Optiwise.ai, a Newark, CA-based optimization solutions provider for Walmart sellers, has secured $2.4 million in seed funding.
Along with the funding, Optiwise.ai introduced "Olivia," an interactive AI assistant designed to help Walmart Marketplace sellers optimized their product listings and ads..
Investors
The round was led by StartupXseed Ventures, a venture capital firm founded in 2015 and based in Bangalore, India. The firm focuses on Deep Tech, B2B, and early-stage startups across sectors like SaaS, AI/ML, cybersecurity, and space tech. They invest from seed to early growth stages, supporting startups poised for transformation.
Optiwise.ai Use of Funds
The company will use the funding to expand its Walmart optimization platform. The funds will support Olivia’s growth and development.
About Optiwise.ai
Optiwise.ai offers brands a comprehensive optimization solution that uses GenAI to automatically maximize the effectiveness of ads and product listings, supporting a complete omnichannel strategy. Optiwise.ai integrates sponsored ads, organic campaigns, and product listings into a single solution. Its AI assistant, Olivia, provides personalized recommendations on keywords, pricing, and strategies to boost visibility, optimize spending, and increase sales. With over a million listings optimized and over 12 years as a Walmart Connect Partner, Optiwise.ai has a strong track record of success.
Funding Details
Company: Optiwise.ai Inc.
Raised: $2.4M
Round: Seed Round
Funding Date: October 2024
Lead Investor: StartupXseed Ventures
Additional Investors:
Company Website: https://www.optiwise.ai/
Software Category: Walmart Optimization Solution
Source: https://www.prnewswire.com/news-releases/optiwiseai-secures-2-4m-in-seed-funding-and-launches-genai-powered-personal-assistant-for-sellers-on-walmart-marketplace-302283390.html