Commerce.AI, a U.S. artificial intelligence (AI) powered system, has secured more than $1 million through its Regulation Crowdfunding (Reg CF) campaign on StartEngine. Founded in 2016, Commerce.AI is on a mission to harness the power of artificial intelligence to change the way commerce is done. The company launched the funding round with a $26 million pre-money valuation.
“Commerce.AI harnesses the power of AI and Big Data to give brands and corporations the ability to see what works and what doesn’t. It uses Deep Product Learning technology to see, read and listen to the world’s product information.”
Commerce.AI further reported that it has launched sales partnerships with large paying customers such as Cisco, Coca-Cola, Unilever, Chanel, Netgear, Midea, USPS, SC Johnson, and more. It also has more than 50 brands in the pipeline.
“Our platform is multilingual which is aiding us as we look to target international markets to continue our growth trajectory. Our self-serve platform leverages private and public data to yield highly specialized and tailored results for our enterprising customers. Simply put: We build the software so that our customers can build the best consumer products for their market.”
Funds from the StartEngine round will be used to continue the growth and development of the Commerce.AI platform. The campaign is set to close mid-June.
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