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Full-Time

Strategic Account Executive

Posted on 6/28/2024

Arena AI

Arena AI

51-200 employees

Optimizes pricing strategies using AI

Data & Analytics
Enterprise Software
AI & Machine Learning

Compensation Overview

$125k - $200kAnnually

+ Incentives + Equity + Benefits

Senior, Expert

New York, NY, USA

Category
Strategic Account Management
Sales & Account Management
Requirements
  • 5+ years of experience selling into large enterprises, preferably in an entrepreneurial SaaS environment
  • Based full time in our New York City office
  • Ability and eagerness to travel 50% of the time, domestically and internationally
Responsibilities
  • Cultivate new relationships and help existing ones flourish
  • Identify potential targets, assess opportunities, and shepherd deals from inception to close
  • Devise and implement go-to-market strategies
  • Collaborate with operational and technical teams to shape and market products
  • Help scale go-to-market operations and build a pipeline for the short and long term

Arena AI specializes in creating active learning systems focused on optimizing pricing strategies for businesses. Their systems utilize advanced artificial intelligence techniques, particularly reinforcement learning, to continuously adapt and improve based on real-world data. This allows companies in sectors like retail and e-commerce to implement dynamic pricing strategies that maximize revenue and enhance competitiveness. Arena AI differentiates itself from competitors by operating on a performance-based model, meaning they are compensated based on the measurable improvements they achieve for their clients. This alignment with client goals drives the company to deliver effective solutions. The team at Arena AI consists of experts from top institutions and companies, bringing extensive knowledge and experience to address complex challenges in pricing optimization.

Company Stage

Series A

Total Funding

$32M

Headquarters

New York City, New York

Founded

2019

Growth & Insights
Headcount

6 month growth

69%

1 year growth

69%

2 year growth

109%
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Simplify's Take

What believers are saying

  • The recent $32 million Series A funding, led by prominent investors like Initialized and Goldcrest Capital, positions Arena AI for significant growth and development.
  • Arena AI's focus on high-frequency decision-making automation can lead to substantial efficiency gains for clients, making it an attractive workplace for those interested in cutting-edge AI applications.
  • The company's results-driven model offers employees the satisfaction of seeing direct, measurable impacts of their work on client success.

What critics are saying

  • The niche focus on pricing strategies may limit market opportunities compared to more diversified AI companies.
  • Dependence on performance-based revenue can lead to financial instability if client outcomes do not meet expectations.

What makes Arena AI unique

  • Arena AI specializes in active learning systems for pricing strategies, a niche focus that sets it apart from broader AI competitors.
  • Their performance-based business model ensures alignment with client goals, unlike traditional subscription or licensing models.
  • The team’s background from prestigious institutions and companies like Stanford, MIT, and Google provides a competitive edge in expertise and innovation.
INACTIVE