The Austrian software firm will use money to challenge established licencing business models with a potent enterprise open source substitute for established providers.
Pimcore, an open source enterprise platform for PIM, MDM, DAM, DXP, and e-commerce, has closed a $12 million Series B fundraising round. The Austrian tech company’s global expansion, the commercialization of the open source platform, and the ongoing development of innovative data and experience management capabilities for businesses will all be supported by the investment, which is being led by German tech growth fund Nordwind Growth.
For any channel, device, or sector, Pimcore is an open source software platform for managing data and consumer experiences. It is the only integrated platform that combines pre-built product information management, content management, digital asset management, and e-commerce capabilities, speeding up time to market while being adaptable to any IT infrastructure or system architecture. Pimcore is the only open source platform of its sort, making it a potent replacement for rigid and frequently expensive data platforms.
“We have identified an incredible need for more flexible and connected data solutions for global enterprises, and we strongly believe that control over intellectual property and software belongs in the hands of our customers and partners. That’s why we have developed our technology to be completely free of any license costs,” says Dietmar Rietsch, CEO of Pimcore.
“Our open source model is unprecedented among product data management and experience management vendors, and we are excited to use this funding to supercharge those capabilities for enterprises around the world.” Pimcore is available in three different editions: The free and open source Community Edition, which is used by most of Pimcore’s 100,000 customers, the Enterprise Edition for enterprise data and experience management scenarios, and finally the new Pimcore Cloud Edition, the highly configurable SaaS product.