Adeptmind Analysis

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Adeptmind Overview

Adeptmind is an AI solution for marketing, targeted at small and medium-sized businesses. Data related to Adeptmind was presented below and in the attached spreadsheet.

Company Overview

  • Adeptmind creates solutions that enable customers to search online by the way they think, in their own language.
  • They use artificial intelligence and deep learning to provide the best shopping experience. Their approach attracts more traffic and produces more sales.

History

  • Adeptmind was founded in September 2016 and is headquartered within Great Lakes Region, Toronto in Canada.
  • The company has not yet acquired or has been acquired by another company. It is still in its startup phase.
  • It had some notable clients like Imperial Motion, Wit Fitness, Decathlon USA, Kol Kid Inc., and Italian Barber among others.
  • The company helped Wit Fitness increase its conversion rate by 3.5x in 3 months.
  • Adeptmind also helped Decathlon USA to increase its revenue by 50% and decrease the site exit rate after search usage by 63%.

Products

Funding

Claims

  • According to the company website, it increases the ROI of its clients by 3.9x.
  • It also promises to increase traffic by 9%.
  • On the retargeted customers, it promises a 4.1x increase in ROI.
  • The company claims to have a solution for the "no results found" problem of small and medium retailers.
  • The company also claims that its platform offers personalized and human-like accuracy from its AI-driven tool.

Team

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Adeptmind Competitors

Adeptmind's competitors are Reflektion, AntVoice, Twiggle, Crobox, Artificial Solutions, Celebros, Conversion Technologies, SLI Systems, Nextopia, and Swiftype. An overview of these companies has been provided in rows 1-3 of the "Competitors" tab of the attached spreadsheet.

ADEPTMIND COMPETITORS

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Adeptmind CL 1

Research has been conducted on Adeptmind competitors Reflektion, AntVoice, and Twiggle. An overview of each company's history is included below. The accompanying spreadsheet includes additional information such as funding and products for each competitor.

Reflektion

  • Reflektion was founded in 2012, and the company aims to create the new standard for individualized customer engagement. The company's "mission is to deliver best-in-class, highly engaging, predictive, and individualized shopping experiences across all online touch points." The brand is designed to address the gap between gaining customer traffic and improving ecommerce conversion rates. The company was founded by Amar Chokhawala who began his tech career at Oracle and then worked as an original member of the Google Adsense team. Chokhawala continues to function as the CEO of Reflektion.

AntVoice

  • AntVoice aims to be the leader in predictive targeting in France as well as internationally. The company was founded in 2011. After only 18 months in operation, the company has already gained more than 90 advertisers in all sectors including brands such as FNAC / Darty, Leclerc, L'Oreal Paris, and Alinea. It is a venture-capital backed private company that also operates in the database software, social/platform software, and business/productivity software fields.

Twiggle

  • Twiggle was founded in 2014 and is headquarted in Tel Aviv. In 2008, current CEO and co-founder Avidor led "led high impact search projects such as Spell Checker, Calculator, and Google Now" for Google Israel. The company has received investments from Alibaba, Yahoo, and The Naspers Group. In 2018 the company received recognition as a Gartner Cool Vendor in digital commerce.


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Adeptmind CL 2

Cropbox was founded on August 19, 2014, and one of its products is Persuasion Software. Artificial Solutions® was founded in 2001 in Stockholm and an example of its include Teneo Software, while Celebros is a privately held company founded in 2000 and it has various products such as Site Search. More details on this research have been entered on this attached spreadsheet. Below is an overview of the topic.

ADEPTMIND CL 2

CROBOX

History

Products

  • Persuasion Software: The Crobox persuasion software leverages a library of over a hundred persuasion techniques to comprehend and activate shopper behavior at every step in the online customer shopping experience.
  • Journey of Influence: The Journey of Influence acts as a guideline for the right steps and experiments that require time to gain in-depth customer intelligence.
  • The clients are persuaded through the Influence journey to take part in the three-year journey towards creating a road map geared towards their business objectives and platform opportunities.
  • Customer intelligence: Crobox helps their clients gain a more comprehensive idea of their customers by offering psychographic data that helps them to make better and more informed marketing communication decisions.

Funding

  • Crobox has raised a total of €1.1 million since inception in seed funding raised in September 2016 by the two major investors, Keadyn and Ventech.

Claims

  • The company claims to "Crobox combines behavioral psychology with AI to drive online performance and purchase intent on leading eCommerce webshops".
  • Crobox is thought to be a team of innovative and passionate experts on a mission to reanalyze the way eCommerce brands commune with and activate their customers.
  • "Crobox deliver real business impact with increased conversions and incremental revenue".

Team

  • Chief Executive Officer: Rodger Buyvoets.
  • Chief Data Officer: Leonard Wolters.
  • Chief Technical Officer: Sjoerd Mulder.
  • Chief Behavioral Officer: Joris Fonteijn.
  • Chief Commercial Officer: Jay Abbott.

ARTIFICIAL SOLUTIONS

History

  • Artificial Solutions® was founded in 2001 in Stockholm, Stockholms Lan, Sweden by Johan A. Gustavsson, Johan Ahlund, and Michael Soderstrom. It is headquartered in Barcelona.
  • The company started off with offices in Stockholm, Hamburg, Barcelona, London, and some offices across Europe, but it recently expanded and development centers in Stockholm, Sweden, and further offices in Spain, UK, Italy, France, Slovenia, Germany, Denmark, Japan, Brazil, and the Netherlands.
  • The company has undergone some major changes in her chief executive team with Lawrence Flynn coming in as CEO in 2010, Chris Bushnell assuming the position of Chief Financial Officer in 2011, and Andy Peart as Chief Marketing & Strategy Officer in 2010.
  • Artificial Solutions International AB acquired Kiwilogic, a software development company, in Jul 2006.
  • Artificial Solutions partners with companies such as KPMG, Cognizant, Deloitte, Swisscom, Sap, and among others.
  • The company has won numerous awards including the 2019 Stevie Awards for Sales & Customer Service.

Products

  • Teneo Software: The teneo platform is used to engage customers with conversational AI across all channel, device or service, irrespective of language.
  • Teneo Enterprise Platform is the only platform specially designed for enterprise use while implementing linguistic and machine learning strategy for optimized performance.

Funding

  • Artificial Solutions has undergone 3 funding rounds in 2008 (venture round), 2013 (serial C), and the latest, a serial D funding in October 2018; the company funding rounds sums up to $34.5 million.
  • One of the Artificial Solutions major funders is Scope Capital Advisory.

Claims

  • Artificial Solutions claims to be the leading specialist in Conversational AI, a technique allowing users to converse with technology with the use of speech, text, touch or gesture.
  • The company also claims that its teneo platform permits creating sophisticated, intelligent applications that feature across 35 languages, multiple platforms, and channels in a short time frame.

Team

  • Chief Executive Officer: Lawrence Flynn.
  • Chief Financial Officer: Chris Bushnell.
  • Chief Operating Officer: Peter Roost.
  • Chief Marketing & Strategy Officer: Andy Peart.
  • Chief Technology Officer: Andreas Wieweg.

CELEBROS CONVERSION TECHNOLOGIES

History

Products

  • Site Search: Celebros boasts of its site search with 250 natural language and semantic algorithm components.
  • Advanced Auto Complete: With Celebros Advanced Auto-complete, customers can be assured of accurate results, relevant banners, and large product images.
  • Intelligent Navigation: With Celebros Intelligence Navigation, customers are assured of powerful navigation, lightening speed, and rich facets.
  • Merchandising Engine: Celebros has a dynamic merchandising navigation tool used to boost sales.
  • Product Recommendations: The product recommendation tool helps to expose customers to more products while increasing average order size.
  • Traffic Builder: Celebros Traffic Builder is designed to assist clients sites with SEO tasks.
  • eConverse: This is a new Search by Voice interface that is capable of enhancing eCommerce capabilities bringing about higher conversion rates.
  • Celastic: Celebros Celastic helps customers to directly leverage the abilities of the customer's data in their possession to drive better ecommerce conversions.
  • Product Finder: This helps or guides customers to their specific product of choice by asking them unique questions.
  • Heatmapping Analytics: The heatmapping analytics solution monitors every click of the customers' mouse movement and scroll.

Funding

Claims

Team

  • Chief Executive Officer: Joseph Shemesh.
  • Chief Financial Officer: Yaron Cohen.
  • Chief Marketing Officer: Jeffrey Tower.

RESEARCH STRATEGY

To complete this request, we leveraged the information made available in the initial request as directed in the criteria to identify the website, overview, and all related information required to complete the request.
Furthermore, we also looked up the different companies through trusted business search directory sites such as Zoominfo, Crunchbase, and Craft to find out about the competitors, funding details while studying the company websites to reveal their claims and members of its C-suite.
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AdeptMind CL 3

SLI System operates in over eight hundred websites and has customers on five continents and available in twenty languages and has received a total of $1 million in funding. Swiftype was founded by Matt Riley and Quin Hoxie in 2012 and is headquartered in San Francisco, the company has received a total of $22.2 million in funding. Our findings have been presented in the attached spreadsheet.

FINDINGS

SLI SYSTEM

  • The company builds learning-based search and navigation technology for eCommerce, corporate sites and publishers. SLI System offers an eCommerce site search product designed specifically for sites that sell products online and require advanced product merchandising.
  • SLI System was founded in 2001 in New Zealand and headquartered in San Francisco. The company eased the process of finding and selling products online when it developed a technology that uses machine learning to continually improve the relevancy of search results. SLI currently serves over a billion search queries per month for businesses in five continents and twenty languages.

Products

  • SLI System offers cloud-based platform of tools to help accelerate eCommerce websites by generating traffic, converting the shoppers to buyers and maximizing the order values. SLI offers the most advanced toolkit to accelerate the client's e-commerce via search, navigation, recommendations, SEO, merchandising and mobile.

Funding

Claims

  • The company claims to be able to help client's increase the revenue generated on their eCommerce sites by connecting their online and mobile shoppers with products they are likely to buy.
  • SLI System operates in over eight hundred websites and has customers on five continents and available in twenty languages.

Team

NEXTOPIA

  • Nextopia was founded by Sanjay Arora in 1999, has an employee size of 101 to 250, and is headquartered in Toronto, Canada. Nextopia was named a 2016 Leading Vendor for eCommerce Site Search and Navigation solutions by Internet Retailer and was acquired by Scaleworks in August 2019.

Product

  • The company helps online retailers acquire new customers, increase average order value, and boost mobile sales by turning browsers into buyers by offering solutions like Site search with Autocomplete, Visual Merchandising, Landing Page Builder, Navigation, Product Recommendations, Email Recommendations, AI-powered personalization for Search, Navigation and Recommendations, Product Finder, and Data Wizard for data preparation.

Claims

  • Nextopia claims to be a leading global provider of eCommerce site search and navigation solutions with over 2,000 customers and also claims to be one of the largest eCommerce employers in Toronto.
  • Nextopia's SaaS-based technology helps online retailers acquire new customers, increase average order value, and boost mobile sales by turning browsers into buyers.
  • The company claims to be a pioneer in Internet search products and services.

Team

SWIFTYPE

  • Swiftype was founded by Matt Riley and Quin Hoxie in 2012 and is headquartered in San Francisco. The company introduced their hosted Site Search solution in 2013, giving businesses and individuals the ability to fully customize the search experience on their websites. In 2017, Swiftype introduced their AI-powered Enterprise Search platform to the market and in the same year, Swiftype was acquired by Elastic.

Products

  • Site Search: Swiftype Site Search helps the client sell more, get the right answer to more people on the platform and surface relevant content for their customers readers and followers.
  • App Search: Helps get access to a set of robust APIs and unprecedented relevance controls to deliver amazing search experiences, all backed by the Elastic Stack.
  • Enterprise Search: With Elastic Enterprise Search, customers have access to a suite of search experiences that help them securely search, discover and organize vast amounts of data quickly, and with ease.
  • Swiftype has received a total of $22.2 million in funding.

Claims

  • Swiftype claims to offer a better way to carry out a search, built with the best search technology, algorithms, content ingestion framework.
  • The company also claims to provide an industry-leading search platform delivers accurate, relevant and customizable search results for businesses.
  • Their suite of products has revolutionized the way people find information across their organization and on public-facing websites.

Team

RESEARCH STRATEGY

We couldn't provide information on the funding rounds of Nextopia, the lack of information could be that the company has not undergone any funding rounds. We began by combing through the company's website for any information on its financials. Unfortunately, the requested information was not available on the company's website.

Next, we searched through business, company databases and professional networking sites such as Craft.co, Crunchbase, Scaleupporto, Bloomberg, Owler, Datafox, among others. There wasn't any information regarding funding rounds of the company after searching through the mentioned databases instead, the sources provided the revenue of the company and on Scaleupporto, the source reported that Nextopia hasn't undergone any funding rounds.

We also searched for mentions of the company on media sites and the company's blog posts. We searched sources like TechCrunch, Forbes, Crunchbase News, Rivard Report, Technology News, among others. There was no information on any funding the company might have received on any of the mentioned sources instead, the information found on the sources includes general news surrounding the company, product launches and reviews. After carrying out an exhaustive search for the company's funding round, there was no information publicly available on the company's funding rounds.


Sources
Sources

From Part 02
From Part 04