fashionabc’s Post

Thrilled for Flock AI to be featured in Sourcing Journal, highlighting our $1.5M pre-seed round and mission to revolutionize visual commerce with AI. Thank you Meghan Hall for the feature! With our combined expertise in retail, technology, and the lived experience of being underrepresented consumers, Malavika Reddy and I built Flock to address the pain points we've faced firsthand. Our proprietary AI for All algorithm eliminates biases often found in generative AI, allowing us to create authentic, representative imagery with unmatched speed and affordability. We're grateful for the support of our investors, including Outlander VC, Red Swan Ventures, F4 Fund, Hustle Fund, Dorm Room Fund, and The MBA Fund, as we enhance our technology, grow our team, and partner with more brands looking to better represent and engage their customers. A big thank you to all of our friends, family, and advisors too! Curious to see Flock in action? Visit our website to create a custom sample image tailored to your products and target demographics. Experience the future of inclusive visual commerce firsthand! https://flockshop.ai/ Check out the full Sourcing Journal article to learn more about Flock's journey and vision. Together, we're building a more personalized e-commerce landscape, one image at a time. https://lnkd.in/eY3sjqF7 #genai #VisualCommerce #RetailTech #WomenInTech #PersonalizedShopping

US$6.9 Mln Funding A crucial missing element in the online shopping experience is the immediate, personalized assistance, akin to the service provided by a knowledgeable and friendly sales associate in a physical store. Once shoppers land on the merchant’s website, they often find themselves tasked with the challenge of navigating, locating, and comparing relevant products and information on their own. Imagine the warmth and efficiency of the best store associate, available 24/7 at the merchant’s virtual storefront, capable of serving an unlimited number of customers simultaneously without breaking a sweat. It engages with shoppers in real-time, offering personalized guidance, product recommendations, and answers to queries throughout their browsing experience. NICHE TO MAINSTREAM Merchants are constantly searching for new and effective ways to bring shoppers to their websites and turn those visits into sales. They spend billions of dollars in marketing and invest significant resources in driving traffic to their online stores. However, the stark reality is that the e-commerce conversion rates are usually less than 2.5%. In an environment where retailers and brands are deeply worried about profitability, the status quo is unsustainable. Using AI capability to reshape e-commerce experiences to be assistive and helpful will lead to improved customer experience and increased sales for merchants. There's a massive market opportunity for startups offering this solutions to merchants. One of the startups is Big Sur AI. Big Sur AI is a provider of an AI platform for e-commerce founded in 2023 by Vinod Ramachandran and Arnaud Weber to help e-commerce merchants to drive sales and profitability. Big Sur's flagship AI Sales Agent product increases online conversion rates and order sizes for merchants by offering an assisted shopping experience to their consumers. Powered by AI and controlled by the merchant, the AI Sales Agent is an extension of the brand. The AI Sales Agent enables merchants to provide a seamless, assisted buying experience to their shoppers 24/7. For shoppers, it eliminates the overwhelming task of decision-making and replaces it with an intuitive experience that feels both familiar and innovative. Big Sur AI has raised a $6.9 million in seed funding. The company intends to use the funds to expand operations and development efforts. #funding #ai #startup #ecommerce #virtual #assistance #vcdeal

Birdseye Secures $3M Investment to Revolutionize Retail with AI Personalization Toronto-based startup Birdseye has secured a $3 million seed investment from Drive Capital, following the latter's $500,000 pre-seed investment in March. Birdseye specializes in AI solutions for the retail and e-commerce sector, utilizing AI algorithms trained on vast retail transaction data. Its technology enables hyper-personalized campaigns, matching shoppers with products based on their preferences, optimizing advertising spend, and addressing customer retention challenges. The funding will support Birdseye's hiring efforts and position it as a market leader in the retail industry. Drive Capital Partner Masha Khusid commended Birdseye's innovative use of AI to solve merchants' problems. #Birdseye #AIInRetail #SeedInvestment #DriveCapital #RetailTech #Personalization #ECommerce #AIAlgorithms #Innovation #CustomerRetention #TechNews #TorontoStartup

💥 Breaking News: The Future of E-commerce is HERE! 🚀 Did you know that AI startup Daydream has just raised a jaw-dropping $50 MILLION to revolutionize the e-commerce landscape? 🌐💰 Imagine a world where shopping isn't just about clicking buttons but experiencing products as if they were right in front of you. Daydream is making that vision a reality! What if you could try on high-end jewelry without stepping foot outside your home? 💎 Well, thanks to Farfetch-backed AR platform Wanna, this is now a game-changer in the luxury space. Here's what this means for you: 🔍 Personalized Shopping Experiences 🛒 Enhanced Customer Engagement 💎 Virtual Try-ons for Premium Products As someone who's turned their industry upside down with tech, I'm all in on keeping you ahead of the curve. Ready to see what the future holds? Click to dive into the full story and discover how Daydream is paving the way for next-gen e-commerce: 🔗 https://lnkd.in/gW6REDNY What are your thoughts on AR transforming how we shop? Let’s discuss in the comments! ✨ — Elevating Businesses with AI. Let's chat if your business is ready to leap into the future. 🌟

Haz is using AI and social media to make it easier for people to connect and turn unwanted items into cash. 82% of Gen Z now think about the resale value of an item before they even buy it, yet 47% of items fit for resale remain unsold. Haz, a first-of-its-kind AI social commerce app, is making reselling unwanted items easier and creating a new kind of social concept in the process. By utilizing AI and automatically pulls users' purchases into a single feed, removing the need to create listings manually. Ronan Harvey-Kelly, Glenn Keller & team are further developing their proprietary AI technology multi-modal system to launch in the UK before expanding across Europe. Katharine Spooner of our Marketplaces & Consumer team says: “It is clear that the future of commerce is resale. While we have seen huge advancements in how people shop, the second-hand industry has lacked any real AI innovation over the last five years. Your friends follow your location, like your photos, and see what you're listening to in real time. Now Haz lets them track and engage with what you own - and this new type of connection is what excites us most.” Read more (below & in the comments) about the oversubscribed round we led with participation from angel programs from Andreessen Horowitz (Dima Shvets), Atomico (Sameer Singh), Concept Ventures (Oliver Kicks), along with notable angels from Lapse, Lendable, Lottie & Ecoigo 👇 https://lnkd.in/dJX5i537 #ai #socialcommerce #resale #retailtech #startupnews #venturecapital

AI-enabled marketplaces offer a world of new opportunities for buyers & sellers. But how do you build one? We’re so early in the AI marketplace game that there aren’t many large-scale examples of true AI-enabled marketplaces yet — platforms that enable buyers to connect with sellers in a way that was previously impossible.  Sameer Singh, Venture Partner in our Marketplaces and Consumer team, breaks down the three key steps to building a powerful AI-enabled marketplace on our blog with insights from Pete Flint of NFX and Haz co-founder Ronan Harvey-Kelly. https://lnkd.in/equnAW6U #ai #marketplaces #startup #founders #venturecapital

Meet Wolfgang Loerli, the CEO and visionary behind SOORT®, a startup committed to transforming online shopping into a sustainable and responsible experience. 🌍SOORT was born from a strategic acquisition of technology and a global network from NetandBuy, an online shopping platform with a vast presence in over 1,500 shops worldwide. They recognized the potential of AI technology and used this network to create SOORT in December 2022. Their mission is deeply rooted in sustainability, aligned with the UN Sustainable Development Goal 12. 🎯 2023 Vision: Wolfgang talks about their focus on rapid growth and innovation, including the development of an AI-driven shopping copilot. They are actively seeking strategic investments and expanding their presence globally. ⭐ What motivates Wolfgang and his team every day? Their unwavering commitment to responsible consumption and addressing environmental and social challenges in online shopping. 👉Read the full interview for in-depth insights: https://hubs.li/Q024YZs10 Connect with Wolfgang and SOORT to be a part of the sustainable shopping revolution! 🛍️ #Sustainability #Startup #Innovation #ResponsibleConsumption #AI #SwissStartupAssociation

E-commerce tech is booming, set to hit $10B by 2025. Yet, converting visitors to buyers remains a challenge. Discover a pre-validated AI solution boosting conversion rates by 74% and increasing basket sizes by 57% 👉 https://lnkd.in/dKrEk_q5 #AI #ecommerce #ecommercetrends #Innovation #startup #startupidea #trends  #marketresearch #markettrends #businessinsights

Get ready to reshape your understanding of Ethnic Grocery E-Commerce in the United Kingdom! We are excited to feature a thrilling article that delves into the impact of machine learning on the ethnic grocery e-commerce sector! Seems jargon? Let “Niyis.co.uk”, the startup at the centre of this innovative evolution, demystify it for you. They're challenging the status quo, revolutionising how ethnic grocery products are sold and delivered to customers. Their secret sauce? Machine Learning! This game-changing approach personalises your shopping experience, recommending products and recipes based on specific data points. Intriguing? Dive in to learn more! Read all about this here: https://UKT.news/?p=12696 #MachineLearning #ECommerce #EthnicGroceries #RetailTechnology #Innovation #Startup #UKTech #Niyis #BisolaAdeniyi

From the buzzing heart of Vilnius, we spot a rising star! Genus AI just locked in a stellar $6M, taking its seed funding to an enviable $11M. 🌟 This isn't mere funding; it's an emblem of the sweeping changes AI promises for e-commerce. Backed by a consortium of influential supporters, including top US social media platforms, the transformative Aleph Group, Inc.—a global nexus of digital experts enhancing digital marketing, and strategic angel investors like Kazuki 💎 Ohta (Co-Founder & CEO of Treasure Data), Magnus Lundin (Founder of Heep Agency), Tomas Slimas (Co-Founder of Oberlo, now part of Shopify), and more, Genus AI is clearly setting the gold standard. 2023 has witnessed Genus AI crafting over 10M product images. With such robust support and their demonstrated capabilities, the horizon for them looks brighter than ever. 🌅 For those fascinated by the convergence of tech, creativity, and commerce, explore this unfolding narrative, steered by Dr. Tadas Jucikas, PhD, the visionary CEO of Genus AI: https://lnkd.in/eCcfdKUj