Depict.ai raises $17M to give e-commerce sites Amazon-level product recommendation muscle

Platforms
Written By Rick Watson

Depict.ai has built a product recommendation tool — which it believes can help any retailer sell like Amazon. Depict.ai’s basic premise is that Amazon’s algorithms work so well because they have so much data on their platform about what you, and people similar to you, are buying.

One of the things I don't get about this platform is it is scraping data from all over the web to build recommendations. It's almost like they want to get acquired by one of the major affiliate sites like ShopStyle.

TechCrunch: Depict.ai raises $17M to give e-commerce sites Amazon-level product recommendation muscle

Rick Watson

Rick Watson founded RMW Commerce Consulting after spending 20+ years as a technology entrepreneur and operator exclusively in the eCommerce industry with companies like ChannelAdvisor, BarnesandNoble.com, Merchantry, and Pitney Bowes.

Watson’s work today is centered on supporting investors and management teams incubating and growing direct-to-consumer businesses. Most recently, in partnership with WHP Global, Rick was a critical resource in architecting the WHP+ platform, a new turnkey direct to consumer digital e-commerce platform that powers AnneKlein.com and JosephAbboud.com.

Watson also hosts a weekly podcast, Watson Weekly, where he shares an unbiased, unfiltered expert take on the retail sector’s biggest players.

In the past year alone, Rick has spoken at many in-person and virtual events as well as podcasts on topics ranging from retail/ecom to supply chain/logistics and even digital grocery including CommerceNext IRL, ASCM Connect, and Retail Innovation Conference.

https://www.rmwcommerce.com/
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