AI-powered ecommerce recommendation engine Constructor nabs $55M

  • “Online commerce conversions are well behind in-store — the average online shop sees less than 3% in conversions.
  • But even though $4.2 trillion was spent on ecommerce platforms in 2020 alone, few ecommerce retailers have invested in a digital merchandising strategy.
  • It’s estimated that $35.3 billion is lost every year by U.S. businesses in customer churn caused by avoidable customer experience issues, such as fair treatment and responsive service.
  • Constructor competing mostly with older installs built in-house as well as startups like Vue.ai, Syte, and Intellimize.”

https://www.google.com/amp/s/venturebeat.com/2021/09/15/ai-powered-ecommerce-recommendation-engine-constructor-nabs-55m/amp/

Leave a Reply