Competera
artificial intelligence platform | |
Industry | pricing, retail |
Founded | April 23, 2014 |
Founder | Alexander Galkin, Andrey Mikhailov, and Alexander Sazonov |
Headquarters | Kyiv, Ukraine |
Website | https://competera.net/ |
Competera is an artificial intelligence platform that helps online and offline retailers with portfolio pricing using price recommendations on an SKU and full category level.[1][2]
Overview[change | change source]
Competera was launched on April 23, 2014. The founders are Alexander Galkin, Andrey Mikhailov, and Alexander Sazonov.[3][4]
The head office is in Kyiv, Ukraine with more offices in California, Singapore, and London.[5]
Funding[change | change source]
Competera received a first venture investment from the SMRK venture fund.[6]
Later, the company raised a total of $3M in funding over 2 rounds.[7]
The latest funding was raised on Feb 5, 2019, from a Seed round.[8]
Technology[change | change source]
Competera provides regular repricing, promo and markdown recommendations for omnichannel retailers.[9][10][11][12][13][14]
They are based on 60 pricing and non-pricing factors, customer demand, and individual customer business rules.[15][16]
It uses machine learning technology and econometric practices to allow users to set the correct price for a product in any category or industry.[17][18][19]
Awards[change | change source]
In January 2021 Competera was included in Gartner Market Guide.[20][21]
In winter 2020, Competera was featured in the Now Tech Retail Planning report from Forrester Research.[22]
It was recognised as №1 Retail Software 2020 by Crozdesk webservice.
In October 2020 the platform was a winner of Artificial Intelligence Project of the Year.[23]
Also in 2019, the company was listed among the 3 best startups at the Startup Elevate (London).[24][25]
The company received IDCEE award as the Best B2B Startup in 2014.[26][27]
Other websites[change | change source]
References[change | change source]
- ↑ Galkin, Aleksandr. "Council Post: From Strategy To Tactics: Why You Need Technology For Better Pricing Execution". Forbes. Retrieved 2021-05-25.
- ↑ "How the Ukrainian company Competera grew into a million-dollar business without any outside investments". AIN.UA. 2018-09-11. Retrieved 2021-05-25.
- ↑ Team, Startup Info. "Reinventing Retail Pricing for Global Brands in Times of Uncertainty". Retrieved 2021-05-25.
- ↑ Shane. "Venture Investor and Stanford Lecturer, Ph.D. Maciej Kraus Joins Award-Winning AI Startup Competera as Advisor – Guest Post – Feedspot". Retrieved 2021-05-25.[permanent dead link]
- ↑ "Venture Investor and Stanford Lecturer, Ph.D. Maciej Kraus Joins Award-Winning AI Startup Competera as Advisor". AiThority. 2020-07-17. Retrieved 2021-05-25.
- ↑ "SMRK VC Fund - Crunchbase Investor Profile & Investments". Crunchbase. Retrieved 2021-05-25.
- ↑ "Competera - Funding, Financials, Valuation & Investors". Crunchbase. Archived from the original on 2021-05-18. Retrieved 2021-05-25.
- ↑ "SMRK VC investor portfolio, rounds & team". startups.eithealth.eu. Retrieved 2021-05-25.
- ↑ "The Future Of Retail Is Here: 5 Top-Notch Technologies For Retailers To Profit From". www.retailitinsights.com. Retrieved 2021-05-25.
- ↑ "Backcasting: Building an Accurate Forecasting Model for Your Business". KDnuggets. Retrieved 2021-05-25.
- ↑ Olufisayo (2020-12-08). "Business Efficiency at Lower Costs: 5 Best-Working Steps for Digital Retailers". The Secrets of Entrepreneurship. Retrieved 2021-05-25.
- ↑ "How to Stay Competitive During the Covid-19 Crisis – IoEBusiness.com". Retrieved 2021-05-25.
- ↑ Mulvenna, Andrew. "How AI Can Improve Price Optimization Efforts". Total Retail. Retrieved 2021-05-25.
- ↑ "Market-Based Pricing Helps E-Tailers Reprice 50% Faster And Get Better Market Coverage". Retail TouchPoints. 2020-08-21. Retrieved 2021-05-25.
- ↑ Galkin, Aleksandr. "Council Post: An Experience To Remember: Making Shoppers An Offer They Can't Refuse". Forbes. Retrieved 2021-05-25.
- ↑ "20+ Business Management Software & Tools Every Organization Should Use To Streamline Processes & Increase Efficiency". www.designrush.com. Retrieved 2021-05-25.
- ↑ "How To Benefit From AI To Win The Market". Retail TouchPoints. 2019-04-24. Retrieved 2021-05-25.
- ↑ Mulvenna, Andrew. "How to Improve E-Commerce Operational Efficiency". Total Retail. Retrieved 2021-05-25.
- ↑ "3 Ways To Harmonize the Customer Experience". RIS News. Retrieved 2021-05-25.
- ↑ "Competera listed as a Representative Vendor in Gartner Market Guide". competera.net. Retrieved 2021-05-25.
- ↑ "Украинскую Competera включили в авторитетный справочник Gartner Market Guide". Vector (in Russian). 2021-01-27. Retrieved 2021-05-25.
- ↑ "Now Tech: Retail Planning, Q4 2019". www.forrester.com. Retrieved 2021-05-25.
- ↑ "Retail Systems Awards". www.retail-systems.com. Retrieved 2021-05-25.
- ↑ "Pitch and Win | Startup Elevate | Global Startup Events Series". tmt.knect365.com. Retrieved 2021-05-25.
- ↑ "Dentons advises Competera, a pricing platform for retailers, on the establishment of its US headquarters". European Business Association (in Ukrainian). 2019-07-29. Retrieved 2021-05-25.
- ↑ "IDCEE 2014. Results". DDI Development. Retrieved 2021-05-25.
- ↑ Ukraine (2016-01-20). "Ukraine's top-10 startups of 2015". Euromaidan Press. Retrieved 2021-05-25.
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