Today Adeptmind, a leading AI retail technology company creating advanced digital discovery solutions for retailers and shopping centres, announced a $6.2M USD Series A investment.
This raise is led by Boston-based VC firm Innospark Ventures. It includes support from property technology firms A/O PropTech and Pi Labs, as well as an investment by leading beauty retailer, Ulta Beauty. The funding will accelerate the research and development of new tools that will amplify personalization and shopper intent, enhance marketing, and drive innovation for the underserved physical shopping experience.
Since launching in 2017, Adeptmind’s technology has been adopted by more than 400 retailers and property owners to offer customers more convenient ways to browse, discover and shop at their favorite shopping destinations, both in-store and online. This includes industry leaders: Bayer Properties, Cadillac Fairview, Centennial REIT, Decathlon, Hammerson, U.S. Polo Association and Ulta Beauty Inc.Adeptmind