PayPal Acquires AI-Powered Retail Prediction Platform Jetlore

In May 2018, PayPal has acquired Jetlore, a San Mateo, Calif.-based AI-powered prediction platform for top retailers.

The amount of the deal was not disclosed.

Founded in 2011 by Ph.D. students from Stanford University’s computer science program with the goal of applying machine learning to the retail market, Jetlore has developed a proprietary prediction platform that allows global online retailers such as Uniqlo and Nordstrom Rack to deliver personalized customer experiences to increase sales and loyalty.
The company is led by Eldar Sadikov, Montse Medina and Sergey Andreev, who have joined PayPal.

With Jetlore’s team and AI-powered technology, PayPal will enhance and accelerate its marketing solutions, adding new capabilities that continue to expand its value proposition for merchants beyond the online checkout experience.



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