Competera

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Competera
artificial intelligence platform
Industrypricing, retail
FoundedApril 23, 2014
FounderAlexander Galkin, Andrey Mikhailov, and Alexander Sazonov
HeadquartersKyiv, Ukraine
Websitehttps://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]

  1. Galkin, Aleksandr. "Council Post: From Strategy To Tactics: Why You Need Technology For Better Pricing Execution". Forbes. Retrieved 2021-05-25.
  2. "How the Ukrainian company Competera grew into a million-dollar business without any outside investments". AIN.UA. 2018-09-11. Retrieved 2021-05-25.
  3. Team, Startup Info. "Reinventing Retail Pricing for Global Brands in Times of Uncertainty". Retrieved 2021-05-25.
  4. 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]
  5. "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.
  6. "SMRK VC Fund - Crunchbase Investor Profile & Investments". Crunchbase. Retrieved 2021-05-25.
  7. "Competera - Funding, Financials, Valuation & Investors". Crunchbase. Archived from the original on 2021-05-18. Retrieved 2021-05-25.
  8. "SMRK VC investor portfolio, rounds & team". startups.eithealth.eu. Retrieved 2021-05-25.
  9. "The Future Of Retail Is Here: 5 Top-Notch Technologies For Retailers To Profit From". www.retailitinsights.com. Retrieved 2021-05-25.
  10. "Backcasting: Building an Accurate Forecasting Model for Your Business". KDnuggets. Retrieved 2021-05-25.
  11. Olufisayo (2020-12-08). "Business Efficiency at Lower Costs: 5 Best-Working Steps for Digital Retailers". The Secrets of Entrepreneurship. Retrieved 2021-05-25.
  12. "How to Stay Competitive During the Covid-19 Crisis – IoEBusiness.com". Retrieved 2021-05-25.
  13. Mulvenna, Andrew. "How AI Can Improve Price Optimization Efforts". Total Retail. Retrieved 2021-05-25.
  14. "Market-Based Pricing Helps E-Tailers Reprice 50% Faster And Get Better Market Coverage". Retail TouchPoints. 2020-08-21. Retrieved 2021-05-25.
  15. Galkin, Aleksandr. "Council Post: An Experience To Remember: Making Shoppers An Offer They Can't Refuse". Forbes. Retrieved 2021-05-25.
  16. "20+ Business Management Software & Tools Every Organization Should Use To Streamline Processes & Increase Efficiency". www.designrush.com. Retrieved 2021-05-25.
  17. "How To Benefit From AI To Win The Market". Retail TouchPoints. 2019-04-24. Retrieved 2021-05-25.
  18. Mulvenna, Andrew. "How to Improve E-Commerce Operational Efficiency". Total Retail. Retrieved 2021-05-25.
  19. "3 Ways To Harmonize the Customer Experience". RIS News. Retrieved 2021-05-25.
  20. "Competera listed as a Representative Vendor in Gartner Market Guide". competera.net. Retrieved 2021-05-25.
  21. "Украинскую Competera включили в авторитетный справочник Gartner Market Guide". Vector (in Russian). 2021-01-27. Retrieved 2021-05-25.
  22. "Now Tech: Retail Planning, Q4 2019". www.forrester.com. Retrieved 2021-05-25.
  23. "Retail Systems Awards". www.retail-systems.com. Retrieved 2021-05-25.
  24. "Pitch and Win | Startup Elevate | Global Startup Events Series". tmt.knect365.com. Retrieved 2021-05-25.
  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.
  26. "IDCEE 2014. Results". DDI Development. Retrieved 2021-05-25.
  27. Ukraine (2016-01-20). "Ukraine's top-10 startups of 2015". Euromaidan Press. Retrieved 2021-05-25.{{cite web}}: CS1 maint: url-status (link)