Unbxd Raises $12.5 Million to Fuel Innovation in AI Powered e-commerce Product Discovery
Personalized product discovery & search platform powers 120+ US online retailers to capture lost revenue
MOUNTAIN VIEW, Calif., JUNE 19, 2017 -- Unbxd, the cloud-based product discovery platform for e-commerce, has raised $12.5 million in Series C funding led by Eight Roads Ventures, the proprietary investment arm of Fidelity International Limited, and from existing investors IDG Ventures, Inventus Capital Partners and Nirvana Ventures. Unbxd will further invest in its artificial intelligence (AI) powered platform that enables online retailers to capture the 15%-40% in revenue that is lost due to a poor product discovery experience.
Mountain View, Calif., June 19, 2017
Government vendor tries a cloud-based solution for its search needs
After evaluating whether to hire a search expert in-house or contract with an external firm, Thomas, Senior Director of Corporate And Digital Marketing at ibSupply, ended up talking to Unbxd. The Unbxd team worked closely with ibSupply to improve the search system. Implementation of the program was about five weeks. “It was worth having their people [Unbxd] here learning about our search needs and doing the heavy lifting while our people could work on other things,” says Thomas.
March 28, 2017