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About VTEX
Industries
Consulting
Consumer Software
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
London, United Kingdom
Founded
2000
Overview
VTEX provides a digital commerce platform that helps businesses sell and fulfill products and services efficiently. The platform integrates orders and inventory across various sales channels, which enhances the fulfillment and delivery processes. VTEX's services are tailored for large enterprises, including well-known brands like Sony and Motorola, allowing them to streamline their digital commerce strategies and improve conversion rates. The platform is customizable and offers features such as rapid deployment and integration with third-party sellers, enabling businesses to explore new revenue streams. Unlike many competitors, VTEX focuses on an all-in-one solution that supports direct-to-consumer marketplaces. The company's goal is to empower enterprises to adapt quickly to changing market demands and optimize their online sales.
Simplify's Take
What believers are saying
- AI-driven personalization boosts conversion rates and customer satisfaction on VTEX's platform.
- The rise of headless commerce aligns with VTEX's flexible, composable platform approach.
- VTEX's social commerce partnership with Pinterest expands customer engagement and sales potential.
What critics are saying
- Integration challenges may arise from the Newtail acquisition, straining resources and delaying synergies.
- Low conversion rates in social commerce could hinder the Pinterest partnership's success.
- Rapid AI expansion may lead to data privacy concerns and regulatory scrutiny.
What makes VTEX unique
- VTEX offers a composable platform enabling rapid deployment and seamless third-party integration.
- The platform supports omnichannel commerce, uniting partners to eliminate channel conflict.
- VTEX empowers enterprises to launch DTC marketplaces, enhancing sales and reducing overhead.
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Funding
Total Funding
$780.2M
Above
Industry Average
Funded Over
2 Rounds
Tiger Global
SoftBankGrowth & Insights and Company News
6 month growth
↑ 1%1 year growth
↑ 2%2 year growth
↑ 1%VTEX has acquired Newtail, a startup specializing in retail media, for an undisclosed amount between $1 million and $10 million. This acquisition aims to expand VTEX's retail media platform by adding new advertisers and retailers, including non-VTEX clients like Casas Bahia. Newtail's founders will remain with VTEX. The company plans to consolidate the retail media market, starting in Brazil and expanding to Latin America and the US.
Forget robot cashiers and drone deliveries. The real artificial intelligence (AI) revolution in retail and logistics is happening behind the scenes, and it’s all about making shopping smoother and shipping brighter. From predicting what customers want before they click “buy” to slashing paperwork at customs, AI is quietly transforming how businesses operate. These aren’t futuristic concepts — they’re tools being deployed right now, saving time and money for companies big and small. “We’re on the cusp of seeing AI truly embedded in core business processes,” Scott Dylan, founder of NexaTech Ventures, an AI venture capital fund, told PYMNTS. “These shifts are not hypothetical; they are already underway, and their impact will only grow.”
VTEX (NYSE: VTEX), the composable and complete commerce platform trusted by 2,600 global enterprise brands and retailers, has acquired Weni, a leader in customer service solutions fueled by advanced AI. This acquisition strengthens VTEX's ability to deliver a seamless, end-to-end customer...
NEW YORK, July 11, 2024 /PRNewswire/ -- VTEX (NYSE: VTEX), the composable and complete digital commerce platform, has been selected by H Mart, the largest Asian-American supermarket chain in the U.S. with over 90 locations across North America, to power its ecommerce operations alongside global creative agency VML, a leading commerce systems integrator and implementation partner. This partnership marks a significant milestone for H Mart in its digital transformation by moving to a modern, SaaS commerce platform.H Mart has successfully migrated from a legacy commerce platform to VTEX, launching two new online stores. H Mart consolidated their previously separate systems for dry and fresh goods into a unified commerce experience with VTEX. The new platform migration, completed in just seven months, allows customers to order both shelf stable and fresh products in the same cart, while also leveraging store inventory to provide real-time availability information and facilitate efficient picking and packing."We are incredibly proud to welcome H Mart to the VTEX family as our first major grocer in the U.S.," said Mariano Gomide de Faria, VTEX's founder and co-CEO. "This collaboration underscores our commitment to providing a modern and scalable digital commerce platform that caters to our clients' unique needs
Synerise has raised $8.5 million in a Series B+ funding round to expand its artificial intelligence (AI)-driven behavioral modeling and big data solutions. The investment came from composable and complete commerce platform VTEX and business angels, Synerise said in a Saturday (July 6) press release. With the new funding and a strategic partnership with VTEX — which uses Synerise technology to power the AI functionality of its own platform — Synerise will accelerate its expansion into additional markets, according to the release
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About VTEX
Industries
Consulting
Consumer Software
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
London, United Kingdom
Founded
2000
There are no jobs for VTEX right now.
Find jobs on Simplify and start your career today