Ukrainian-founded Competera secures $3M in a seed round
Summary
It provides retailers with direct access to real-time market data, rule-based automation, and multi-purpose recommendation engines. I knew there had to be a smarter and faster approach to pricing optimization efforts leveraging data and AI, Recently, the team introduced its latest product, Competera X, a self-service version of the pricing tool for individual sellers on Amazon, Etsy, and Shopify. The startup has more than 50 customers across 18 countries, including the US, UK, Germany, France and Italy. The group of angel investors also participated.Competera plans to use the funding to enhance its AI capabilities, broaden its service offerings, and scale its operations, focusing on the US market. Additionally, in October 2021, Competera announced a $1.5 million late-seed funding round.
Funding
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