The merchandising platform was originally spun out of investment firm Goat Ventures.

Insite AI, a New Zealand-based developer of merchandising software, has raised NZ$2m ($1.36m) in a funding round that was backed by New Zealand Venture Investment Fund, the government-run investment body.

The round was led by investment firm Goat Ventures, which Insite AI was originally spun out of, StartUp Daily reported.