Netail Closes Seed Funding to Advance Retail-Focused AI Development

Netail, a technology that enables retailers to auto-identify competitors across the internet and track their assortments, availability and optimize prices in real time, announced the closing of $5 Million in seed funding. The round was co-led by Magarac Venture Partners (MVP), which provides early-stage venture capital to dynamic entrepreneurs and successful technology companies throughout the Midwest, and Dr. Andrew Ng's AI Fund. Other investors include HKSTP Ventures. Consumer behavior has changed dramatically, and the majority of purchase decisions are now made online via search, marketplaces and social media. With retailers struggling to adapt, Netail's AI technology is designed to help them succeed by attracting, converting and retaining customers in these increasingly competitive digital arenas.