Bluecore Named to the 2020 CB Insights Retail Tech 100 -- List of Most Innovative B2B Retail Technology Companies

·5-min read

Bluecore Recognized for Powering Always-On Personalized Shopper Experiences in a Digitally-Dominant Retail Environment

CB Insights today named Bluecore to its inaugural Retail Tech 100 ranking, which showcases the 100 most innovative B2B retail tech companies in the world.

The 2020 Retail Tech 100 cohort highlights technology companies reimagining the retail experience across 13 categories, from e-commerce infrastructure to supply chain automation and cashierless checkout. Twenty-one countries represented this year include India, China, Canada, Singapore, and the United Kingdom, among others.

"The rate of change in retail is accelerating, and the Retail Tech 100 showcases the tech companies that are changing every facet of retail - from store automation to supply chain robotics to personalized merchandise discovery. Spanning 13 distinct technology markets, they address key challenges retailers face today while also helping them adapt and be ready for changing consumer habits," said CB Insights CEO Anand Sanwal. "The honorees also underscore the fact that the best technologies driving retail transformation may come from anywhere as they hail from 21 countries ranging from Canada to Singapore to Brazil to Sweden. As we head into 2021, we are excited to see the impact the Retail Tech 100 will have on customers, retailers, and markets."

"This year was an extremely transformative year for the industry, and through all the challenges retailers face, the industry has still seen enormous growth," said Fayez Mohamood, CEO, Bluecore. "The mass shopper migration to ecommerce has forced retailers to evaluate every part of their business. This recognition is not only a nod to Bluecore’s growth, but also to retailers’ transformation, as we and the other companies recognized here guide brands through the changing environment, and help them deliver a superior customer experience in the process."

Through an evidence-based approach, the CB Insights research team selected the Retail Tech 100 from nearly 15,000 applications and nominees, based on several factors including patent activity, business relations, investor profiles, news sentiment analysis, proprietary Mosaic scores, market potential, competitive landscape, team strength, and tech novelty. The Mosaic Score, based on CB Insights’ algorithm, measures the overall health and growth potential of private companies to help predict a company’s momentum.

Bluecore works with 400+ retail brands, including Express, Tommy Hilfiger and The North Face, to ensure they dominate the permanent shift to digital. Bluecore’s AI-driven technology allows retailers to launch completely personalized multi-channel campaigns at scale by curating products, content, and offers, specific to each shopper’s interactions with the brand. The company drives significant increases in revenue with less effort. By connecting first-party shopper data, onsite behavioral data and most uniquely, retailers’ live product catalogues, Bluecore automates the recommendations that will convert shoppers.

In May 2020, Bluecore closed a $50 million Series D funding round, bringing Bluecore’s total funding to $110M. Bluecore’s inclusion in CBInsights’ Retail Tech 100 follows its recent ranking on the 2020 Crain’s New York Business Fast 50 and the 2020 Inc. 5000 List of America’s Fastest-Growing Private Companies.

Quick facts on the 2020 Retail Tech 100:

  • The 2020 Retail Tech 100 startups have raised over $14B in total equity funding across 400+ deals from 700+ unique investors. Over half of these companies have raised funding in 2020 (as of 11/20), amounting to $4.7B in total.

  • The list includes 19 unicorns (companies that have reached a valuation of $1B+) focused on a diverse range of retail tech solutions.

  • There are 21 early-stage startups (seed/angel and Series A) in this year’s cohort.

  • Majority of these companies are based in North America (59%), followed by Asia (21%), Europe (16%), and Latin America (4%). Among countries, the US leads with 55 companies.

The Retail Tech 100 Companies (in alphabetical order):

ABEJA

Fetch Robotics

PayBright

Afresh

Flexe

Pine Labs

AiFi

Flow

Quantum Metric

Algolia

Forter

Radar

Alkemics

Geek+

Radius Networks

Amplitude

Glovo

Rapyd

ATTAbotics

Grabango

RELEX Solutions

Attentive

GreyOrange Robotics

Retail Zipline

Berkshire Grey

Happy Returns

Return Logic

Bluecore

Hero

Riskified

Bold Commerce

Ibotta

Roadie

Bolt Financial

Insider

SandStar

Bond

Juspay

Scalefast

Brain Corp

Klarna

Scandit

Bringg

Label Insight

Shadowfax Technologies

Button

Lalamove

Shelf Engine

Buymie

Lily AI

Signifyd

CB4

Lolli

Simbe Robotics

Checkout.com

Mad Street Den

Skupos

Clip

Malong Technologies

Standard Cognition

Commercetools

MikMak

Starship Technologies

Cooler Screens

Mirakl

STRIVR

Cosmose

MishiPay

Syte

Coveo

Mollie

TakeOff Technologies

Darkstore

Namogoo

Trigo Vision

Dexterity

Neolix

True Fit

dLocal

Ninja Van

Udaan

Ecwid

NinjaCart

ViSenze

Exotec

NuORDER

VTEX

Fabric

Nuro

Yalo

Fabric

Obsess

YOOBIC

Faire

Osaro

Zycada Networks

FarEye

Paidy

Fast.co

parcelLab

About Bluecore

Bluecore is a marketing technology company that’s reimagining how the world’s fastest growing retail brands transform casual shoppers into lifetime customers. Through its patented retail data model and the recent release of Bluecore Communicate™ and Bluecore Site™, brands are now able to personalize 100% of communications delivered to consumers through their email and ecommerce shopping experiences. Bluecore replaces manual processes with an intelligent, AI-driven workflow, allowing brands to manage these communications through a single interface. In 2019, the company bet big on itself when it introduced the industry’s first shared-success pricing model. It’s now credited with doubling email revenue, and increasing customer retention, lifetime value and overall speed to marketing for more than 400 brands, including Express, Tommy Hilfiger, The North Face, Teleflora and Bass Pro Shops.

About CB Insights

At CB Insights, we believe the most complex strategic business questions are best answered with facts. We are a machine intelligence company that synthesizes, analyzes and visualizes millions of documents to give our clients fast, fact-based insights. Serving the majority of the Fortune 100, we give companies the power to make better decisions, take control of their own future, and capitalize on change.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201203005624/en/

Contacts

Bluecore:
Kieran Powell
kieran.powell@bluecore.com

CB Insights:
Farrah Kim - PR & Communications
fkim@cbinsights.com