Commerce.AI is an AI-powered system that sees, reads and listens to the world’s product information with deep product-learning technology. This technology helps retailers and brands understand what customers are talking about at the product level, and build powerful e-commerce catalogs. When the AI starts to understand which product features work well, it can empower the humans to do what we are best at- building great products and selling with confidence!
After demonstrating the power of our system, we signed our first ever client Walmart, and have just signed another large customer this year, Cisco. We have over 50+ brands in the pipeline, including electronics brands such as Netgear and Panasonic, CPG brands such as Nestle, Mars, and Clorox, as well as large retailers like Toys R Us and Bed Bath & Beyond.
We believe the opportunity is significant. Brands and retailers do not currently have a sophisticated way to listen to real-time consumer opinions at scale. There are 5 Billion unique branded products in the world , with over 30,000+ new products created every year, and over $22 trillion spent on global retail. This is a massive market to push into. Investing in us will allow us to add significant product improvements and scale our growing client base.