Tuesday, September 21, 2021

Assembly Joins Billion Dollar Unicorns After Strategic Investment

Los Angeles-based e-commerce software developer Assembly has joined the ranks of the local unicorn startups, according to the company, after getting a "significant capital injection" from Advent International. The company said it now surpasses $1 billion in valuation after the round. The company did not say how much Advent International invested in the company. Assembly is led by co-founder and CEO Sandeep Kella. The company said that PSG also participated in the funding round, which it says will be used to fuel growth plans for the company. More information »