San Mateo, Calif., May 30, 2019: Punchh, the leader in digital marketing solutions for physical retailers, today announced its official expansion into Canada with a new office in Toronto. The Toronto office will serve as an engineering hub for Punchh as the company continues to augment its machine learning and artificial intelligence capabilities.
“As we continue to grow and evolve as a company, it is critical that we not only invest in advanced technology like machine learning and AI, but also in premium tech talent to drive those innovations,” said Punchh CEO Shyam Rao. “Toronto is a very diverse, business-friendly city, and establishing a formal presence here allows us to hire the highest-caliber engineers from all over the world without delay. It’s the perfect city to serve as our global engineering hub.”
Punchh plans to grow its Toronto team as rapidly as possible, and aims to hire more than 50 engineers in that office over the next couple of years.
“Our esteemed universities combined with our inclusive nature and entrepreneurial spirit make Toronto a great place for any company, particularly those born in Silicon Valley, to find a home,” said John Tory, Mayor of Toronto. “The fact that Punchh, a disruptive and successful startup with a strong global presence, recognizes the value of our business community further cements our city’s position as a center for innovation.”
The expansion to Toronto comes on the heels of a record year of growth for Punchh. The company doubled its annual revenue in 2018 and grew its customer base by 30 percent. It’s now being used in more than 50,000 physical retail locations across the globe to serve more than 60 million consumers. It also established new offices in the United Kingdom and India, and on-boarded 70 new employees, which represents a 54 percent growth in its workforce.
For more information on Punchh and its services please visit www.punchh.com.