CommerceIQ

About:

CommerceIQ is an omnichannel management platform that helps large brands use machine learning and automation to increase e-commerce sales.

Website: https://commerceiq.ai

Twitter/X: commerceIQ1

Top Investors: Madrona, Trinity Ventures, Pario Ventures, Insight Partners, SoftBank Vision Fund

Description:

CommerceIQ specializes in Ecommerce 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. For more information, please visit CommerceIQ.