Full-Time

Strategy and Business Operations

Posted on 7/29/2024

Arena AI

Arena AI

51-200 employees

Active learning systems for pricing optimization

Data & Analytics
AI & Machine Learning

Compensation Overview

$125k - $200kAnnually

+ Equity + Benefits Packages

Entry, Junior

New York, NY, USA

Based full time in our New York City office.

Category
Strategy Development
Business Development
Business & Strategy
Required Skills
Business Analytics
Business Strategy
Requirements
  • BA/BS from top university or equivalent experience
  • 1+ years of experience in a role that requires business analytics or strategic thought (e.g. quantitative consulting, finance, or high growth technology).
  • Based full time in our New York City office
  • Ability and eagerness to travel 75% of the time, domestically and internationally
Responsibilities
  • Work closely with frontline users to senior executives at Fortune 1000 customers
  • Own the outcomes for key accounts from start to finish
  • Build close working relationships across customer organizations
  • Understand customer needs deeply and strategize how our technology can solve their problems
  • Execute on business and product strategy
  • Bring customer feedback to product development teams

Arena AI specializes in creating active learning systems focused on optimizing pricing strategies for businesses. Their technology uses advanced artificial intelligence techniques, particularly reinforcement learning, to continuously improve pricing models by adapting to real-world conditions. This allows companies in sectors like retail and e-commerce to maximize revenue and remain competitive. Arena AI operates on a performance-based model, meaning they are compensated based on the measurable improvements they achieve for their clients, ensuring alignment with client goals. The team at Arena AI consists of experts from top institutions and companies, bringing extensive knowledge to solve complex challenges in pricing optimization.

Company Stage

Series A

Total Funding

$62.3M

Headquarters

New York City, New York

Founded

2019

Growth & Insights
Headcount

6 month growth

12%

1 year growth

22%

2 year growth

19%
Simplify Jobs

Simplify's Take

What believers are saying

  • Arena AI raised $32 million in Series A funding from notable investors.
  • Increased AI adoption in pricing strategies boosts Arena AI's market potential.
  • Performance-based models are increasingly favored, aligning with Arena AI's approach.

What critics are saying

  • Competition from established AI companies like OpenAI and Google is intensifying.
  • Rapid AI advancements may render Arena AI's solutions outdated without continuous innovation.
  • Ethical concerns and regulatory scrutiny could impact AI-driven pricing strategies.

What makes Arena AI unique

  • Arena AI specializes in active learning systems for dynamic pricing strategies.
  • The company uses reinforcement learning to adapt to real-world market conditions.
  • Arena AI's performance-based model aligns its success with client outcomes.

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Benefits

Health Insurance

401(k) Retirement Plan

Unlimited Paid Time Off

Lunch every day from local restaurants via Sharebite

Commuter Benefits

INACTIVE