SmarterX

SmarterX

Product compliance and data intelligence platform

About SmarterX

Simplify's Rating
Why SmarterX is rated
B-
Rated D+ on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Data & Analytics

Consulting

AI & Machine Learning

Company Size

51-200

Company Stage

Series A

Total Funding

$92.7M

Headquarters

Boulder, Colorado

Founded

2015

Overview

SmarterX specializes in product compliance and intelligence, focusing on helping retailers and suppliers ensure their products meet environmental and safety standards. The company uses advanced data analysis and machine learning to provide insights into product chemistry and potential risks by analyzing vast amounts of data. Their platform connects product data to regulatory requirements, offering real-time insights into supply chain risks and cost-saving opportunities through an API that integrates with clients' existing systems. Unlike competitors, SmarterX emphasizes the combination of compliance and sustainability, demonstrating that intelligent decision-making can lead to both. The company's goal is to help businesses meet regulatory standards while reducing their environmental impact and uncovering efficiencies, all while providing a subscription-based service that delivers significant value.

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Simplify's Take

What believers are saying

  • Growing demand for sustainable supply chain solutions boosts SmarterX's market potential.
  • AI in regulatory compliance is expected to grow 30% annually, benefiting SmarterX.
  • The product compliance software market is projected to reach $5 billion by 2025.

What critics are saying

  • Emerging startups with similar solutions could erode SmarterX's market share.
  • Changes in trade policies may require adjustments to SmarterX's platform.
  • Data privacy regulations could increase operational costs for SmarterX.

What makes SmarterX unique

  • SmarterX specializes in product compliance and intelligence for retailers and suppliers.
  • The platform uses machine learning for real-time supply chain risk insights.
  • SmarterX offers API-based solutions for seamless integration of compliance data.

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Funding

Total Funding

$92.7M

Above

Industry Average

Funded Over

0 Rounds

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