Artificial Intelligence | Machine Learning | Natural Language Processing CommerceIQ | E-commerce Channel Optimization


Enterprise, Enterprise Software, E-Commerce, Consumer Goods, SaaS Palo Alto, CA, United States

CommerceIQ

Artificial Intelligence | Machine Learning | Natural Language Processing


CommerceIQ | E-commerce Channel Optimization

CommerceIQ

Enterprise Software, E-Commerce, Consumer Goods, SaaS


Palo Alto, CA, United States

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

 
 

Date

Round

$ Raised

Investors

03/23/2022

Series D

$115M

SoftBank Vision Fund 1, Insight Partners, Trinity Ventures, Shasta Ventures, Madrona Venture Group

Date : 03/23/2022

Round: Series D

$ Raised: $115M

Investors: SoftBank Vision Fund 1, Insight Partners, Trinity Ventures, Shasta Ventures, Madrona Venture Group

06/22/2021

Series C

$60M

Trinity Ventures, Shasta Ventures, Madrona Venture Group, Insight Partners

Date : 06/22/2021

Round: Series C

$ Raised: $60M

Investors: Trinity Ventures, Shasta Ventures, Madrona Venture Group, Insight Partners

 

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Guru Hariharan

Guru Hariharan
CEO

Piyush Lumba

Piyush Lumba
Chief Operating Officer

Jaya Jaware

Jaya Jaware
CFO

Chris Bauserman

Chris Bauserman
CMO

 
 

CommerceIQ is growing. Want to work at CommerceIQ? CommerceIQ is hiring. Join team at CommerceIQ

 

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