Netail Closes Seed Funding to Advance Retail-Focused AI Development
Summary
The round was co-led by (MVP), which provides early-stage venture capital to dynamic entrepreneurs and successful technology companies throughout the Midwest, and Dr. Andrew Ngs . 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, Netails AI technology is designed to help them succeed by attracting, converting and retaining customers in these increasingly competitive digital arenas. "Under Mark Chrystals leadership, Netail has developed a compelling product that is helping retailers adapt to the rapid shifts in consumer behavior weve seen in the past few years," says AI visionary Andrew Ng, CEO of Landing AI, and now Chairman of Netail, "To help win and retain the modern consumer, many of whom now make online and offline purchases using online search and marketplaces, Netails analytics solution delivers deep customer and market visibility, and provides data to directly help retailers optimize key decisions in assortment, buying, merchandising and pricing. MVP believes that great ideas and leadership can come from anywhere and actively seeks out opportunities to provide diversified exposure to the fastest-growing tech ecosystem in the United States.
Funding
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