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Rep AI raised $8.2M in funding led by Osage Venture Partners to further develop their AI sales tool for e-commerce.

PRIVATEAug 28, 2024

Amount Raised

$8.2 Million

Round Type

Seed

New YorkArtificial IntelligenceE CommerceFashionMachine Learning

Investors

Oryzn CapitalFlashpoint Venture CapitalOsage Venture Partners

Description

Rep AI has secured $8.2 million in funding to enhance its AI sales concierge designed for e-commerce. The investment, led by Osage Venture Partners, will aid in advancing the technology aimed at improving online shopping conversions.

Quick answer

Rep AI raised $8.2 Million in a Seed round, dated August 28, 2024. Investors: Oryzn Capital, Flashpoint Venture Capital and Osage Venture Partners. Rep AI is based in New York, New York, United States.

How much did Rep AI raise?
Rep AI raised $8.2 Million in a Seed round on August 28, 2024.
Who invested in Rep AI?
Oryzn Capital, Flashpoint Venture Capital and Osage Venture Partners are named as investors in this round.
What does Rep AI do?
Rep AI is the creator of the world's first AI Concierge designed to enhance e-commerce sales.
Where is Rep AI based and how big is it?
Rep AI is based in New York, New York, United States.
Who are the decision-makers at Rep AI?
Fundz holds 2 contacts at Rep AI, including the VP of Sales. 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 Rep AI that raised within 45 days of this round, from Fundz verified event records.

  • Augmodo raised $5.3M (Seed) on October 2, 2024.
  • Moselle raised $1.7M (Seed) on October 10, 2024.
  • Frate raised $3.6M (Seed) on September 18, 2024.
  • Frate raised $4.2M (Seed) on September 13, 2024.
  • Cavela raised $2M (Seed) on September 12, 2024.
  • Ecomtent raised $850K (Pre-Seed) on September 10, 2024.

Who to call at Rep AI, and when

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

  • An alert the day Rep AI raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Rep AI, from your own LinkedIn network

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Company Information

Company

Rep AI

Location

New York, New York, United States

About

Rep AI is the creator of the world's first AI Concierge designed to enhance e-commerce sales. Founded in 2019, the company utilizes behavioral AI to analyze shopping patterns and provide tailored assistance to online shoppers. This innovative technology aims to address the historically poor conversion rates in e-commerce by offering personalized recommendations and real-time support. Merchant implementations have reportedly achieved 30x ROI within the first month, showcasing Rep AI's impact on sales performance.

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Related People

2 contacts
Verified contactsAron V., VP of SalesSee plans and pricing
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Rep AI 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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