Spangle is already making commendable waves in the retail technology world. That cutting-edge spirit is palpable in the company order by Maju Kuruvilla, the former CEO of Bolt. The startup is transforming the future of shopping with AI-driven personalized shopping experiences. They recently closed their ninth enterprise customer and elevated notable brands like Revolve, Alexander Wang, and Steve Madden. In total, these customers represent more than $3.8 billion in online sales.
Kuruvilla started Spangle after a more than 10-year career at Amazon. The company has come a long way since then, creating a groundbreaking AI model, ProductGPT. This sophisticated new technology sifts through thousands of retailers’ catalogs and performance data. It uses AI to power their real-time product recommendations and personalized touch through customized layouts created specifically for consumers. Notably, the software has helped achieve incredible outcomes. In fact, it powers an astounding 50% improvement in revenue per visit for clients and 2x their Google Ads return on ad spend.
With Spangle’s rapid growth, the company is taking big steps to scale up their operations. Currently, the firm employs six full-time staff members. As it prepares for 1.7 growth, it aims to augment its engineering talent pool and grow its sales force. This expansion will be backed by new money, which will go towards more research and development projects.
CEO Maju Kuruvilla believes that as Spangle continues to lead the retail tech innovation charge, this future will become a reality. The company is investing heavily in R&D to improve its AI technology. This joint effort will allow them to deliver more sophisticated solutions to their customers than ever before. Her determination to deepen the personalization of Spangle’s clients’ shopping experiences has made Spangle a leader in the $300 billion industry.
The company’s proprietary touch moves both AI and analytics in tandem to build a fun, smart shopping experience. Retailers can utilize Spangle’s technology to gain insights into shopping behavior and preferences, resulting in more targeted and effective marketing efforts. The real-time nature of ProductGPT means that brands can respond in an agile manner to shifts in market trends and consumer needs.
In addition to its impressive customer base, Spangle’s software has shown tangible results that resonate with the retail industry’s needs. That 50% lift in revenue per visit speaks to the strong demand for specialized shopping experiences as we compete in a more robust marketplace. Spangle’s return on ad spend is over DOUBLE! This success is a testament to its solutions’ ability to drive customer engagement and deliver bottom-line financial returns for its clients.
This unique combination of experienced leadership and cutting edge technology should put Spangle in a strong position to continue growing in the future. Our new CEO Maju Kuruvilla is already applying his startup expertise honed at Amazon and Bolt. His goal is a corporate culture that emphasizes creativity, rapid technological change and entrepreneurialism. As customer expectations grow, more retailers understand that the key to winning loyalty lies in the power of personalization. That relevance makes Spangle’s services more timely than ever!
