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Zoovu Nabs $14 Million Series B for Expansion of AI Digital Sales Assistants

February 08, 2019 / MYS STAFF

Zoovu is rapidly becoming the foundational provider of digital assistant software for the world’s leading brands and marketplaces, including Amazon, Canon, Coty and Wilson, said Vitkauskas. We were impressed by Zoovu’s traction and growth in vertical markets and by the focus of its leadership team on building a future-thinking, seamless and intuitive SaaS platform. We are confident that Zoovu is well-equipped to simplify the shopping journey and are eager to continue supporting their ongoing growth.The digital world has enabled businesses to deliver products and services at a scale that provides unparalleled choice to consumers, added Eyal Malinger, Investment Director, Beringea. However, many consumers are left struggling to know how to navigate the choices in front of them. This symptom is known as ‘choice paralysis,’ which leads to poor brand experience, poor conversion rates, high returns and loss of consumer trust.