Profasee, a Miami, Florida-based dynamic pricing platform that enables Amazon brands to predict the perfect price for every product at each precise moment, raised $2.3 million in a seed round led by Silicon Valley investor Defy.vc.
Profasee plans to use this funding to supercharge its product development roadmap and make some strategic hires, including data scientists and a go-to-market expert.
Company: Profasee Inc.
Round: Seed Round
Funding Month: July 2022
Lead Investors: Defy.vc
Company Website: https://profasee.com/
Software Category: ecommerce
About the Company: Profasee’s dynamic pricing platform enables Amazon brands to predict the perfect price for every product at each precise moment. Amazon shoppers leave behind billions of clues about their behaviors, preferences, and searches. Profasee’s AI analyzes these data points in real-time, combining machine learning, statistical science, and behavioral economics to pinpoint the optimal price. After a quick onboarding process that links their Amazon storefronts with Profasee’s system, users tell Profasee the cost of their product, how much they typically sell the product for, their maximum price, and their minimum price. Profasee handles the rest, dynamically pricing the product in real-time depending on a wide variety of factors such as demand, Amazon rankings, the time of day, and the day of the week.