Secretary of State for Education, said:

“Opportunity should be determined by talent and hard work, not by the barriers built into our systems. Back in 2018, I championed the Creditworthiness Assessment Bill because I believed it was fundamentally unfair that millions of renters could pay their rent reliably every month without that financial responsibility being properly recognised.

“Eight years on, it is fantastic to see ClearScore develop a practical, free solution to this longstanding issue. By using technology to ensure rental payments are reflected in people’s credit histories, ClearScore is helping to break down a barrier that has held too many people back from accessing affordable credit and taking the next step towards homeownership.

“This is what social mobility is about: ensuring that people’s efforts count and that innovation translates into real opportunities. ClearScore’s work demonstrates how businesses can help change systems for the better, giving more people the chance to get on in life.”

Justin Basini, Co-founder and CEO at the ClearScore Group, said:

“ClearScore is giving UK renters something that we feel is long overdue: free rent reporting, connected to all three credit bureaus, means that every rent payment finally counts.

“Completely free and simple to set up in the ClearScore app, this is a service to help millions of renters finally get greater recognition for the financial track record they are already building. It’s an issue that policymakers have been grappling with for almost a decade, and we are delighted to have developed this solution, bringing rent reporting to people across the UK helping them build positive credit history and demonstrate their creditworthiness.”

David Bernard, CEO at Equifax UK&I, said: 

“This expansion of our strategic long-term partnership with ClearScore marks a major step forward for financial inclusion. Our latest Financial Health Report revealed that up to one in four UK adults have a limited credit file or no traditional credit footprint at all. By bringing more rental data into Equifax credit reports, we’re giving the UK’s nine million renters greater control over their credit profiles and helping to unlock their access to credit. At the same time, it equips lenders to make more informed decisions, promote responsible lending and helping people live their financial best.”

The launch comes as new research – commissioned by ClearScore and carried out by 3Gem* – reveals the average renter has paid almost £60,000 in rent over their lifetime, while one in five (19%) say they have paid more than £100,000. For many, those payments are already comparable to the cost of owning a home, with seven in ten (71%) estimating they are paying the same as or more in rent than they would on a mortgage for a suitable home.

Yet many renters do not feel that their financial track record is helping them move closer to homeownership. Three in five (61%) feel frustrated they can afford their rent but do not believe they could qualify for a mortgage, while two-thirds (66%) believe their rental payment history would help them get a mortgage if lenders could see it.

This comes at a time when renting is both expensive and, for many people, increasingly long-term, with Office for National Statistics figures** showing the average UK private rent reached £1,393 a month in July 2026, up 3.7% year-on-year.

The rent reporting service, leveraging open banking technology, builds on ClearScore’s wider financial services ecosystem, spanning consumer credit, mortgages and embedded finance. Across the Group, consumer-permissioned data and technology are used to help people better understand and manage their finances, as well as access credit and mortgages.

Notes to editors

 *Research conducted online by 3Gem among 1000 renters in September 2026.
** https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/privaterentandhousepricesuk/august2026 

About The ClearScore Group

The ClearScore Group is a leading, data-driven, financial services platform, helping over 27 million people understand credit, access financial products and manage their borrowing. The Group operates a network of financial marketplaces and B2B data platforms across the UK, South Africa, Australia, New Zealand and Canada. 
As well as a consumer app, the Group includes technology platforms for businesses, including an open banking platform for lenders (D•One), a CRM software platform for mortgage brokers (Score) and an embedded credit marketplace for retailers and financial services providers (ClearScore Everywhere). 
The Group combines user-permissioned data at scale, cutting-edge technology and a strong consumer brand to match a loyal user base with a network of over 200 partners across five markets.

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