ICONIQ Doubles Down on Swap: Funding AI-Powered Commerce Operating System

ICONIQ announced a continued partnership with Swap through a $100 million Series C funding round, co-led by ICONIQ. Swap has evolved from a cross-border and returns management platform into a comprehensive operating system for commerce, expanding into payments, tax, and demand planning. The company is developing agentic commerce infrastructure through its AI Labs to enable intelligent agents to automate commerce decisions across global markets.