CB Insights AI 100 for 2018

“The AI 100 recognizes the teams and technologies that are successfully using AI to solve big challenges. The award winners were announced in December 2017 at the A-ha! conference hosted at SFJAZZ in San Francisco on December 12 & 13.

Last year’s AI 100 enjoyed amazing success in the year since earning this recognition. 55 of them went on to raise additional funding nearing $2B and 5 were acquired.”

Reflektion Named One of the World’s Top 100 Most Promising AI Companies

  • Leading retail brands such as TOMS, Ann Taylor, Sur La Table, Godiva and Destination XL rely on Reflektion’s AI solutions to combine individual shopper insights, product intelligence, and deep learning to create impactful ecommerce experiences that translate to double-digit increases in key metrics such as conversion rate and average order value.
  • This 2017 recognition from CB Insights builds upon Reflektion’s momentum in the ecommerce space. In 2016, the company was named a Gartner Cool Vendor in Digital Commerce Marketing, and in 2015 it won Shop.org’s Digital Commerce Startup of the Year award.

7 Examples of AI in Retail and e-Commerce (Nanalyze)

Our friends at CB Insights have developed a new infographic titled “Artificial Intelligence in Commerce Market Map.” As usual, they’ve done a really nice job, and I’ve discovered a few new companies that I’ll review in the coming weeks. 

I know it’s extremely difficult to include every vendor in the ai eCommerce space; however, there were a few missing that I expected to see: Sentient, BoomTrain, Cloud-IQ, LiftIgniter, Neowize, WACUL, Apptus. Check out this post with infographic that I wrote in April titled “Top10 Data Points for AI eCommerce.” 

Here are a few key points from the post:
  • “Proving once again that there isn’t a space that can’t be reshaped by AI, our friends at CB Insights mapped the startups disrupting retail and e-commerce using artificial intelligence (AI). Syncing online and real-world inventories is just the tip of the iceberg when it comes to converting retail to a 21st-century endeavor. The applications are broad enough, in fact, that CBO’s map covers 11 different categories.”
  • “The Baymard Institute was nice enough to compile the average of 37 different studies on shopping cart abandonment and found that 69 percent of shoppers did not complete the purchase in their cart. That is a problem hungry for a solution.”
  • (Granify) “The company promises its customers an incremental revenue gain of 3 to 5 percent within 90 days. “
  • (Reflektion) “By modeling millions of users every day and predicting with high confidence what customers will do next, the software responds to real-time individual shopper intent, increasing conversions and revenue by +20%.”