Optiwise.ai Raises $1.3 Million in Funding

by Kay Aloha Villamor November 22nd, 2022

Optiwise.ai, ("Optiwise"), a Newark, CA-based marketplace optimization company, raised $1.3 million in a funding round led by StartupXseed Ventures. 

With the new funds, Optiwise.ai will continue to invest in the product, build a world-class team, and expand its current customer base beyond North America to other emerging eCommerce regions globally.

"I'm thrilled to have StartupXseed as an investment partner on our journey to grow Optiwise.ai. This investment will be used to support additional Walmart capabilities on the platform, allowing sellers to easily replicate their Amazon success on Walmart and propelling our vision of assisting our customers in optimizing their revenue across marketplaces," said Deepak Goyal, Co-Founder, and CEO of Optiwise.ai.

Since its inception, Optiwise.ai has onboarded hundreds of marketplace sellers and assisted them in significantly growing their businesses through its cloud-based platform. 

Optiwise.ai assists brands and retailers in scaling their eCommerce business across multiple marketplaces by combining the power of machine learning and artificial intelligence, and the experience of a seasoned team of data scientists with decades of eCommerce experience to provide actionable insights and optimize performance across marketplaces.

Company: Optiwise.ai, Inc

Raised: $1.3M

Round: Unknown

Funding Month: November 2022

Lead Investors: StartupXseed Ventures

Additional Investors: 

Company Website: https://www.optiwise.ai/

Software Category: Marketplace Optimization Platform

About the Company: Optiwise.ai Inc. is a leading marketplace optimization platform headquartered in Newark, California. Optiwise.ai is a team of eCommerce specialists, data scientists, statistical geeks, strategists, and programmers who have developed a one-of-a-kind SaaS platform that helps brands and retailers replicate their success from one marketplace to another easily and seamlessly. In short, you have an AI-based tool that makes selling on Walmart, Amazon, and other e-commerce marketplaces more effective and productive.

Source: https://www.prnewswire.com/news-releases/marketplace-optimization-platform-optiwiseai-raises-1-3-million-301683657.html

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