Amazon repricing software company Feedvisor has launched a new office in New York, which will serve as their new global headquarters.
In five years, Feedvisor has grown from a small startup to a global company, with offices in Tel Aviv, Seattle, and now New York. Feedvisor machine-learning algorithms are used by hundreds of top-selling businesses on Amazon.
In the last year, Feedvisor has raised $20 million of Series B funding, and now manages over $2 billion in gross merchandise value (GMV) on Amazon.
Many of Feedvisor's clients are located in New York or other East Coast cities, and the city has a robust retail and commerce ecosystem. The company's New York office has grown from three to 26 staff in nine months, including the CEO, VP Marketing, VP Sales, VP Business Development and Chief Customer Officer. They plan to double their headcount by the end of next year, on top of almost 100 people in Tel Aviv.
Amazon repricing company Feedvisor has released the latest version of their popular Buy Box Bible eBook.
The 2016 Buy Box Bible includes all the content of previous versions, including how the Buy Box works, every variable that determines Buy Box winners, how to work with the Buy Box to maximize sales and profits, and crucial differences between the regular Buy Box and the Mobile Buy Box.
It also adds the latest information on the Buy Box impact of Seller-Fulfilled Prime, pro hacks to win the Buy Box and new metrics introduced by Amazon. It can be downloaded here.
The Buy Box Bible is based on Feedvisor's extensive research into the Amazon marketplace, including hundreds of millions of price changes and sales, Buy Box wins and losses, and the performance and behavior of Amazon sellers of all sizes.
Amazon repricing software company Feedvisor has released a new solution for private label sellers.
The new repricing tool is the first of its kind for private label sellers, says Feedvisor. The solution uses machine-learning algorithms to model the demand for private label items based on hundreds of data-points, in order to identify the right price for the item according to the retailer's business goals.
Feedvisor CEO Victor Rosenman said, "We've witnessed an upward trend in private label selling in today's market, but most repricing solutions cannot address the unique challenges private label selling presents. With no competition for these items, many retailers struggle with pricing decisions, and guesswork is often their default baseline."
Private label sellers create unique products by adding their own branding to generic items. This means that there are normally no competing sellers offering exactly the same product on Amazon, but often many similar products with differing branding and sometimes minor design differences.
Feedvisor's new solution enables private label sellers to price their items without inputting any rules or identifying similar products. Instead, Feedvisor's algorithms calculate demand for the product based on historical sales and current market data, enabling accurate pricing that eliminates human bias. This enables private label retailers to increase profit margins, maintain a steady pace of sales, and make accurate purchasing and replenishment decisions.
Rosenman continued, "The private label repricing solution has been developed closely with Feedvisor's customers, and in its beta form has already produced incredible results. In the last two months, some customers have seen their private label sales jump by as high as 58 percent and their profit grow by 65 percent."
A recent Feedvisor and Web Retailer survey found that 17% of Amazon sellers only sell private label products.
Amazon marketplace repricing and analytics software company Feedvisor has received $5 million of new investment.
Feedvisor has closed a $5 million venture funding round led by Square Peg Capital. This latest investment follows the $6M Series A funding in August 2014 and brings Feedvisor's total raised capital to date to $13 million. The round also included participation from existing investors, JAL Ventures and Titanium Investments. The company will use this capital to continue accelerating growth and global business expansion, including opening offices in the US.
"For retailers to stay relevant in today's market, there is an urgent need to adopt a dynamic pricing strategy that reflects ongoing changes in market conditions and the competitive environment," said Victor Rosenman, CEO and Founder of Tel-Aviv based Feedvisor. "Consumers are far more sophisticated, prices more transparent, and online retailers simply cannot sit still and wait."
Feedvisor is used by hundreds of online retailers worldwide to manage over $1.5 billion in gross merchandise volume.
In The Science of Pricing Feedvisor CEO Victor Rosenman talks about:
- Has background as an ecommerce consultant.
- Why algorithmic repricing is preferable to rules-based repricing.
- How Feedvisor calculates the best price to maximize profit.
- What's next for the company.
Source: Web Retailer Blog
Amazon marketplace repricing and analytics tool Feedvisor has unveiled a new brand and website design.
Feedvisor have defined a new concept they call "Algo-Commerce", and have a new tagline which is "The Algo-Commerce Company". Algo-Commerce, says Feedvisor, is the discipline of using big data and machine learning algorithms to make business-critical decisions for online retailers.
"With vast amount of transactions occurring in today's online marketplaces, e-commerce has solidly entered the Big Data age. However, access to Big Data alone is not sufficient." said Victor Rosenman, CEO and Founder of Tel-Aviv based Feedvisor. "Like a refinery that turns oil into fuel, our proprietary machine learning algorithms turn this Big Data into actionable insights and real-time pricing decisions that drive a retailer's business growth. That's what our new brand seeks to encapsulate."
In Algo-Commerce, hundreds of thousands of data-points are analysed in real-time, solving complex problems faster and more effectively than any human-based solution. Based on Feedvisor's extensive research, it combines mathematical and statistical models with predictive analytics to completely eliminate human error in business-critical decision-making.
"As human beings, we naturally carry a set of biases which impact our ability to make accurate pricing decisions," continued Rosenman. "Feedvisor's self-learning algorithms eliminate this bias, driving more effective and powerful results."
Last year Feedvisor's customer base grew 200%, and the company's software now manages over $1 billion in gross merchandise sales.
Amazon marketplace repricing tool Feedvisor has won an award from the Business Intelligence Group (BIG).
The 2015 BIG Innovation Award recognizes innovations in a variety of fields, with 16 companies awarded in total.
"The ability to dynamically change online pricing automatically is clearly an innovation worth of global recognition," said Russ Fordyce, managing director of the Business Intelligence Group. "Feedvisor's technology and platform is clearly a market leader in this space and continues to help online retailers with unique advantages to drive change and revenue in their own businesses. Congratulations to the entire team!"
Feedvisor's technology has won several prestigious industry awards, including the Red Herring Top 100 in 2014 and Frost and Sullivan's Technology Leadership Award 2014.
Amazon dynamic pricing solution Feedvisor has updated their recently launched Revenue Intelligence Dashboard with a new "Unrealized Profit" alert.
Feedvisor's monitoring identifies items that are winning the Amazon Buy Box, but could be winning it at a higher price without affecting sales volume. The "Unrealized Profit" alert highlights those items that could be sold for a higher price but are restricted by the ceiling price which the seller has set.
The Unrealized Profit alert exists alongside four other alerts, which highlight items that are not selling or selling too fast, for example. The Dashboard also enables sellers to see a high-level view of their key performance numbers such as sales and profitability.
The award was based on Frost & Sullivan's research into the analytics-based repricing software market, which concluded that Feedvisor repricing platform offered key advantages ahead of competitors (who were not named in the report).
"Feedvisor employs self-learning algorithms that adapt to various business objectives, thereby completely eliminating the need to define pricing rules or change the rules periodically," said Frost & Sullivan Research Analyst Sathya Vendhan. "Furthermore, as it is not dependent on rule definitions, it can be evolved for use in accurate repricing of stock options when financial laws and rules change often."
Each year, Frost & Sullivan presents this Award to a company that has developed a pioneering technology that not only enhances current products, but also enables the development of newer products and applications.
FeedVisor also won a Red Herring award this year, in April.
Source: PR Newswire
Marketplace repricing system Feedvisor has released a new Revenue Intelligence Dashboard which shows in-depth business information and alerts.
The Dashboard, designed for high volume Amazon merchants, uses self-learning algorithms to display the most useful information. It is the first of its kind for online marketplace sellers, says Feedvisor.
Feedvisor's Vice President of R&D Eyal Lanxner said, "Feedvisor's self-learning algorithms collect and analyze a massive amount of information from thousands of data points, which have until now been used to drive our repricing platform. We have now opened up this rich data to our customers in a clean and intuitive way, providing them with a level of knowledge they simply did not have access to before. Our new Dashboard delivers critical business insights and adaptive alerts, which will play a key role in the day-to-day management of a retailer’s online business."
Feedvisor’s algorithms automatically analyze the competitive environment, product demand, and price elasticity of every product in a seller's inventory. For example, the Dashboard will highlight items that are not selling or selling too fast, show why this is happening, and enable sellers to make any necessary changes.
The new Dashboard has been developed with input from Feedvisor's customers, and tested by selected Amazon Marketplace sellers. As part of the launch, Feedvisor is offering high volume Amazon sellers the chance to try it out free for 14 days.
Provider of automated repricing for Amazon sellers Feedvisor has updated their popular guide to winning the Amazon Buy Box.
The September 2014 edition of the Buy Box Bible has been updated for recent Amazon changes, and includes new sections on the mobile Buy Box, Featured Merchant status, new Amazon terminology, and practical tips for improving seller feedback.
A summary from the original Buy Box Bible is included in Web Retailer's Marketplace Repricing: The Ultimate Guide.
The new Buy Box Bible can be downloaded here (name and email required).
Repricing tool for Amazon marketplace sellers Feedvisor has raised $6 million of venture capital funding.
The investment was led by Square Peg Capital, and follows a $1.7 million round in October 2013 by JAL Ventures, Oryzn Capital and Micro Angel Fund, who also participated in this round.
Feedvisor CEO and founder Victor Rosenman said, "Combining Big Data technology with machine learning algorithms has led to drastically increased performance levels for Feedvisor’s clients, with up to 500% increase in their sales and 40% increase in their profit margins. With this substantial funding round we are looking to further evolve our pricing algorithms and continue developing our BI platform, to optimize every aspect of the retailer’s business operation."
The Feedvisor platform manages inventory worth over $1 billion, says the company.
"This award underpins another great year for the company, one where our platform processed 39m sales orders and 25m parcels shipped" said Paul Watson, CEO at eSellerPro. "The award is a richly deserved accolade for the eSellerPro team and we thank our customers and partners for making it possible with us."
"We are ecstatic about winning the prestigious Red Herring award and view it as a sign that our achievements over the last two years have been recognized by the industry," said Feedvisor’s Co-Founder and CEO, Victor Rosenman, who himself presented at the Forum. "It is testimony to our hard work and a great honor for us. We've developed a solid product and are constantly fine-tuning it according to our customers' needs. It is also reflective of our growing customer base and our high rates of customer satisfaction."
Red Herring's Top 100 Europe list is a mark of distinction for new companies and entrepreneurs. Red Herring’s editors were among the first to recognise that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, and eBay would change the way we live and work.
Amazon repricing solution Feedvisor is a finalist in the Red Herring Top 100 Europe Awards.
"We are extremely pleased and excited about being selected as a Red Herring Finalist," said Feedvisor’s Co-Founder and CEO, Victor Rosenman. "We’ve worked extremely hard to get to the stage where we’re at and in the last few months especially, we’ve made massive strides, developing and fine-tuning our product as well as exponentially increasing our customer base. Being considered for a Red Herring Award is testimony to this hard work and a great honor for us."
The awards take place in Amsterdam in April, bringing together 250 technology entrepreneurs and investors from across Europe. Winners are selected by Red Herring’s editorial team.
Marketplace Repricing: The Ultimate Guide explores the subject of automatic price adjustments on marketplaces such as Amazon and eBay.
Topics include how to get started, how repricing differs between marketplaces, avoiding the “race to the bottom”, and repricing tools including ChannelMAX, RepriceIt, Price Spectre, Mean Repricer, Appeagle, BQool Repricing Central, RepricerExpress, Marketplace Repricing, WisePricer, FeedVisor and Teikametrics
Amazon repricing supplier Feedvisor is running an online marketplaces survey, and will provide participating sellers with a detailed report for free.
The Marketplace Seller Report 2014 will include a benchmarking section, showing how well sellers performed against their competition, what tools and software sellers use, and which marketplaces, categories and products are gaining momentum.
The insights section will show which products and categories to invest in, tte most popular tools and software, and how to continuously win the Amazon Buy Box in 2014.
To receive a copy of the report take Feedvisor's Online Marketplace Seller Survey.
Feedvisor has been nominated in categories including Best E-Commerce Application and Fastest Rising Startup. The Crunchies award ceremony takes place on Monday, February 10, 2014 at Davies Symphony Hall in San Francisco.
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.
Version 2.0 of dynamic marketplace pricing system Feedvisor adds an artifical intelligence repricing algorithm and actionable analytics to its platform.
"This new version of our algorithm combines Big Data with machine learning. It looks at a much broader market environment and analyzes a considerably greater historical dataset than we've ever looked at before, to fine-tune prices and optimize profits," said Victor Rosenman, founder and CEO of Feedvisor. "Our platform uses a closed-loop, learning algorithm. This means that with every sale that goes through our client's account, continuous adjustments are being made that increase the accuracy of our solution for each specific product."
The new version also introduces analytics and alerts to provide insights and add transparency - sellers can now see which items are not selling, which are not priced competitively, and which are having a spike in sales and will soon run out of stock.
Amazon repricing service Feedvisor has launched a new feature which reports in detail on a seller's performance on Amazon.
"FeedVisor is the only company providing profitability analysis for its clients," says Yair Margolin, Feedvisor's CMO. "For example we provide selling-data performance, selling volume, profitability and percentage sales per product resolution. We also provide performance metrics by account, aggregating all products for an inclusive result. Sellers know that it is important to understand individual product performance as well as their collective performance overall".
Amazon repricing solution Feedvisor has launched a new "algorithmic" approach to repricing products for sale on Amazon.
The approach removes the need for complex configuration options to determine pricing, and instead leaves the calculation of an optimal price to intelligent rules created by the FeedVisor developers. Sellers only need define the price range for each product.
"FeedVisor's algorithmic repricing platform is fully automated and is designed to maximize e-Commerce marketplaces effectiveness and in turn, improve profitability," says Rosenman. "Other companies offer repricing tools that are needlessly overcomplicated. They are packed with features and have an extensive learning curve. FeedVisor, on the other hand, offers ease of use as its primary feature. The algorithms do all the work automatically, which frees up the client to focus on making money."
- Feedvisor Amazon Repricer analyzes the competition and identifies a repricing strategy to win the Buy Box.
- PhiConnect Order & Inventory Management is an order processing and inventory management solution for eBay, Amazon, Volusion, Magento, PayPal, Yahoo Store and storefronts.
- SellerSoftware.org is a free web-based eBay and Amazon management solution - the first since Auctiva began charging.
- ShipStation is a web-based shipping solution for eBay, Amazon, Buy.com, Etsy and PayPal.
- Teikametrics Amazon Repricer has features including repricing inclusive of shipping costs, customizable rules and pricing strategy, exclusion lists and FBA repricing.