Elastic Path

Elastic Path

E-commerce solutions for revenue growth and optimization

About Elastic Path

Simplify's Rating
Why Elastic Path is rated
C+
Rated D+ on Competitive Edge
Rated A on Growth Potential
Rated C on Rating Differentiation

Industries

Consumer Software

Enterprise Software

Company Size

51-200

Company Stage

Late Stage VC

Total Funding

$148.2M

Headquarters

Vancouver, Canada

Founded

2000

Overview

Elastic Path provides e-commerce solutions that help businesses improve their online sales and customer engagement. Their services include tools for creating personalized catalogs, bundles, and promotions, which aim to boost revenue while maintaining profit margins. The company uses a combination of APIs and business tools, supported by expert teams, to deliver these services. Elastic Path's offerings focus on enhancing website performance, increasing conversion rates, and allowing businesses to test various strategies. Their CX Studio and Composable CLI enable companies to manage the customer experience effectively. Additionally, Elastic Path provides strategic guidance, security, compliance services, and round-the-clock support. Their user-friendly services cater to both business teams and developers, promoting innovation without heavy IT dependence. The company operates on a scalable MACH architecture, ensuring quick API responses and facilitating rapid e-commerce development.

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Simplify's Take

What believers are saying

  • Growing demand for Composable Commerce boosts Elastic Path's market potential and client base.
  • Integration with Twilio Segment enhances personalized shopping experiences, increasing customer loyalty.
  • Partnership with Constructor offers advanced product discovery, improving retailer sales potential.

What critics are saying

  • Competitors like commercetools and Orium may dilute Elastic Path's market differentiation.
  • Integration challenges in composable commerce could lead to customer dissatisfaction and churn.
  • Reliance on AWS hosting exposes Elastic Path to risks of service outages or changes.

What makes Elastic Path unique

  • Elastic Path leads in Composable Commerce, offering flexible, customizable eCommerce solutions.
  • Their MACH architecture ensures fast API response times and scalable, secure operations.
  • Elastic Path's CX Studio and Composable CLI enhance customer experience control for businesses.

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Funding

Total Funding

$148.2M

Above

Industry Average

Funded Over

4 Rounds

Late VC funding comparison data is currently unavailable. We're working to provide this information soon!
Late VC Funding Comparison
Coming Soon

Growth & Insights and Company News

Headcount

6 month growth

2%

1 year growth

2%

2 year growth

2%
EIN News
May 16th, 2024
Orgill Partners with Elastic Path and The Data Group to Revolutionize B2B2C Commerce

Orgill partners with Elastic Path and The Data Group to revolutionize B2B2C commerce.

Business Wire
May 1st, 2024
Orgill Launches B2B2C Ecommerce Powered By Elastic Path

BOSTON--(BUSINESS WIRE)--Elastic Path, the leader of the composable commerce movement, today announced Orgill, the fastest-growing independent hardware distributor, has implemented Elastic Path Composable Commerce, hosted on AWS, to power their industry-leading B2B2C eCommerce solution. This B2B2C solution enables Orgill to offer dealers – many of which are launching their first shoppable online site – commerce experiences that are fast to launch, efficient to maintain, and flexible to customize for individual stores. “We’ve wanted to pursue this B2B2C initiative for more than a decade, and our ambitions go beyond what a typical provider could support,” said Grant Morrow, Director of eCommerce at Orgill. “Our dealers need flexibility and customization, and we need support, scalability, and the ability to manage all stores within a controlled, centralized environment. The only way to bring this program to life was with composable commerce and Elastic Path.”. With Elastic Path, Orgill is able to centrally manage integrations and product data while enabling individual distributors to customize their stores

Elastic Path
Nov 7th, 2023
Increase Conversions with the Elastic Path + Twilio Segment Integration

In fact, Elastic Path integrates with Twilio Segment, one of the leading CDPs, so merchants can act on the data they collect in a way that builds trust and loyalty among customers.

Retail Dive
Nov 7th, 2023
Retail Dive and Elastic Path Survey Reveals Composable Commerce is Widely Embraced, But Brands Still Struggle To Launch Integrations

Elastic Path, the leader of the Composable Commerce movement, has released findings from a new survey conducted in collaboration with Industry Dive's studioID.

Enterprise Times
Nov 6th, 2023
Retail and eCommerce news from the week beginning 30 October 2023

Elastic Path partners with Twilio to streamline personalized commerce experiences.

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