Cohere | Local Retail Insights
Cohere Commerce provides a B2B platform that connects consumer brands with retailers using verified ratings and reviews from retail buyers, powered by AI-driven insights. It streamlines product discovery and vendor sourcing, enabling retailers to make data-informed stocking decisions and improve brand visibility in the market.
- Artificial Intelligence
- Data & Analytics
- Commerce & Shopping
- Enterprise Software
- Software Only
Funding
Raised to date
$120KRaised 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.
$20K across 1 disclosed round
$20K · Seed
Announced Jan 2023
Disclosed cumulative: $20K
Reported total $120K
Incomplete round history. $100K of the $120K reported total isn’t matched to a known round.
Founders
Founder details are not available yet.
Product
Problem
Retailers often struggle to efficiently discover and source new products from trusted vendors, relying on time-consuming manual processes and lacking access to reliable performance data. This can lead to poor stocking decisions, missed opportunities to capitalize on emerging trends, and difficulty in building strong vendor relationships.
Solution
Cohere Commerce is a B2B platform designed to streamline product discovery and vendor sourcing for retailers by providing verified ratings and reviews from other retail buyers. The platform leverages AI-driven insights to match retailers with suitable brands and provide data-informed stocking recommendations. Cohere Commerce enables retailers to effortlessly compare brands, assess their market performance, and understand their distribution strategies before making purchasing decisions. The platform also facilitates direct connections between retailers and brands, fostering collaboration and transparency in the wholesale buying process.
Target Audience
Cohere Commerce primarily targets retail buyers, including independent retailers, grocery stores, and online marketplaces, seeking to optimize their product sourcing and vendor selection processes.
Features
- AI-powered brand matching to identify high-potential vendors tailored to specific retail needs
- Verified retailer reviews and ratings to provide credible, real-time insights into brand performance
- Vendor portal for centralized vendor information, real-time updates, and team collaboration
- AI Search Builder to identify brands based on specific attributes, such as "top-rated better-for-you indulgence snacks"
- Side-by-side vendor comparison with real buyer insights
- Vendor open call creation to efficiently discover vendors that match specific store requirements
- Centralized sourcing to reduce time spent searching for new products