Birdseye, a Toronto, CA-based artificial intelligence (AI) company specializing in innovative solutions for the retail and e-commerce industry, raised $3M in Seed funding.
The round was led by Drive Capital. Masha Khusid, a partner from Drive Capital, will be joining Birdseye’s board of directors.
The company intends to use the funds to expand operations and its business reach.
Founded by Adam Bogoroch, Shardul Frey and Matt Bogoroch, Birdseye provides a product that helps retailers execute hyper-personalized campaigns. Its technology completes millions of marketing actions to match shoppers with the products they are most likely to be interested in purchasing at any given time and price. This technology is powered by an AI algorithm trained on vast amounts of retail transaction data. In addition, Birdseye’s technology helps retailers detect when they are about to lose a customer and enables them to proactively respond with personalized pricing and product offers to win that customer back.
FinSMEs
22/11/2023