What is Automat?
Founded in 2016, Automat specializes in leveraging AI to create personalized shopping journeys for businesses. By analyzing customer needs through interactive questioning and active listening, the platform recommends tailored products and bundles, directly contributing to increased sales conversions. The company operates within the rapidly evolving e-commerce landscape, where personalized customer engagement is a key differentiator for driving revenue and customer loyalty. Automat's technology aims to bridge the gap between online browsing and in-store consultative selling.
How much funding has Automat raised?
Automat has raised a total of $8.3M across 1 funding round:
Series A
$8.3M
Series A (2017): $8.3M with participation from You and Mr Jones, Real Ventures, Relay Ventures, Comcast Ventures, Omidyar Technology Ventures, and USAA
Key Investors in Automat
You and Mr Jones
You & Mr Jones is the world's first Brandtech group, focused on helping businesses build brands more effectively using technology. They invest in companies at the intersection of mobile, content, and brand strategy.
Comcast Ventures
Comcast Ventures is the venture capital arm of Comcast Corporation, investing in consumer, enterprise, and frontier technology companies. They provide capital and strategic support to businesses in technology, finance, and operations.
Omidyar Technology Ventures
Omidyar Technology Ventures is an early-stage venture capital firm that invests in entrepreneurs with bold and transformative ideas. They focus on supporting founders pursuing innovative solutions in large markets.
What's next for Automat?
With the recent influx of major strategic investment, Automat is poised for accelerated growth and innovation. The company is likely to focus on expanding its technological capabilities, enhancing its AI-driven recommendation engine, and broadening its market reach. This capital infusion will enable Automat to further solidify its position as a leader in personalized e-commerce solutions, potentially exploring new verticals or deepening its existing customer relationships. The strategic nature of the investment suggests a focus on synergistic growth and market penetration.
See full Automat company page
