Feedvisor Raises $1.7M in Venture Funding
Dynamic repricing solution Feedvisor has raised $1.7 million in venture capital funding, to further develop the product and grow globally.
"Over the past year, Feedvisor have emerged as the clear leader in the Dynamic Pricing space, representing a new wave of Big Data companies using machine learning to make automated, accurate and time-critical decisions" commented Joshua Levinberg, Managing Partner of JAL Ventures, who will be joining the company’s board of directors. "Feedvisor have put together an amazing team of talented, dedicated individuals, and we are confident this investment will help them expand their product offering and rapidly penetrate new markets."
Feedvisor differs from the majority of automatic repricing tools by its use of a self-learning algorithm rather than seller-configured repricing rules.