# Rishabh Jain

> Rishabh Jain is the co-founder and CEO of FERMÀT, a San Francisco AI-native commerce platform that builds personalized, content-native shopping experiences for direct-to-consumer and enterprise brands. A LiveRamp alum who saw Apple's privacy changes coming before most, he launched FERMÀT in late 2021 to rewire how brands sell when shoppers can no longer be tracked across the web. The company has raised roughly $86M across rounds, capped by a $45M Series B in June 2025, and counts Glossier, GNC, ILIA Beauty, BISSELL and Unilever's Olly among its customers.

- **Role:** Co-Founder & CEO at FERMÀT
- **Organizations:** FERMÀT (Fermat Commerce), LiveRamp
- **Education:** Undergraduate degrees in business and engineering, University of Pennsylvania (Wharton & School of Engineering), Master's in Physics, Imperial College London, PhD in Materials Science, Massachusetts Institute of Technology (MIT)
- **Known for:** Co-founded and leads FERMÀT, an AI-native commerce experience platform, Raised roughly $86M in total funding, including a $45M Series B in June 2025, Grew ARR more than 5x and tripled headcount since the Series A round

## Career timeline

- **pre-LiveRamp** — Co-founded two startups, one in solar energy and one in laboratory data sharing
- **at LiveRamp** — Held senior roles including VP / Head of Innovation and New Business Initiatives, Head of Technical Services, and Head of Product Operations
- **2020** — Conceived FERMÀT while still at LiveRamp after recognizing the impact of Apple's App Tracking Transparency rules; met Greylock's Saam Motamedi in late 2020
- **2021** — Officially launched FERMÀT (November 2021) with co-founder Shreyas Kumar
- **2022** — Announced a $12M fundraise led by Greylock and QED
- **2025** — Raised $45M Series B led by VMG Partners with QED, Greylock, Bain Capital Ventures and Courtside Ventures

## Achievements

- Co-founded and leads FERMÀT, an AI-native commerce experience platform
- Raised roughly $86M in total funding, including a $45M Series B in June 2025
- Grew ARR more than 5x and tripled headcount since the Series A round
- Signed enterprise and DTC brands including Glossier, GNC, ILIA Beauty, BISSELL, Backcountry, Adapt Naturals and Unilever's Olly
- Reported 125x GMV growth across a 12-week stretch in an early Q4 inflection
- Launched an AI Search Commerce Engine targeting shopping that begins on ChatGPT and Google AI Overviews

## Latest updates

- **2025-06** — Closed a $45M Series B led by VMG Partners to scale FERMÀT's commerce graph, data infrastructure and agency partner program
- **2025-06** — Promoted the AI Search Commerce Engine and 'Commerce Graph,' a behavioral intelligence layer for enterprise brands

## Links

- Website: https://fermatcommerce.com
- LinkedIn: https://www.linkedin.com/in/rishabhmjain
- Twitter/X: https://twitter.com/rishabhmjain

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Profile page: https://yespress.io/rishabh-jain
Published by YesPress — https://yespress.io
Last updated: 2026-06-08