Le Lézard
Classified in: Science and technology, Business
Subject: TNM

Snapcommerce acquires Chatkit AI technology used to power top e-commerce websites


TORONTO, Oct. 1, 2020 /CNW/ - Snapcommerce has completed the acquisition of all intellectual property assets of Chatkit Inc., an AI platform purpose-built for e-commerce marketing.

Chatkit was previously used by some of the top D2C e-commerce brands in the world including Draper James, Tamara Mellon, MeUndies, Greats, Rebecca Minkoff, and many more.

"Snapcommerce uses AI to connect consumers with rich and meaningful experiences.", said Hussein Fazal, CEO of Snapcommerce. "Understanding a customer's intent is at the core of what we do. Chatkit's technology will assist us in reaching out to that customer with the right message at the right time to drive sales across verticals."

Snaptravel, the first consumer brand by Snapcommerce has driven over $350 Million USD in sales by building a trusted relationship with consumers and using AI to predict and suggest hotel deals. By creating multiple touchpoints and interactions, Snaptravel is able to generate unique data and insights into the customers purchase intent which can be leveraged to recommend the right product at the right time. This creates a personalized customer experience enabling Snaptravel to be one of the fastest growing consumer companies in the world.

"Snaptravel is a pioneer of using the power of mobile messaging and AI for the travel sector, so I am thrilled that they now have access to the incredible AI developed by our team to assist with their expansion into other e-commerce verticals." said Mazdak Rezvani, CEO of Chatkit.

SOURCE Snaptravel


These press releases may also interest you

at 01:45
Event sponsors Activision Blizzard, Call of Duty Endowment, Amazon Studios, AT&T, WarnerMedia, Comcast NBCUniversal, Bad Robot, Deloitte, FOX, LinkedIn, Sony Pictures Entertainment, Paramount Pictures and ViacomCBS Veterans Network present a two-day...

at 01:35
Teck Resources Limited ("Teck") today announced its third quarter 2020 results, and provided an update on the significant progress made to advance priority projects and reduce costs. "We made significant progress during the quarter on our priority...

at 00:34
One of the most challenging tasks for Western scholars is understanding China. The differences in their cultures overshadow the interpretation of China in Western discourse. As a result, China is regularly portrayed according to Western expectations...

at 00:30
StorageUnits.com, a reliable and easy guide for the most convenient, secure, and affordable storage facilities, has announced the Best Self-Storage Units in Glendale, AZ The research identifies 21 top storage unit facilities in the city based on...

at 00:25
StorageUnits.com, a reliable and easy guide for the most convenient, secure, and affordable storage facilities, has announced the Best Self-Storage Units in Conroe, TX The research identifies 20 top storage unit facilities in the city based on...

at 00:15
Highlights1Performance during the third quarter of 2020 has improved from the prior two quarters, with profit before tax increasing in two of our three global businesses. Lower charges from expected credit losses are the result of the improving...



News published on 1 october 2020 at 14:05 and distributed by: