Constructor's AI-Powered Success Story: Revolutionizing E-commerce Product Discovery
June 18, 2024, 9:33 pm
Location: United States, California, San Francisco
Founded date: 2015
Total raised: $85M
Location: United States, Maryland, Baltimore
Employees: 10001+
Founded date: 1996
Total raised: $100M
Constructor, a prominent player in the realm of AI-powered product discovery and search platforms for enterprise e-commerce companies, recently made waves in the industry by successfully closing a $25 million Series B funding round. This significant milestone catapulted the company's valuation to an impressive $550 million, marking a nearly threefold increase since its Series A round in 2021. The funding round, spearheaded by Sapphire Ventures and Silversmith Capital Partners, underscores Constructor's unwavering commitment to innovation and growth.
Constructor's core mission revolves around leveraging advanced AI technology to enhance the e-commerce product discovery process and drive rapid international expansion. By harnessing the power of clickstream-based AI, the company aims to redefine how shoppers interact with online platforms, ultimately delivering a more personalized and seamless shopping experience.
The success of Constructor is not merely confined to financial metrics but is also reflected in its track record of exceptional performance and customer satisfaction. The company's recent achievements include doubling its revenue for the third consecutive year, facilitating over 100 billion shopper interactions in the past six months, and witnessing a substantial increase in both headcount and customer base.
Leading e-commerce giants such as Under Armour, Petco, Sephora, Birkenstock, and Target Australia have entrusted Constructor's AI technology to optimize product discovery and enhance the overall shopping experience for their customers. Constructor's AI Shopping Assistant (ASA), an award-winning conversational product discovery tool, has garnered acclaim for its seamless integration of generative AI and personalization technology.
Furthermore, Constructor's expansion into international markets, particularly across Europe, the Middle East, and Africa (EMEA), has been met with resounding success. The company has tripled its revenue in these regions since 2022 and significantly increased its customer-facing headcount to meet the growing demand for its innovative solutions.
Eli Finkelshteyn, CEO and Co-founder of Constructor, emphasized the company's unwavering dedication to customer-centric innovation. He highlighted the importance of using the recent funding to further enhance the customer experience and drive value for clients worldwide. Through strategic partnerships with industry leaders like Sapphire Ventures and Silversmith Capital Partners, Constructor is poised to expand its e-commerce functionality and reach new geographies, solidifying its position as a trailblazer in the AI-driven e-commerce landscape.
The success stories of companies like Petco, which experienced a significant increase in e-commerce conversions and revenue after implementing Constructor's technology, serve as a testament to the transformative impact of AI in the retail sector. Constructor's transparent and customer-centric approach has set it apart from competitors, earning accolades from industry experts and clients alike.
In a rapidly evolving digital landscape, Constructor's AI-first approach is reshaping the way businesses approach product discovery and customer engagement. By prioritizing innovation, customer success, and strategic partnerships, Constructor is paving the way for a new era of hyper-personalized shopping experiences that deliver tangible results for businesses and consumers worldwide.
Constructor's core mission revolves around leveraging advanced AI technology to enhance the e-commerce product discovery process and drive rapid international expansion. By harnessing the power of clickstream-based AI, the company aims to redefine how shoppers interact with online platforms, ultimately delivering a more personalized and seamless shopping experience.
The success of Constructor is not merely confined to financial metrics but is also reflected in its track record of exceptional performance and customer satisfaction. The company's recent achievements include doubling its revenue for the third consecutive year, facilitating over 100 billion shopper interactions in the past six months, and witnessing a substantial increase in both headcount and customer base.
Leading e-commerce giants such as Under Armour, Petco, Sephora, Birkenstock, and Target Australia have entrusted Constructor's AI technology to optimize product discovery and enhance the overall shopping experience for their customers. Constructor's AI Shopping Assistant (ASA), an award-winning conversational product discovery tool, has garnered acclaim for its seamless integration of generative AI and personalization technology.
Furthermore, Constructor's expansion into international markets, particularly across Europe, the Middle East, and Africa (EMEA), has been met with resounding success. The company has tripled its revenue in these regions since 2022 and significantly increased its customer-facing headcount to meet the growing demand for its innovative solutions.
Eli Finkelshteyn, CEO and Co-founder of Constructor, emphasized the company's unwavering dedication to customer-centric innovation. He highlighted the importance of using the recent funding to further enhance the customer experience and drive value for clients worldwide. Through strategic partnerships with industry leaders like Sapphire Ventures and Silversmith Capital Partners, Constructor is poised to expand its e-commerce functionality and reach new geographies, solidifying its position as a trailblazer in the AI-driven e-commerce landscape.
The success stories of companies like Petco, which experienced a significant increase in e-commerce conversions and revenue after implementing Constructor's technology, serve as a testament to the transformative impact of AI in the retail sector. Constructor's transparent and customer-centric approach has set it apart from competitors, earning accolades from industry experts and clients alike.
In a rapidly evolving digital landscape, Constructor's AI-first approach is reshaping the way businesses approach product discovery and customer engagement. By prioritizing innovation, customer success, and strategic partnerships, Constructor is paving the way for a new era of hyper-personalized shopping experiences that deliver tangible results for businesses and consumers worldwide.