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CIBC Innovation Banking Provides $35 Million Debt Facility to Intradiem to Accelerate Growth

ATLANTA–(BUSINESS WIRE) – November 30, 2021, CIBC Innovation Banking is pleased to announce a debt facility of $35 million for Atlanta-based Intradiem, a leading provider of automation technology solutions for customer service teams. Intradiem will use the capital to expand its market growth and accelerate the launch of strategic products to deliver on its next-generation platform and machine learning initiatives.

“The CIBC Innovation Banking team has provided incredible support to our team at Intradiem,” said Bryan Jones, Intradiem’s Chief Financial Officer. “We’re grateful for their assistance which will enable our immediate market growth plans and accelerated product initiatives.”

Intradiem’s AI-powered Intelligent Automation platform enables contact center and back-office teams to process and leverage millions of real-time data points to boost operational efficiency, agent engagement, and customer experiences.

“Intradiem’s platform brings a unique, real-time data processing capability that is transforming customer service operations,” said Andy Kirk, Managing Director in CIBC Innovation Banking’s Atlanta office. “We’re excited to support their continued growth and global expansion with this funding.”

Intradiem is also backed by MK Capital and JMI Equity.

About CIBC Innovation Banking
CIBC Innovation Banking delivers strategic advice, cash management, and funding to innovative companies across North America, the UK, and select European countries at each stage of their business cycle, from start-up to IPO and beyond. With offices in Atlanta, Austin, Boston, Chicago, Denver, London, Menlo Park, Montreal, New York, Reston, Toronto, and Vancouver, the team has extensive experience and a strong, collaborative approach that extends across CIBC’s commercial banking and capital markets businesses in the U.S. and Canada.

About Intradiem

Intradiem believes technology should be used to empower workers, not replace them. Our patented, AI-powered contact center automation technology integrates with WFM, ACD, and other systems and processes their data output in real time, revealing unused capacity that can be redirected to its most productive use. Through real-time monitoring of schedules, call volume and workflow, Intradiem delivers unprecedented call-handling support and identifies opportunities to deliver breaks, training, and other time-sensitive tasks within the flow of actual conditions. We help contact centers boost operating efficiency, enhance agent engagement, and improve end-customer experiences while delivering concrete savings and same-year investment return.

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