Spresso, a NYC-based provider of AI-powered solutions for ecommerce businesses, raised an initial Series A funding.
The amount of the deal was not disclosed. The round included participation from funds and accounts managed by BlackRock.
The company intends to use the funds to accelerate its global expansion.
Led by Jared Yaman, CEO, Spresso is a provider of AI-powered solutions that empower businesses to optimize pricing, streamline operations, and drive growth in a dynamic ecommerce landscape. Its portfolio includes pricing intelligence, a commerce suite, and spend management analytics and offers:
- Pricing Intelligence: AI-driven algorithms analyze customer and market behavior for data-backed pricing strategies that optimize revenue and profitability.
- Commerce Suite: Ecommerce platform for building and managing online storefronts.
- Spend Management: Advanced analytics deliver real-time spending insights, enabling companies to optimize costs and resource allocation.
Spresso’s diverse clientele includes major international retailers like the AEON Group, Fortune 500 companies, and prominent consumer brands.
FinSMEs
10/04/2024