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Zoovu and Shopware Partner to Ease Online Product Discovery for B2C and B2B Buyers through AI-Powered Solutions

Sep 05, 2024•over 1 year ago

Contract Type

partnership

Boston

Description

Zoovu and Shopware announced a strategic partnership, providing Shopware’s 100,000 customers access to Zoovu’s AI-powered search and product discovery platform. The integration of Zoovu’s AI-powered solutions with the Shopware platform transforms the ecommerce experience for both B2C and B2B companies.

Company Information

Company

Zoovu

Location

Boston, Massachusetts, United States

About

But Mullen argues that the platform in many ways anticipated the digital transformations countless companies have undergone starting in 2020. Using this information, the platform can automatically adjust different flows, including configurators, in real time to optimize for conversions and other business objectives. Zoovu competes on many different fronts, but the company sees Coveo, Lucidworks, and Algolia as its chief rivals. Zoovu was founded two years before the pandemic began, in 2018. RMG reports that 12% of senior merchants have “no plans” to adopt AI as of 2021, due to a lack of expertise to manage a pilot, high costs, unorganized data, and a lack of understanding about the benefits of AI.KitchenAid used Zoovu to create a configuration tool on its website. But Zoovu received a huge vote of confidence today with the closure of a $169 million funding round led by FTV Capital, which brings the company’s total raised to more than $200 million. Zoovu now has over 2,500 customers and that over 10 million people interact with the platform daily.

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Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
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Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months