ForbesUnder30 founder, who started with gas cans, just raised $37 million for convenience store analytics
Currently 7,000 U.S. retailers use Skupos technology. With the new funding they’re hoping to grow that number to 40,000 stores in 50 states by the end of 2020, which should not be difficult if they continue to grow at their current rate of 15% per month. It doesn’t hurt that half the U.S. population visits convenience stores, largely gas stations, on a daily basis.
Skupos works by integrating with retailers’ POS systems—their cash registers—copying the transaction files back to Skupos technology and using machine learning to deliver results to both the retailers and brands, like Unilever, whose products are being purchased. Currently, they deliver insights on 6 million transactions per day.
“We have the beauty of 7,000 very active customers—the largest brands in the world—who are giving us constant product feedback. We’re operating in a very data-driven environment, and that’s what we develop around,” says Jake Bolling, the company’s 29-year-old CEO about the company’s growth. “At first it was a lot of us calling them. Now it’s a lot of inbound. [The brands] want to work with us,” says Bolling. “They want to understand what’s happening in the channel.”
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
This man won million-dollar lotteries twice—now his wife has won $1 million tooThe Massachusetts couple have been buying scratch-off lottery tickets for 20 years, and it paid off big.
Weiterlesen »
Value investments are the cheapest in 30 years, but some market watchers say bewareValue-oriented investments are at at the biggest discount ever, according to J.P. Morgan, but some market watchers aren't convinced they're buys.
Weiterlesen »
Woman celebrates her 30-'Sith' birthday with Star Wars photo shootJennifer Crane dressed up as Princess Leia, while her 4-year-old son Hunter wore a Darth Vader costume, and Chase, 9, and Aubrianna, 11, donned Stormtrooper outfits.
Weiterlesen »
Exclusive: FCA-Renault revival may hinge on Nissan stake cut - sourcesFiat Chrysler Automobiles NV and Renault SA are looking for ways to resuscitate ...
Weiterlesen »
Exclusive: Some big tech firms cut employees' access to Huawei, muddying 5G rolloutEXCLUSIVE: Some of the world’s biggest tech companies cut employees' access to Huawei, muddying 5G rollout by peard33 ChrisPrentice
Weiterlesen »