Venzee Technologies Inc., the artificial intelligence (AI) platform for product data, is now helping brands accelerate data syndication to the second-largest American hardware retailer using AI-driven Mesh Connectors.
Compared to legacy product data syndication solutions, Venzee has proven its AI platform enables brands to reduce the time spent on product data transfer by as much as 90%.
According to Venzee CEO John Abrams, “Consumer brands are often dependent on manual processes, low function databases, and other antiquated solutions that fail to keep pace with the speed of modern commerce.”
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Continued Mr. Abrams, “Our announcement today is continued proof our advanced AI platform is key to helping brands quickly publish product information to their retailer partners and keep pace with growing demand for more accurate, reliable, and relevant consumer-focused product data.”
The Venzee platform helps customers unlock rapid and automatic content distribution capabilities that:
- Guarantee consistent and accurate product data delivery to retailers, allowing enhanced data governance, master data management abilities and content organization.
- Seamlessly transfer data to an unlimited number of retail channels, using AI to monitor changes and automatically update product content across e-commerce sites in real-time.
- Reduce time spent on data transfer by up to 90%, speeding products to market and helping your brand win on the digital shelf.
With more than 500 major retail Mesh Connectors instantly available to brands, Venzee has become an important tool in the simplification and automation of syndication processes for brands globally.
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Venzee is pleased to announce the Company has received more than $520,500 CAD from the exercise of share purchase warrants since December 1, 2021. All warrants exercised have been $0.10 and $0.11 strike price.
According to Venzee Technologies COO, Peter Montross, “These warrant exercises assist Venzee to continue to exceed sales projections and meet 2022 objectives. We wish to thank our supportive shareholders who believe in Venzee’s disruptive platform and advantaged sales model as we grow toward becoming the dominant solution for product data delivery around the world.”
The Company has previously announced it is in advanced contract negotiations with three potential customers, that if secured, would result in the Company exceeding its 2022 Mesh Connector sales targets of 13,000 and associated revenue. There is no certainty that these partnerships will close.
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