Nibble provides an AI negotiation platform designed to automate and scale procurement price discussions. This platform handles tail spend campaigns and ad-hoc supplier negotiations, freeing procurement teams to focus on strategic sourcing activities. The system integrates with existing enterprise tools to improve sourcing efficiencies and secure better commercial terms rapidly.
Funding
$3.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many businesses struggle to efficiently manage one-on-one negotiations with customers, leading to inconsistent outcomes, lost revenue opportunities, and increased operational costs. Traditional negotiation processes are often time-consuming, resource-intensive, and difficult to scale across diverse customer segments.
Solution
Nibble offers an AI-powered negotiation platform designed to automate and optimize real-time, personalized negotiations between businesses and their customers. By leveraging negotiation science and conversation design, Nibble facilitates win-win outcomes at scale, enabling organizations to achieve cost savings, improve agreement terms, and enhance customer satisfaction. The platform handles a high volume of negotiations monthly, adapting to various sectors and deal sizes.
Target Audience
Nibble primarily targets enterprise organizations, e-commerce businesses (D2C, B2B, and marketplaces), and B2B sales teams seeking to automate and improve their negotiation processes.
Features
- AI-driven negotiation engine that learns and adapts to customer behavior
- Real-time, one-on-one negotiation capabilities via natural language processing
- Customizable negotiation strategies tailored to specific business goals
- Integration with existing CRM and e-commerce platforms
- Support for diverse use cases, including procurement, contracts, retention, D2C, B2B sales, and renewals
- Analytics dashboard to track negotiation performance and identify areas for improvement
- A/B testing to optimize negotiation strategies and maximize conversion rates