SenseTime strengthens TradeMonday’s AI platform through strategic investment.
SenseTime, an artificial intelligence (AI) software company based in Hong Kong, has made an investment in TradeMonday, a startup based in the same region specializing in AI-powered retail analytics. This strategic investment will play a crucial role in TradeMonday’s growth acceleration, expansion of its retail analytic product portfolio and the development of its business-to-business (B2B) retail solutions powered by ChatGPT.
Moreover, the funds raised from this investment will be allocated to research and development, further enhancing TradeMonday’s AI low-code modularized platform. With SenseTime’s AI expertise and extensive global network, TradeMonday is confident that it can develop innovative retail analytics solutions.
TradeMonday: Revolutionizing retail analytics with AI low-code platform
TradeMonday, founded in 2016 and a graduate of Hong Kong’s Cyberport Incubation Programme in 2019, has created an AI low-code modular platform inspired by the financial concept of arbitrage. This platform enables retailers and brand owners to swiftly validate their business decisions.
By converting digital data from retail consumers, brands and products, including social media, in-store traffic and transaction data, TradeMonday transforms it into actionable insights. The platform empowers businesses such as retailers, consumer brands and shopping malls by providing them with the ability to simulate growth strategies and enhance their overall performance.
TradeMonday’s success thus far is evident from its previous support received from venture funds based in the U.S., Europe and Hong Kong. The platform has also garnered recognition from renowned organizations such as Plug and Play, Founders Space, Sente, EY, Alibaba, JumpStarter and RTIA. Its applications have spanned diverse industries, cementing its position as a versatile solution provider.
Simplifying access to retail insights with ChatGPT integration
As part of their progress, TradeMonday has also introduced their ChatGPT B2B solution, integrating their retail big data with ChatGPT technology. This integration simplifies implementation and offers users a more user-friendly experience when accessing insights through the chatbot.
The introduction of the ChatGPT B2B retail solution will significantly expand TradeMonday’s product offerings, particularly in the realm of sales advisory. With the completion of their latest investment round, TradeMonday is well-positioned for future growth and has set its sights on securing substantial Series A funding in 2023.
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Header image courtesy of TradeMonday
