CB4 Analytics News
11 articles
Gap acquires Israeli retail analytics co CB4
US clothing and accessories retailer Gap Inc. has acquired Israeli retail analytics company CB4. The financial details of the acquisition were not disclosed. CB4 develops AI and machine learning solutions that improve the shopping experience for store teams and customers. CB4 has raised $22 million in funding from investors including Sequoia Capital, Pereg Ventures, Sonae IM, and Octopus Ventures. Gap Inc. believes that AI and machine learning will shape the future of the industry and sees the potential of CB4s technology to enhance sales, inventory management, and consumer insights. As part of the acquisition, CB4s team will join Gap Inc. as full-time employees.
Acquisition
Blain's Farm & Fleet Partners with CB4 to Uncover Sales Opportunities in Stores
Blains Farm & Fleet, a Midwest retail company, has partnered with CB4, a technology firm, to improve sales and customer experience. CB4 uses powerful algorithms to identify item-specific sales opportunities at the store level, helping store teams make simple in-store adjustments to boost sales. The partnership has resulted in time savings for Blains store teams and a positive impact on sales. CB4 has been adopted by leading retailers and has seen significant growth in the number of stores using its technology. Blains Farm & Fleet is known for its wide range of products and commitment to serving hard-working communities.
Customers
CB4 Announces Partnership with Spanish Supermarket Giant Eroski to Streamline Operational Execution
CB4 and Eroski have announced a partnership to improve store execution and customer experience during Covid-19 and beyond. Eroski, a leading supermarket chain in Spain, aims to ensure products are available and buyable for customers during the pandemic. CB4 helps Eroski store managers identify issues that prevent shoppers from buying high-demand products and provides quick in-store fixes to boost sales. The partnership with Eroski is part of CB4s growth strategy, as they have recently partnered with other food retailers as well. The technology provider is growing based on its ease of adoption, clear ROI, and use of near-real-time selling data. The partnership is expected to help grocers work smarter and more efficiently for their customers.
Customers
CB4 Partners with Kum & Go to Drive In-store Experience and Floor Execution
Des Moines-based retailer Kum & Go has partnered with CB4 to identify sales opportunities and improve operational execution. The retailer has grown into an industry giant with 400 stores in 11 states by focusing on making every trip to the store easier for customers. Retailers are equipping store associates with AI-powered tools like CB4 to offer a more convenient and easy experience than their competitors. CB4 helps convenience store managers find opportunities to boost sales by making simple in-store adjustments. CB4s technology has been adopted by leading brick and mortar retailers, and the company is a proud partner of Sequoia Capital.
CustomersPartners
CB4 is Honored in Built In NYC's Prestigious Best Places to Work List in 2020
CB4 has been included on Built In NYCs list of Best Places to Work in 2020. The company is honored to be recognized and attributes its success to its employees excellence in working with customers and kindness towards each other. CB4 uses AI software to analyze POS data and resolve physical issues in brick-and-mortar stores. Built In helps tech professionals stay updated on tech news, expand their networks, and find opportunities at companies they believe in. The list of Best Places to Work is determined algorithmically based on compensation data and employer benefits.
Customers
Handy Mart Renews Partnership with CB4 to Equip Store Managers with Artificial Intelligence
CB4 and E.J. Pope and Son, Inc. have renewed their partnership to improve customer experience and increase same-store growth in Handy Mart convenience store locations. CB4s machine learning technology identifies physical issues in stores that hinder sales and hurt the customer experience. E.J. Pope & Sons Handy Mart aims to provide outstanding customer service and a convenient shopping experience. CB4 helps store managers find items that perform like top sellers at specific locations, improving sales potential. CB4s software solution has been adopted by leading convenience chains, grocers, department stores, and specialty retailers. The number of stores using CB4s AI tool tripled from 600 to 1,500 stores in 2018.
Customers
CB4 Raises $16M in Series B Funding - FinSMEs
CB4, an AI software company for brick and mortar retail teams, has raised $16M in Series B funding. The funding round was led by Octopus Ventures with participation from Sonae IM and existing investors Sequoia Capital and Pereg Ventures. CB4 plans to use the funds to continue growing adoption, expand service offerings, and increase its client base. The company provides brick and mortar retailers with a software platform that uses machine learning and advanced AI algorithms to identify high local demand for specific products in stores. CB4 has offices in New York, London, and Tel Aviv.
Investment
CB4 Raises $16 Million Series B to Further Deliver AI Software to Brick & Mortar Retail
AI software company CB4 has raised $16M in a series B funding round. The round was led by Octopus Ventures and included participation from Sonae IM, Sequoia Capital, and Pereg Ventures. CB4s software uses machine learning and AI algorithms to identify high local demand for specific products in stores. When a product fails to meet predicted demand levels, the software alerts the store manager and suggests ways to rectify the issue. Retailers using CB4s software have seen a 0.5-2% increase in net new sales, improved customer experience, and increased product findability.
Investment
Associated Food Stores Partners with CB4 to Bring Artificial Intelligence Into Stores
Associated Food Stores has partnered with CB4 to improve the in-store customer experience using artificial intelligence. CB4s technology uses POS data to identify physical issues in stores that may be hindering sales and hurting the customer experience. By accurately projecting sales increases after fixing an issue, CB4 helps store managers identify the specific products that need attention and provides guidance on how to address potential issues. The implementation of CB4s software is quick and does not require additional hardware or data sources. Associated Food Stores, founded in 1940, has grown to 400 stores by focusing on exceptional service and high-quality products. The partnership with CB4 allows them to continue building on their customer-focused excellence.
CustomersPartners
CB4 and Dash In Food Stores Partner to Increase Same-Store Growth Through Machine Learning
CB4 and Dash In Food Stores have announced a partnership to improve same-store growth and customer experience. CB4s machine learning software detects unmet demand opportunities in stores and provides actionable recommendations to capture lost sales. Dash In Food Stores plans to roll out CB4s system in all of their stores this summer.
Partners
CB4 Announces Latest Grocery Store Partnership with Heinen's Fine Foods
CB4 and Heinens announced their partnership to improve same-store growth and customer experience by solving in-store operational issues through CB4s machine learning software.
Partners