Today is a very special day for me and the
@WithMarketAI team as we are excited to share that we’ve been acquired by Verishop Group! Verishop Group was founded by two of the most impressive people I know – CEO, Cate Khan , who spent almost a decade at
@amazon as their SVP of Retail, and Chairman,
@dottkhan, who helped lead
@AlibabaGroup and
@Snap through their respective IPOs and who now runs Proem Group. In addition to their incredible team, Verishop Group is backed by world-class investors including
@lightspeedvp,
@Rakuten, Lion Capital, and DCM, among others, who to date have invested over $140 million into the business.
Since their founding in 2018, Verishop Group has built deep relationships with thousands of merchants and retailers, which has enabled them to offer AI software solutions, such as
@TrendalyticsCo which will integrate Market AI, to businesses including
@stitchfix,
@saks,
@Macys,
@Kohls, Ross,
@ultabeauty, Free People,
@Anthropologie, and more. It’s their focus on leveraging AI to help merchants and retailers grow smarter – a vision at the core of Market AI’s product ethos – that makes me so excited to be joining forces with Verishop Group.
On a personal note, there was no one more impactful than Imran throughout my career at Snap – his vision and leadership have always inspired me, making this partnership even more special. While I won’t be joining full-time, my co-founder,
@sfrieds, and I are looking forward to working with the board, Cate, and the rest of the team as advisors.
Most importantly, I want to give a massive thank you to the entire Market AI team, our investors, and our advisors for all of their hard work and support throughout this incredible journey. I can’t wait to see what’s ahead for Market AI as part of Verishop Group!