Netail Raises $5M in Seed Funding
Summary
Netail, a Pittsburgh, PA-based provider of technology that enables retailers to auto-identify competitors across the internet and track their assortments, availability and optimize prices in real time, closed a $5M seed funding round. Using business rules and AI-based optimization, Netail helps retailers attract and convert more customers, without sacrificing brand values. The funding will be used to enhance current product offerings and expand its team of retail, AI, and software engineers. In addition, Netail will leverage MVP’s deep Midwest connections to win customers, recruit talent and attract new partners. With customers already spanning three continents, the company will also expand to the APAC region by opening an office in the Hong Kong Science & Technology Park.