Frontnow Secures €3.8M Extended Seed Funding to Revolutionize Online Retail with AI-Powered Solutions
Frontnow is at the cutting edge of providing AI-powered solutions designed to transform how online retailers connect with their customers.
Company Name: Frontnow
Location: Berlin, Germany
Sector: AI Solutions for Online Retailers
Funding Details: Raised €3.8M in extended Seed funding, led by Peak, with participation from PROfounders Capital and Identity Ventures.
Purpose of Investment: To enhance its technology development and broaden its enterprise customer base.
Leadership: Marc Funk, Founder and CEO
Product: Frontnow offers a virtual shopping assistant named the Frontnow Advisor, a scalable B2B SaaS solution that revolutionizes customer engagement for enterprise online retailers. This tool, enabled by generative AI, mimics the personal shopping experience of physical stores in the digital realm, offering tailored advice, personalized recommendations, and dynamic interaction in 117 languages. It leverages over 40 algorithms, including several Large Language Models trained on proprietary data, facilitating effective communication and maintaining competitive edge without the need for additional staffing.
About Company: Frontnow is at the cutting edge of providing AI-powered solutions to transform online retailers' connection with their customers. The Frontnow Advisor exemplifies the company's commitment to innovation, seamlessly integrating into online stores to deliver a personalized shopping experience traditionally exclusive to physical retail environments. This approach enhances the consumer's online shopping journey and positions Frontnow as a key player in the future of e-commerce.
