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celect.com

Founded Year

2013

Stage

Acquired | Acquired

Total Raised

$30.05M

About Celect

Celect is a cloud-based, predictive analytics SaaS platform that allows retailers to optimize their overall inventory portfolios in stores and across the supply chain. The technology allows retailers and brands to predict future buying patterns and behavior (both online and in-store) so they can make profitable merchandising, allocation and fulfillment decisions.

Celect Headquarter Location

125 Summer St 15th Floor

Boston, Massachusetts, 02110,

United States

617-951-8624

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Expert Collections containing Celect

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Celect is included in 3 Expert Collections, including Store management tech (In-store retail tech).

S

Store management tech (In-store retail tech)

1,420 items

Startups aiming to work with retailers to improve brick-and-mortar retail store operations.

S

Supply Chain & Logistics Tech

3,926 items

Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).

A

Artificial Intelligence

8,694 items

This collection includes startups selling AI SaaS, using AI algorithms to develop their core products, and those developing hardware to support AI workloads.

Celect Patents

Celect has filed 5 patents.

The 3 most popular patent topics include:

  • Artificial neural networks
  • Classification algorithms
  • Artificial intelligence
patents chart

Application Date

Grant Date

Title

Related Topics

Status

5/15/2018

9/21/2021

Supply chain management, Distribution (business), Manufacturing, Data management, Commerce websites

Grant

Application Date

5/15/2018

Grant Date

9/21/2021

Title

Related Topics

Supply chain management, Distribution (business), Manufacturing, Data management, Commerce websites

Status

Grant

Latest Celect News

06:30 ET AI-Enabled E-Commerce Solutions Market worth US$ 16.8 Billion by 2030 - Exclusive Report by InsightAce Analytic

Feb 2, 2022

News provided by Share this article Share this article JERSEY CITY, N.J., Feb. 2, 2022 /PRNewswire/ -- The newly published report titled "Global AI-Enabled E-Commerce Solutions Market– By Trends, Industry Competition/Company Profiles Analysis, Revenue (US$ Billions) and Forecast Till 2030." features in-depth industry analysis and an extensive market study, exploring its significant factors. According to InsightAce Analytic's latest market intelligence research report, the global AI-Enabled E-Commerce Solutions Market size was valued at US$ 3.71 Billion in 2021, and it is expected to reach US$ 16.8 Billion in 2030, record a promising CAGR of 15.7% from 2021 to 2030. Request Sample Report: https://www.insightaceanalytic.com/request-sample/1198 Software development can be easier with ML and A.I. technologies, making predictive analytics more accurate. The AI-based platform enables a retailer to increase its sales target by reaching the right customer with critical analysis based on the information collected. E-commerce A.I. has transformed the online shopping field with features such as image search, customer-focused search, re-identifying potential customers, visual assistants, and bid data analytics. Newly developed A.I. applications consider various parameters such as purchasing history, product searches, and demographics of customers to measure future buying trends and make product recommendations based on browsing patterns, likely to drive the market growth. The fast implementation of cloud-based platforms, reduced rate of manual errors in development processes, surging use of machine learning-based applications, cost-effective procedures,  rapid adoption of advanced technologies, easy access to real-time data, quick resolution of complaints through artificial intelligence-enabled chat boxes, and increasing government support for the R&D of AI-based platforms are estimated to drive the AI-enabled E-Commerce solutions market over the projected period. Additionally, the recent emergence of Covid-19 has had a significant impact on the AI-enabled E-Commerce solutions market as it has created the need for warehouse automation and management. However, factors such as the complex and time-consuming development procedures, high cost of A.I. solutions, and the lack of skilled professionals may hinder the market growth in the upcoming years. In terms of Region, North America will dominate the AI-enabled E-Commerce solutions market in upcoming years. It will continue its trend over the forecast period 2022-2030, attributed to the fast adoption of advanced technologies, rising online shopping trend, easy access to cloud applications or platforms, increasing R&D investments, and entry of new players in the market. On the other hand, in Europe, growing partnerships within key players and fast adoption of cloud-based platforms will help bloom the market. Asia-Pacific's market is going to expand faster during the forecast years. This growth is attributable to changing lifestyles, technology advancement specifically in Artificial Intelligence, and the increasing rate of online shopping due to digital transformations. Request for ToC/Proposal: https://www.insightaceanalytic.com/report/global-ai-enabled-e-commerce-solutions-market/1198 Major players included in the AI-enabled E-Commerce solutions market are Riskified, Reflektion, Inc., Shelf.ai, Osaro, Sift, AntVoice SAS, Appier Inc, Eversight, Inc., Granify Inc., LivePerson, Inc., Manthan Software Services Pvt. Ltd., PayPal, Inc., Sidecar Interactive, Inc., Tinyclues SAS, Twiggle Ltd., Celect, Inc., Cortexica Vision Systems Ltd., Crobox B.V., Deepomatic SAS, Dynamic Yield Ltd., Emarsys eMarketing, Systems AG, Satisfi Labs, Inc., Staqu Technologies Pvt. Ltd., ViSenze Pte Ltd., and Other Prominent Players. Product innovations, acquisitions, collaborations, partnerships, and R&D activities are key strategies used by players in this market. In July 2021, LivePerson, Inc. acquired German conversational A.I. company e-bot7. The strategic acquisition propels LivePerson's self-service capabilities — empowering brands of all sizes to quickly launch AI-powered messaging experiences — as well as its continued growth across Europe. In February 2021, LivePerson, Inc. launched A.I. Annotator, a new tool automating brand-consumer conservations faster than ever by harnessing agents' expertise to improve Conversational A.I. In August 2019, Nike acquired Boston-based predictive analytics company Celect (A.I. platform), marking its latest acquisition in a string of deals to bolster its direct-to-consumer strategy. This acquisition allowed Nike to integrate their inventories with the website and app of the company. In August 2017, PayPal launched new Innovation Labs at the Chennai and Bangalore Tech centres. The lab is the first by PayPal in India and it is third after the USA and Singapore. The lab works as a platform to promote innovation which is a core value for PayPal globally. The labs support Machine Learning, A.I., Data Science, IoT, AR, V.R., and basic robotics projects. Get the report? @ https://www.insightaceanalytic.com/customisation/1198 AI-Enabled E-Commerce Solutions Market Segments AI-Enabled E-Commerce Solutions Market Size (Value US$ Bn) & Forecasts and Trend Analyses, 2022 to 2030 based on Technology Deep Learning NLP AI-Enabled E-Commerce Solutions Market Size (Value US$ Bn) & Forecasts and Trend Analyses, 2022 to 2030 based on Applications Customer Relationship Management

  • When was Celect founded?

    Celect was founded in 2013.

  • Where is Celect's headquarters?

    Celect's headquarters is located at 125 Summer St, Boston.

  • What is Celect's latest funding round?

    Celect's latest funding round is Acquired.

  • How much did Celect raise?

    Celect raised a total of $30.05M.

  • Who are the investors of Celect?

    Investors of Celect include Nike, August Capital, Activant Capital, Fung Capital, NGP Capital and 3 more.

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