Connect with us

Business

An SEO startup has raised $850,000 to assist businesses in utilizing AI-powered search

Published

on

Pre-seed finance totaling $850,000 has been received by Ecomtent, an AI start-up that assists retailers and sellers in getting ready for the AI-driven e-commerce search of the future. The investment was spearheaded by MaRS Investment Accelerator Fund (IAF) and included senior leadership from the tech sector, Techstars x eBay Ventures, and C-Suite Angels from Retailers.

Ecoment is going to completely change how merchants and sellers are ready for a world where searches are based on LLM. Ecomtent was founded in 2022 by Timur Luguev, a PhD & Postdoctoral Researcher in Machine Learning, and Max Sinclair, who worked for six years at Amazon on strategic initiatives such as the launch of Amazon in Singapore and the EU’s first grocery store. Ecomtent’s technology allows sellers and retailers to create written and visual content that is specifically optimized for AI-powered search across large catalogues at scale, eliminating bottlenecks on internal content teams and outside agencies and saving weeks of labor.

CEO Sinclair predicted a “Ecommerce is about to change fundamentally,” in e-commerce. “Generative AI will completely transform how consumers shop online, with conversational-style search poised to become the new normal. The current best SEO practices will look completely outdated in just 12 months. Longtail keyword matching is dead, and the future will be matching customer intent across both written and visual assets.”

With two major retailers having annual revenues of $11 billion and $14 billion, respectively, the company has already completed successful pilots with both, demonstrating considerable market progress. These successes have made Ecomtent a popular choice among Amazon Seller and Amazon Agency communities, allowing these clients to produce infographics, optimized content, A+ Content, and high-quality lifestyle photos at scale. With a recent submission approved by the USPTO, its patent-pending technology has demonstrated that AI-generated content may raise product listing conversion rates by as much as 30%.

“I have been incredibly impressed with Ecomtent’s technology, which has augmented our internal content team’s speed and scale to be 10x more productive,” stated Vincenzo Toscano, CEO of Full-Service Amazon and Walmart Agency Ecomcy. A key component of succeeding in e-commerce is having the appropriate software tools in your toolbox, according to Ben Leonard, a seven-figure Amazon seller and best-selling author of Quit Stalling and Build Your Brand. Beyond simply being the product listing tool of the future, ecomtent currently outperforms its closest, more established competitors in terms of results.

With the help of this most recent fundraising round, Ecomtent will be able to develop faster, hire more people, improve its AI capabilities, and extend its operations in order to satisfy the increasing demand from companies figuring out how to use AI-powered search. According to Emil Savov, Managing Director of MaRS IAF, “We are excited by the unique composition of Ecomtent’s founding team, and the specialist AI talent from elite institutions they have recruited around them, to capitalize on this moment of incredible opportunity to build a category-defining business.”

Continue Reading
Advertisement

Business

ProRata, an AI startup, Teams up with UK Publishers after reportedly Hitting $130 Million in Valuation

Published

on

A number of well-known British media outlets have joined ProRata, an AI firm that claims to compensate publishers for the usage of their work, in its expanding network of partnerships.

The Los Angeles-based firm announced on Wednesday that it has signed licensing deals with publishers such as Sky News, the Guardian, and the Daily Mail’s publisher, DMG Media.

In a recent Series A funding round, ProRata raised $25 million from investors such as the Mayfield Fund, Prime Movers Lab, and Revolution Ventures.

“ProRata’s founder and CEO Bill Gross said his firm’s AI technology is the only one that pledges to credit and compensate creators, while providing users with accurate search results.

“We have had hundreds of content owners and media companies reach out to us from around the world who are interested in piloting our technology. Stealing and scraping content is not a sustainable path forward,” he continued.

Similar alliances have previously been formed by ProRata with the German publisher Axel Springer, the Atlantic, Fortune, Time, and Universal Music Group (UMG).

Media firms are offered reasonable compensation by ProRata for the use of their content. The startup’s in-house technology may determine the proper amount of pay by evaluating the worth of the information used to create responses from an AI platform. This would make it possible to pay copyright holders for their work on a per-use basis.

Gross had previously said that AI platforms have been using “shoplifted, plagiarized content,” which fosters an atmosphere in which “disinformation thrives and creators get nothing.”

Gross is recognized for having created the pay-per-click model of internet search monetization with his business, GoTo.com, which was eventually acquired by Yahoo! in 2003.

In a recent blog post, Tige Savage, a cofounder of Revolution, stated that Bill Gross is a serial entrepreneur with extensive experience in monetization techniques.

“He’s attracted a world-class tech team led by AI luminary Tarek Najm to implement the vision and an accomplished business team, including Annelies Jansen and Jonas Lee to drive content and AI partnerships,” Savage continued.

The unpaid use of copyrighted materials by OpenAI and other tech companies to train their AI systems has led to litigation from media companies and other content creators.

Continue Reading

Business

Film Bazaar Unveils an Interactive Cinema App from an Indian Tech Startup

Published

on

Arjun Nittoor, the founder of the Indian technology firm Vireza, disclosed at Film Bazaar that the company is creating a new mobile application that would transform the experience of watching movies in theaters by enabling viewers to engage with the films in real time.

The technology, which was created wholly in-house at the company’s research and development department in Bengaluru, allows viewers to use their smartphones to vote on important plot points during the movie. To keep up with the current screening, patrons download an app before entering the theater and scan a QR code at their seat.

“The film industry is one of the few sectors where the audience experience has seen minimal technological disruption in theatres,” Nittoor stated. “While screen and sound quality have advanced and 3D has been partially adopted, the viewing experience has largely remained the same for decades.”

The screen automatically brightens to show voting options and dims again when choices are made. The system uses discreet phone notifications to encourage audience participation around every ten minutes.

In 2026, Vireza intends to introduce the technology with a full-length interactive movie that will be produced in both English and South Indian for international distribution. The business is presently in the development stage and will shortly start doing multiplex chain trial screenings.

CtrlMovie’s prior success in the interactive film industry was mentioned by Nittoor. CtrlMovie is well-known for “Traces of Responsibility” and “Late Shift.”

In order to overcome the difficulties in cinematography, editing, shot composition, and writing that plagued previous attempts at the format, the firm has spent five years creating what Nittoor refers to as “a new science of filmmaking” that is especially tailored for interactive cinema.

“Despite the proliferation of viewing devices, big-ticket films continue to draw massive crowds to theatres, with box office numbers higher than ever,”  Nittoor stated. “This demand underscores the potential for a meaningful technology shift that could draw audiences out of their homes and into cinemas.”

Other Asian businesses are likewise investigating audience-driven narrative in motion pictures. In February of the following year, Japan’s King Records intends to release “Hypnosis Mic – Division Rap Battle,” an animated interactive film.

Continue Reading

Business

Perplexity, an AI business, adds retail capabilities as search competition gets more intense

Published

on

Perplexity, an artificial intelligence search firm, opened a shopping hub on Monday to draw people to its platform in an effort to challenge Alphabet-owned Google’s hegemony in the search engine market.

Supported by Amazon (AMZN.O) founder Jeff Bezos and top AI chipmaker Nvidia (NVDA.O), the company launches a new tab and will provide users with product cards that display pertinent goods in answer to shopping-related queries.

According to the company, each card offers product facts in an eye-catching manner.

Shopify (SHOP.TO), one of the platform integrations that powers the new functionality, provides access to up-to-date and pertinent information on products from companies on the Canadian e-commerce platform worldwide that ship to the United States.

The goal of e-commerce platforms has been to attract more merchants by utilizing more AI-powered solutions.

‘Snap to Shop’ is a visual search engine featured in Perplexity’s online shopping rollout that displays products based on users’ pictures of an item.

The features will initially be introduced in the US before moving on to other regions; however, no timeframe has been given.

Additionally, Perplexity is launching a “Merchant Program” to enable shops to communicate with the company about its products.

Earlier in November, Reuters reported that the business was raising $3 billion in new funding.

Since the generative AI pioneer added a number of new search features to ChatGPT, OpenAI has become a direct rival of Perplexity, which has been seeking to broaden its product line.

Continue Reading

Trending

error: Content is protected !!