Perfect Price, an Oakland, CA-based provider of an AI driven pricing and revenue management platform, raised $5.8m in seed funding.
Investors included:
– Steven Tamm, EVP of engineering at Salesforce;
– Erik Eccles, CEO of UrbanDoor and former CEO and founder of Versly (acquired by Cisco);
– Dustin Robertson, CMO at Drip.com and founding CMO of Backcountry.com; and
– others.
The company intends to use the funds to open a new Oakland, California headquarters and scale its engineering, operations, and go-to-market teams.
Led by Alex Sharsis, Co-founder and CEO, Perfect Price provides an AI driven, SaaS-based pricing platform that automatically optimizes product prices In real time, given demand, availability, and market conditions.
The Perfect Price platform, previously in beta, uses a combination of machine learning and big data analysis to anticipate the prices consumers are willing to pay for specific goods and services at any given moment in time — taking into account a wide variety of marketplace conditions and consumer behaviors that affect supply and demand — and automatically optimizes prices accordingly in real time to maximize a company’s revenue performance.
FinSMEs
09/10/2018