Novi

About Novi

Novi Connect provides an AI shopping optimization platform specifically for CPG brands seeking increased product recommendations in AI commerce. The platform optimizes SKU-level product data and trust signals so AI systems can accurately select and rank products during consumer shopping decisions. It also manages the distribution of verified product data across major retailers and marketplaces to enhance product authority.

```xml <problem> Consumer packaged goods (CPG) companies and retailers face challenges in verifying product compliance with an increasing number of clean and sustainability standards. This process is often manual, time-consuming, and prone to errors, leading to potential greenwashing and difficulty in meeting consumer demand for transparency. </problem> <solution> Novi Connect offers a software platform that automates the vetting of CPG products against over 100 clean and sustainability standards. The platform streamlines the certification process by ingesting raw ingredient data and comparing it against a comprehensive database of standards and retailer designations. Novi's technology enables brands and retailers to ensure product compliance, verify claims, and accelerate the go-to-market process for sustainable solutions. By automating accuracy at the product, ingredient, and packaging levels, Novi Connect reduces the risk of greenwashing and helps businesses build trust with values-based shoppers. The platform also facilitates ingredient discovery and sourcing through its alternative marketplace, connecting brands with suppliers of sustainable ingredients. </solution> <features> - Automated vetting of products against 100+ clean and sustainability standards - Streamlined certification process for retailer designations - Raw ingredient data ingestion and comparison against a comprehensive database - Alternative marketplace for discovering and sourcing sustainable ingredients with low MOQs - Product claim verification and badging for online and in-store marketing - Integration with NielsenIQ Label Insights data for enhanced ingredient assessment - Reporting and analytics to track compliance and identify areas for improvement </features> <target_audience> Novi Connect serves CPG brands, retailers, manufacturers, and ingredient suppliers seeking to meet consumer demand for sustainable products and ensure compliance with clean and ethical standards. </target_audience> ```

What does Novi do?

Novi Connect provides an AI shopping optimization platform specifically for CPG brands seeking increased product recommendations in AI commerce. The platform optimizes SKU-level product data and trust signals so AI systems can accurately select and rank products during consumer shopping decisions. It also manages the distribution of verified product data across major retailers and marketplaces to enhance product authority.

Where is Novi located?

Novi is based in Los Angeles, United States.

When was Novi founded?

Novi was founded in 2019.

How much funding has Novi raised?

Novi has raised $51.8M.

Location
Los Angeles, United States
Founded
2019
Funding
$51.8M
Employees
49 employees
Investors
Tiger GlobalDCVCFresh StartMontecarlocapMsiv FundRosetta CapitalSandbox IndustriesSultan Ventures

Novi

10
Relative Traction Score based on online presence metrics compared to companies in the same age group.

Executive Summary

Novi Connect provides an AI shopping optimization platform specifically for CPG brands seeking increased product recommendations in AI commerce. The platform optimizes SKU-level product data and trust signals so AI systems can accurately select and rank products during consumer shopping decisions. It also manages the distribution of verified product data across major retailers and marketplaces to enhance product authority.

noviconnect.com3K+
Founded 2019Los Angeles, United States

Funding

No specific funding rounds found.

Total Funding

$51.8M

Backed by

DCVCFresh StartMontecarlocapMsiv FundRosetta Capital

Team (40+)

No team information available.

Company Description

Problem

Consumer packaged goods (CPG) companies and retailers face challenges in verifying product compliance with an increasing number of clean and sustainability standards. This process is often manual, time-consuming, and prone to errors, leading to potential greenwashing and difficulty in meeting consumer demand for transparency.

Solution

Novi Connect offers a software platform that automates the vetting of CPG products against over 100 clean and sustainability standards. The platform streamlines the certification process by ingesting raw ingredient data and comparing it against a comprehensive database of standards and retailer designations. Novi's technology enables brands and retailers to ensure product compliance, verify claims, and accelerate the go-to-market process for sustainable solutions. By automating accuracy at the product, ingredient, and packaging levels, Novi Connect reduces the risk of greenwashing and helps businesses build trust with values-based shoppers. The platform also facilitates ingredient discovery and sourcing through its alternative marketplace, connecting brands with suppliers of sustainable ingredients.

Features

Automated vetting of products against 100+ clean and sustainability standards

Streamlined certification process for retailer designations

Raw ingredient data ingestion and comparison against a comprehensive database

Alternative marketplace for discovering and sourcing sustainable ingredients with low MOQs

Product claim verification and badging for online and in-store marketing

Integration with NielsenIQ Label Insights data for enhanced ingredient assessment

Reporting and analytics to track compliance and identify areas for improvement

Target Audience

Novi Connect serves CPG brands, retailers, manufacturers, and ingredient suppliers seeking to meet consumer demand for sustainable products and ensure compliance with clean and ethical standards.

Sources:

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