Fundz

Netail Closes Seed Funding To Advance Retail-Focused Ai Development

PRIVATENov 29, 2022

Round Type

Seed

PittsburghSoftwareArtificial IntelligenceE CommerceFashionRetailAnalyticsMachine LearningRetail Technology

Investors

Hkstp VenturesAI FundMagarac Venture Partners

Description

Netail, a technology that enables retailers to auto-identify competitors across the internet and track their assortments, availability and optimize prices in real time, today announced the closing of $5M in seed funding. The round was co-led by Magarac Venture Partners (MVP), which provides early-stage venture capital to dynamic entrepreneurs and successful technology companies throughout the Midwest, and Dr. Andrew Ng's AI Fund. Other investors include HKSTP Ventures.

Quick answer

Netail raised an undisclosed amount in a Seed round, dated November 29, 2022. Investors: Hkstp Ventures, AI Fund and Magarac Venture Partners. Netail is based in Pittsburgh, Pennsylvania, United States.

How much did Netail raise?
Netail raised an undisclosed amount in a Seed round on November 29, 2022.
Who invested in Netail?
Hkstp Ventures, AI Fund and Magarac Venture Partners are named as investors in this round.
What does Netail do?
Netail is an easy-to-use technology that helps retailers see their market from a customer perspective, and the thousands of alternative shopping options that are now available through online shopping and search.
Where is Netail based and how big is it?
Netail is based in Pittsburgh, Pennsylvania, United States.
Who are the decision-makers at Netail?
Fundz holds 3 contacts at Netail, including the Chief Executive Officer. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in E Commerce and Fashion around the same time

Companies in the same sectors as Netail that raised within 45 days of this round, from Fundz verified event records.

  • Enhesa raised an undisclosed amount on January 10, 2023.
  • Exyn Technologies raised $35M (Funding Round) on December 23, 2022.
  • Kuona raised $6M (Funding Round) on December 16, 2022.
  • Recast raised $3.4M (Seed) on December 15, 2022.
  • Chattermill raised $26M (Funding Round) on December 6, 2022.
  • Frame Ai raised $7.6M (Funding Round) on November 30, 2022.

Who to call at Netail, and when

A new round usually means Netail is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Netail

Location

Pittsburgh, Pennsylvania, United States

About

Netail is an easy-to-use technology that helps retailers see their market from a customer perspective, and the thousands of alternative shopping options that are now available through online shopping and search. Netail scans the web and auto-identifies competitive products, providing real-time competitive intelligence for pricing and assortment decisions. Using business rules and AI-based optimization, Netail helps retailers attract and convert more customers, without sacrificing brand values. Without Netail, retailers are faced with large increments in digital marketing spending and declining ROI.

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Fundz sees it the moment Netail raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

3 contacts
Verified contactsMark, Chief Executive Officer hidden hidden hiddenSee plans and pricing
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Netail raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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