Clear Demand, a Scottsdale, AZ-based AI price and promotion optimization software provider, announced that it secured strategic investment
Investors
The investment was from M33 Growth, a Boston-based venture and growth-stage investment firm that partners with founders and CEOs who have successfully bootstrapped their companies and are ready to scale rapidly. The firm invests in software, healthcare, and services sectors across North America.
Clear Demand Use of Funds
The company will use the funding to drive growth, foster innovation, and expand its capabilities, ensuring continued value delivery for retail clients in the grocery and convenience store sectors.
About Clear Demand
Clear Demand specializes in intelligent price management and optimization (IPMO) for retail, offering the first omni-channel lifecycle pricing solution that synchronizes prices, promotions, and markdowns online and in-store. Utilizing patented science, Clear Demand analyzes historical sales to understand shopper price sensitivity and develop strategies that consider pricing rules, cost changes, and competitor prices to meet profit and revenue goals. Delivered through a SaaS model on big data, Clear Demand's IPMO solution can be managed from a public or private cloud.
Funding Details
Company: Clear Demand
Raised: Undisclosed
Round: Strategic Investment
Funding Month: August 2024
Lead Investors: M33 Growth
Additional Investors:
Company Website: https://cleardemand.com/
Software Category: Pricing Solutions
Source: https://cleardemand.com/clear-demand-secures-strategic-investment-from-m33-growth-bolsters-leadership-team-with-new-executive-chairman-alex-moorhead/