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Beyond Chatbots: 40 Commerce Startups Using AI To Style Shoppers, Adjust Pricing, Track Behavior, And More

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In 2017, some of the largest deals to AI commerce startups have included a $19.5M Series D to in-store visual monitoring startup Trax Image Recognition from Investec, a $16M Series A funding to location-based marketing startup Databerries from investors including Index Ventures and Mosaic Ventures, as well as a $15M Series B to natural language search startup Twiggle from Korea Investment Partners and Mizmaa Ventures. Using CB Insights data, we created a market map showcasing the wide array of AI startups focused on retailers and e-commerce businesses, including AI-powered personal shopping apps, natural language processing and image recognition tools for shopping websites, predictive inventory allocation tools, and more. Real-time product targeting - Machine learning to present online shoppers with personalized product recommendations. Location-based marketing & analytics - Startups that combine digital and physical store analytics, while also integrating beacon technology to track shoppers' locations.


Don't You Look Smart: 45 Artifical Intelligence Startups Targeting Retail In One Infographic

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Investors poured a record high 1.05B into artificial intelligence startups in Q2'16, and AI is already affecting more areas of our lives than many people realize. Even retail and e-commerce companies are increasingly integrating the technology. Recently there's been a rush of AI announcements and acquisitions by major retailers: Just this week, Etsy acquired Blackbird to enhance its search functionality through AI, followed the very next day by Amazon acquiring Angel.ai And earlier this month, e-commerce unicorn Houzz (see our full unicorn tracker here) announced a deep learning initiative to help users find and buy products by clicking on images. Using CB Insights data, we dove into the wide array of AI startups focused on retailers and e-commerce businesses, including AI-powered personal shopping apps, natural language processing and image recognition tools for shopping websites, predictive inventory allocation tools, and more.


Don't You Look Smart: 45 Artifical Intelligence Startups Targeting Retail In One Infographic

#artificialintelligence

Investors poured a record high $1.05B into artificial intelligence startups in Q2'16, and AI is already affecting more areas of our lives than many people realize. Even retail and e-commerce companies are increasingly integrating the technology. Recently there's been a rush of AI announcements and acquisitions by major retailers: Just this week, Etsy acquired Blackbird to enhance its search functionality through AI, followed the very next day by Amazon acquiring Angel.ai And earlier this month, e-commerce unicorn Houzz (see our full unicorn tracker here) announced a deep learning initiative to help users find and buy products by clicking on images. Using CB Insights data, we dove into the wide array of AI startups focused on retailers and e-commerce businesses, including AI-powered personal shopping apps, natural language processing and image recognition tools for shopping websites, predictive inventory allocation tools, and more.


Five ways AI is shaping the future of e-commerce

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AI is revolutionizing so many aspects of our lives. From the way we operate appliances in our homes to the way that children play with toys. AI is also starting to have a significant effect on the way e-commerce businesses attract and retain customers. In fact, a survey by Gartner predicts that by 2020, 85% of a client's relationship with a business will be managed without interacting with any human. For a better understanding of how AI is shifting e-commerce, check out the five applications below.


Three great product search experiences powered by machine learning – Econsultancy

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With multiple facets to optimise for higher conversions, ecommerce brands often treat on-site search as an afterthought. By failing to address the search experience, you are losing customers, especially when you consider that shoppers who use the on-site search bar reportedly have a higher conversion rate and average order value. Machine learning may be hyped technology but it's already making a major difference to the on-site product search experience. Here are three examples demonstrating how progressive ecommerce brands are succeeding with it. Commonly misspelt words are a lost revenue opportunity for ecommerce companies.