Linqto’s Vice President of Sales & Business Development Will Petruski gives his take on Bloomreach, the creator of the next-generation platform that helps its customers create, personalize and scale commerce experiences. The company is the largest online retailer behind Amazon.
Bloomreach’s API-first platform is infused with AI technology and is designed to drive the next wave of commerce growth. The company helps its customers create, personalize and scale commerce experiences; servicing over 850 global brands, powering 2.2M daily searches, fueling $300B in digital commerce experiences, representing 25% of all e-commerce experiences in the US and UK.
Bloomreach offers AI-driven merchandising, a content management system, actionable customer insights, and marketing automation solutions. Bloomreach customers have reported a 44% increase in online revenue since the pandemic, which includes big-name brands like Albertsons, Autodesk, Bosch, Neiman Marcus, Puma, REI, Staples, T-Mobile, and Virgin.
Bloomreach has grown 63% year over year and ended 2021 with $117M in annual recurring revenues. According to Grand View Research, the global business to business e-commerce market was valued at $6.6T in 2020 and is expected to expand at an 18.7% Compound Annual Growth Rate from 2021 to 2028. The company’s key Investors include Bain Capital Ventures, New Enterprise Associates, Lightspeed Venture Partners and SalesForce Ventures.
If you want to learn more about, or invest in Bloomreach, visit our website, download our app, or reach out to any one of our LInqto Experts. www.linqto.com
#bloomreach #ecommerce #invest #privateequity