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Security Type
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Equity
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Categories
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Other
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Min Investment
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$300
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Offering Date
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December 19, 2019
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Expected Close Date
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June 15, 2020
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Target Raise
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$10.00K-$1.07M
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Deal Notes
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Security Name: Common Stock
$2.00 per share
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Valuation
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$26,000,000
Company Description
Commerce.AI is an AI-powered system that sees, reads, and listens to the world’s product information with Deep Product Learning technology. This technology helps retailers and brands understand what customers are saying about products at the granular feature level. When the AI starts to understand which product features work well, it can empower humans to do what we are best at: build great products and sell with confidence!
Perks
Investor Merch ($600+) Invest $600+ and we’ll send you with a Commerce.AI sweatshirt only available to our StartEngine investor community
Viewing Access ($1800+) Invest $1,800+ and get access to the company’s quarterly overview and quarterly investor video conference plus get the Investor Merch reward
Group Access ($5,400+) Invest $5,400+ and get access to an intimate call between a limited number of investors and our founding team plus get the Viewing Access reward will offer 10% additional bonus shares for all investments that are committed by StartEngine Crowdfunding Inc. shareholders who invested over $1,000 or made at least two investments in StartEngine's own offerings.
*All perks occur when the offering is completed.
Key Deal Facts
Founder sold his previous startup to Flipkart group, and Flipkart was then sold to Walmart for $16B. Proven team with Stanford, MIT Ph.Ds.
Paying customers include Walmart, Coca-Cola, Unilever, Chanel, Rakuten, Midea, Netgear, USPS, Cisco, and more.
$40B business intelligence market growing at CAGR of 26.98%
Use of Proceeds
Marketing, Research & Development, StartEngine Platform Fees
Management Team / Advisory Board Bios
Andy Pandharikar
CEO, Founder and Director
Andy Pandharikar is the CEO, Founder and Director of Commerce.AI. Before that, Andy founded Fitiquette based in San Francisco. It was acquired by Flipkart group. Flipkart was acquired by Walmart for $16B. Fitiquette was a Techcrunch Disrupt Finalist from 2012. Andy held various product and engineering positions at Cisco. He is also a member of SF Angels Group and has invested in a number of startups as an angel investor. He attended M.S. in Management Science and Engineering at Stanford University and an Executive Degree at Harvard Business School. Andy is an outdoor enthusiast, an ultramarathoner, and a certified lead rock climber.
Lu Feng
Co-Founder and Head of Data Science
Before joining Commerce.AI founding team, Lu was a researcher at MIT. She finished her Ph.D. from MIT. Growing up in a family of mathematicians, Lu has always been fascinated by large scale unstructured data. She is also a prolific writer, writing fiction since she was 12. These passions attracted her to Commerce.AI's goal of building a massive AI platform that understands all the world's products. Lu is also a National Science Foundation Graduate Research Fellow and a Penn State Schreyer Honors Scholar.
Goncalo Gil
Co-Founder and Head of AI
Goncalo is building AI/Deep Learning for Commerce.AI. Before finishing his Ph.D from Stanford, Goncalo has been a successful tech entrepreneur. He brings in vast expertise in academic and professional disciplines. He has worked at the European Space Agency (ESA), studied fluid dynamics, and professionally competed to build a predictive model for the stock market. His keen interest in photography, combined with a quest to build an AI that truly understands images, has resulted in several projects and publications in deep learning.
Nate Orlin
Co-Founder and Head of Engineering
Nate is the Co founder of Commerce.AI. He is responsible for core technology product and all things engineering for the company. Before that he spent four years at IBM building enterprise grade large scale software empowering services related to IBM Watson. He has a deep passion for technology systems and architecture. Before that, he spent time at Cisco where he worked together with Andy. Nate holds BS in Computer Science from Stanford University. He is also a pro gamer and has earned several battle scars which he likes to share only in person!
Deal Notes
Security Name: Common Stock
$2.00 per share