Spresso, a leading provider of AI-powered solutions for e-commerce businesses, announced an initial Series A investment from funds and accounts managed by BlackRock. This funding round will accelerate the company’s global expansion, enabling businesses with a comprehensive suite of data-driven tools for optimizing growth, profitability, and operations.
Spresso’s comprehensive portfolio offers:
1.) Pricing Intelligence – AI-driven algorithms analyze customer and market behavior for data-backed pricing strategies that maximize revenue and profitability.
2.) Commerce Suite – E-commerce platform for building and managing successful online storefronts, ensuring seamless customer experiences.
3.) Spend Management – Advanced analytics deliver real-time spending insights, enabling companies to optimize costs and resource allocation.
This funding supports the growing demand for integrated e-commerce solutions. And Spresso’s track record attracts a diverse customer base, including major international retailers such as the AEON Group, Fortune 500 companies, and renowned consumer brands. And partnerships with industry leaders such as Google Cloud and Snowflake further enhanced Spresso’s ability to innovate and serve an expanding global client base.
BlackRock first made a strategic investment in Spresso in May 2023.
KEY QUOTES:
“BlackRock’s investment signifies their continued confidence in our vision. As seasoned tech and retail operators, we understand the industry’s challenges firsthand. Our interconnected solutions create a flywheel of intelligent pricing, streamlined operations on our commerce platform, and unparalleled insights from spend management analytics – all powered by AI and machine learning.”
– Jared Yaman, CEO of Spresso
“Southeast Asia is a highly competitive market, and Spresso’s solutions have been instrumental in streamlining our ecommerce operations and giving us a strong, competitive edge. Their deep understanding of the region and commitment to innovation make them a trusted and valued partner.”
– AEON CO. (M) BHD. Managing Director Naoya Okada, at AEON
“Spresso’s unique background positions them to solve critical pain points for modern businesses. We are excited to continue to support the company’s growth through this investment.”
– John Doyle, Managing Director on BlackRock’s Global Credit Platform
