The profile is currenly unclaimed by the seller. All information is provided by CB Insights.

Founded Year

1996

Stage

Unattributed VC | Alive

Total Raised

$37.5M

Last Raised

$37.5M | 22 yrs ago

About ShopLink.com

ShopLink.com is a Internet/eCommerce company based in Westwood, Massachusetts. ShopLink.com's investors include Quantum Industrial Holdings, Soros Fund Management, Ironside Capital Group, Accenture, TowerBrook Capital Partners and BancBoston Capital.

ShopLink.com Headquarter Location

400 Blue Hill Drive

Westwood, Massachusetts, 02090,

United States

781-407-5300

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Expert Collections containing ShopLink.com

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

ShopLink.com is included in 2 Expert Collections, including E-Commerce.

E

E-Commerce

9,599 items

A

Advanced Manufacturing

1,525 items

Latest ShopLink.com News

BWG Foods To Trial AI-Powered Predictive Stock Management System

Jan 19, 2022

BWG Foods To Trial AI-Powered Predictive Stock Management System 19th January 2022 BWG Foods has become the first grocery retailer in Ireland to spearhead an intelligent ordering platform, ShopLink Pro, developed by US-based AI leader R4 Technologies, as part of a new pilot scheme taking place across its retail network. Traditional ordering platforms rely on past data, creating a replenishment-based order by analysing what has sold, taking into account safety stock in order to predict what retailers should purchase. However, this new solution, built onto BWG Foods’ e-commerce system, continually uses predictive intelligence to make daily forecasts for retailers based on what consumers will want to purchase in the future. ShopLink Pro will be trialled in 22 stores within the BWG Foods retail estate. The business will then look to provide the solution to independent retailers across its network of more than 1,000 SPAR, EUROSPAR, MACE, LONDIS, and XL stores in Ireland. Overlaying an AI module to the existing retail platform, ShopLink Pro processes the EPOS Data from the full retail network while gathering 240 additional data points, from weather and local events to social media as well as demographic and census data. The system uses the data to compile an analysis of predicted consumer demand for in-store products, allowing for smarter forecasting of stock requirements. Additionally, the solution takes into account business promotions and category management to deliver a 21-day, 14 day and 7-day sales forecast. Retailers will benefit from the creation of a fully automated daily replenishment order of goods, and the system also suggests new products to specific stores to enhance their sales and meet local consumer needs. ShopLink Pro will also provide BWG Foods with a complete view of the demand for products across its supply chain in a way that was not available previously. BWG Foods Chief Information Officer Chris Donnelly commented: “ShopLink Pro has the potential to be a real game-changer for our retailers in 2022, transforming how they manage their offerings by understanding what their customers will wish to purchase in the near future. This is a really exciting proposition that brings an added layer of intelligence to better understand what our customers are looking for across different regions and environments in Ireland at any given time. “There is huge potential for this solution to transform our operations in relation to category management and product waste, logistics, stock management and to create a genuinely tailored in-store experience that is capable of changing with demand with intelligent predictions and forecasting. It also has the potential to change the consumer’s shopping experience with offerings that are highly tailored to their unique needs, ultimately leading to better satisfied customers.” TAGS

  • When was ShopLink.com founded?

    ShopLink.com was founded in 1996.

  • Where is ShopLink.com's headquarters?

    ShopLink.com's headquarters is located at 400 Blue Hill Drive, Westwood.

  • What is ShopLink.com's latest funding round?

    ShopLink.com's latest funding round is Unattributed VC.

  • How much did ShopLink.com raise?

    ShopLink.com raised a total of $37.5M.

  • Who are the investors of ShopLink.com?

    Investors of ShopLink.com include Accenture, BancBoston Capital, Quantum Industrial Holdings, Soros Fund Management, Ironside Ventures and 3 more.

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.