Optiversal, a St. Petersburg, FL-based generative AI content provider that accelerates content creation for large retail enterprises, has successfully raised $4.2 million in seed funding.
The funding round was led by Bling Capital, with participation from Alpaca Ventures and Red Sea Ventures. Optiversal aims to eliminate operational and technical barriers in content production for retailers, enabling them to generate relevant, high-quality content at scale.
The funds secured will be used to accelerate Optiversal's growth by investing in product development, technology, and infrastructure, and meeting the increasing demands of its customers.
The company aims to further enhance its AI-powered content creation platform to continue delivering transformative solutions to retail enterprises.
"We founded Optiversal with the goal of revolutionizing the way retailers approach content creation," said Will Underwood, CEO and Founder of Optiversal. "Our platform addresses the challenges faced by large retail enterprises in generating high-quality, engaging content at scale. Our ability to develop custom AI models tailored to each of our customer's unique voices, enables them to maintain a consistent and distinct brand voice across all marketing channels while significantly reducing the time and effort required to produce high-quality content. We're thrilled to have the backing of investors like Bling Capital, Alpaca Ventures, and Red Sea Ventures, who share our vision for transforming the retail industry through AI-powered content creation solutions."
Company: VZG, LLC
Raised: $4.2M
Round: Seed Round
Funding Month: July 2023
Lead Investors: Bling Capital
Additional Investors: Alpaca Ventures, and Red Sea Ventures
Company Website: https://optiversal.com/
Software Category: AI-Powered Content Platform for Retail
About the Company: Founded in 2022 by Will Underwood, Lucas Tieleman, and Jarrod Wolf, Optiversal provides AI, NLP, and GPT-3-powered content and merchandising solutions. The company accelerates the content creation process from ideation to publication by producing content suggestions based on the product catalog. Since its launch, the Optiversal platform has transformed missed content opportunities into traffic-generating landing pages, resulting in significant revenue growth for enterprises while enhancing the consumer experience. The company works with some of the largest brands and retailers to modernize the way they produce and consume content.
Source: https://www.prnewswire.com/news-releases/optiversal-announces-4-2m-in-seed-funding-to-power-retailer-content-with-generative-ai-301869228.html