Company Research Report: Optiwise.ai

Company Overview

Name & Mission

Company Name: Optiwise.ai Inc.

Mission: To enhance revenue and efficiency for clients through state-of-the-art AI-based marketplace optimization solutions specifically aimed at maximizing sales on platforms like Walmart.

Founding Details

When Founded: No information is available

Founders: Deepak Goyal and Rahul Shah

Key People

Deepak Goyal: Co-Founder & CEO. He has a rich background in AI, machine learning, and has held leadership roles in various tech companies, contributing significantly to customer experience with giants like Walmart and Amazon.

Rahul Shah: Co-Founder & CTO. An innovator with numerous patents, experienced in designing large-scale SaaS, AI, and Machine Learning solutions, with a background in companies like VMware and Oracle.

Headquarters

Location: 37298 Aleppo Drive, Newark, CA 94560, USA

Number of Employees

No information is available

Revenue

No information is available

Notable Recognition

Known For: Optiwise.ai stands out as a robust AI-driven platform designed for marketplace optimization, helping sellers succeed significantly in markets like Walmart by boosting product visibility and leveraging generative AI.

Products & Services

Product Offerings

Optiwise.ai offers a comprehensive suite of tools designed to optimize seller performance on ecommerce platforms such as Walmart and Amazon:

1. Listing Optimization: Utilizes Gen AI for item compliance with specifications like Walmart’s Item Spec 5.0. Offers keyword-rich content creation, multi-item listings update, and optimization for ranking improvement.

2. Rich Media/BTF (Enhanced Brand Content): Provides tools to create enriched content rapidly, allowing brand storytelling, performance tracking, and quick updates across multiple listings.

3. Generative AI Services: Enables sellers to create high-quality listings with optimized keywords, enhancing product visibility and competitive advantage.

4. Sponsored Ads Management: Features smart bidding, keyword analysis, and TACoS-driven strategies to maximize ad efficiency and profitability.

5. Performance Reports and Growth Recommendations: Offers comprehensive analytics dashboard for catalog performance insights, competitors' analysis, and strategic recommendations.

6. Seasonality Optimization: Provides insights to prepare catalogs for peak shopping seasons with personalized listing recommendations and optimized ad campaigns.

Key Product Features

AI Integration: Enhanced product listing and ad optimization using AI-driven insights.

Marketplace Support: Offers features designed specifically for Walmart with integrations for platforms like Amazon.

Comprehensive Analytics: Furnishes detailed performance metrics for strategic catalog management.

Recent Developments

New Features and Enhancements

Olivia, AI Assistant: Launched a personal assistant capable of optimizing listings and ads by providing insights and suggestions on performance metrics.

Chrome Extension: A new tool offering real-time insights into competitors and market visibility for Walmart sellers.

New Products/Features

ChatGPT Integration: Introduced ChatGPT for the Walmart marketplace, enhancing AI-driven customer interaction capabilities.

Performance Analytics Tools: Implemented new AI features to prioritize high-value listings for optimization based on performance analytics.

Partnerships and Strategic Moves

Funding and Recognition: Secured $2.4M in funding and received the TiE50 Award, highlighting the company's innovative contributions to Generative AI solutions in ecommerce optimization.

Other Developments

Refer and Earn Program: Launched a referral program offering product discounts and cash rewards to expanded network partners.

The report details the efforts and products developed by Optiwise.ai to help businesses enhance their marketplace performance through advanced AI technologies and data strategies. The company signifies a dedicated approach to ecommerce success with a particular focus on expansive platforms like Walmart.