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Datasembly Secures $10.3M in Series A Round of Financing
The company plans to utilize the capital to accelerate product development and expand sales and marketing efforts.
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CIO Applications | Monday, August 31, 2020

The company plans to utilize the capital to accelerate product development and expand sales and marketing efforts.
FREMONT, CA: Datasembly, a Washington, DC-based provider of real-time product pricing, promotions, and availability data for retailers and CPG brands, secured $10.3m in Series A funding.
The round was led by Craft Ventures with active participation from Valor Siren Ventures. In conjunction with the funding, David Sacks is expected to join the company's Board of Directors.
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The company plans to utilize the capital to accelerate product development and expand sales and marketing efforts.
Led by founder and CEO Ben Reich, Datasembly enables brands and retailers to make data-driven decisions about prices and promotions in real-time via proprietary technology that collects billions of retail product and grocery records from hundreds of thousands of locations every day. Data includes pricing, promotions, and assortment information for both online as well as brick and mortar retailers, giving clients invaluable insight and competitive information for real-time product transparency.
Clients use data to make critical business decisions efficiently and quickly, improving margins and insight for the execution of seasonal items, new product launches, private label, and in-store pricing changes.
"Datasembly is changing the way retailers and CPGs can get and share pricing information, eliminating the need to visit stores in person or to settle for averaged data. Using real-time, store-level pricing and promotions data, customers get unprecedented transparency between retailers, partners, and suppliers," stated founder and CEO, Ben Reich. "The top retailers and CPGs we're already working with are reaping the benefits of the value we provide. Along with our two strategic investors, we have the talent and resources to continue to grow our customer base and solve the industry's archaic pricing problem."
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