PayPal buys Jetlore AI prediction platform for retailers
PayPal buys Jetlore, a manmade brainpower controlled prescient stage utilized by retailers, including Uniqlo and Nordstrom RAck. Money related terms weren't unveiled.
PayPal says the arrangement will quicken its promoting arrangements unit, including an incentive for traders past the online checkout encounter.
Jetlore's Eldar Sadikov, Montse Medina, and Sergey Andreev will join PayPal, the organization said in an announcement. Jetlore was established in 2011 by PhD understudies from Stanford University's software engineering program.
PayPal buys Jetlore
Headquartered in San Mateo, Calif., Jetlore was founded in 2011 by Ph.D. students from Stanford University's computer science program with the goal of applying the power of machine learning to the retail market. Jetlore’s proprietary prediction platform empowers global online retailers such as Uniqlo and Nordstrom Rack to deliver personalized customer experiences to increase sales and loyalty. The company is led by many pioneers in retail AI, including Eldar Sadikov, Montse Medina and Sergey Andreev, who will join PayPal.
With Jetlore’s talent and AI-powered technology, we will enhance and accelerate PayPal Marketing Solutions, adding new capabilities that continue to expand PayPal’s value proposition for merchants beyond the online checkout experience. We share Jetlore’s passion for creating amazing – and personalized – customer experiences and believe their capabilities will accelerate our ability to help merchants optimize content and communication for their customers.
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