CommerceIQ™ is the leader in e-commerce Channel Optimization (ECO), the practice of using machine learning, analytics, and automation to optimize the e-commerce channel across the supply chain, marketing, and sales operations to win at the moment of purchase and drive profitable market share growth. CommerceIQ has been adopted by leading consumer brands accounting for more than $6 billion in e-commerce sales and millions in marketing spend, including Avery Products, Georgia-Pacific, Spectrum Brands, and 3 of the top-5 Fast-Moving Consumer Goods Companies in the U.S. These brands rely on CommerceIQ’s machine-based commerce technology and business processes, which are purpose-built to tune e-commerce algorithms, collaborate and share data-driven insights in real-time in response to changing variables across hundreds of products on leading retail sites. Using CommerceIQ as a single source of truth, customers have driven a 40% increase in incremental sales, a 20% improvement in profitability, and a 32% reduction in out-of-stock rates on Amazon.
Developed an enterprise platform designed to empower retailers towards profitable growth through data-driven merchandising decisions. The company's platform automates actions across sales marketing and operations by bringing the disciplines of data science and machine learning to e-commerce, enabling retailers to multiply their effectiveness through automation to drive sustainable growth.
Total Funding: $80,005,000
Funding Stage: Series C
Business Stage: Scaling Up
Market: B2B
Company Size: 101 to 250
Founded: 2012
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Guru Hariharan
CEO
Piyush Lumba
Chief Operating Officer
Jaya Jaware
CFO
Chris Bauserman
CMO
Lead Data Scientist
Bengaluru, KA
Sr.Product Manager
Bengaluru, KA
Senior Account Executive
Remote, Remote
Senior Recruiter
Bengaluru, KA
VP of Engineering (Applications)
Bengaluru, KA