Bluecore Named to the 2020 CB Insights Retail Tech 100 — List of Most Innovative B2B Retail Technology Companies

New York, New York | December 3, 2020

Bluecore Recognized for Powering Always-On Personalized Shopper Experiences in a Digitally-Dominant Retail Environment

CB Insights today named Bluecore to its inaugural Retail Tech 100 ranking, which showcases the 100 most innovative B2B retail tech companies in the world. 

The 2020 Retail Tech 100 cohort highlights technology companies reimagining the retail experience across 13 categories, from e-commerce infrastructure to supply chain automation and cashierless checkout. Twenty-one countries represented this year include India, China, Canada, Singapore, and the United Kingdom, among others.  

“The rate of change in retail is accelerating, and the Retail Tech 100 showcases the tech companies that are changing every facet of retail – from store automation to supply chain robotics to personalized merchandise discovery. Spanning 13 distinct technology markets, they address key challenges retailers face today while also helping them adapt and be ready for changing consumer habits,” said CB Insights CEO Anand Sanwal. “The honorees also underscore the fact that the best technologies driving retail transformation may come from anywhere as they hail from 21 countries ranging from Canada to Singapore to Brazil to Sweden. As we head into 2021, we are excited to see the impact the Retail Tech 100 will have on customers, retailers, and markets.”  

“This year was an extremely transformative year for the industry, and through all the challenges retailers face, the industry has still seen enormous growth,” said Fayez Mohamood, CEO, Bluecore. “The mass shopper migration to ecommerce has forced retailers to evaluate every part of their business. This recognition is not only a nod to Bluecore’s growth, but also to  retailers’ transformation, as we and the other companies recognized here guide brands through the changing environment, and help them deliver a superior customer experience in the process.

Through an evidence-based approach, the CB Insights research team selected the Retail Tech 100 from nearly 15,000 applications and nominees, based on several factors including patent activity, business relations, investor profiles, news sentiment analysis, proprietary Mosaic scores, market potential, competitive landscape, team strength, and tech novelty. The Mosaic Score, based on CB Insights’ algorithm, measures the overall health and growth potential of private companies to help predict a company’s momentum. 

Bluecore works with 400+ retail brands, including Express, Tommy Hilfiger and The North Face, to ensure they dominate the permanent shift to digital. Bluecore’s AI-driven technology allows retailers to launch completely personalized multi-channel campaigns at scale by curating products, content, and offers, specific to each shopper’s interactions with the brand. The company drives significant increases in revenue with less effort. By connecting first-party shopper data, onsite behavioral data and most uniquely, retailers’ live product catalogues, Bluecore automates the recommendations that will convert shoppers.

In May 2020, Bluecore closed a $50 million Series D funding round, bringing Bluecore’s total funding to $110M. Bluecore’s inclusion in CBInsights’ Retail Tech 100 follows its recent ranking on the 2020 Crain’s New York Business Fast 50 and the 2020 Inc. 5000 List of America’s Fastest-Growing Private Companies.

Quick facts on the 2020 Retail Tech 100:

  • The 2020 Retail Tech 100 startups have raised over $14B in total equity funding across 400+ deals from 700+ unique investors. Over half of these companies have raised funding in 2020 (as of 11/20), amounting to $4.7B in total.
  • The list includes 19 unicorns (companies that have reached a valuation of $1B+) focused on a diverse range of retail tech solutions. 
  • There are 21 early-stage startups (seed/angel and Series A) in this year’s cohort.
  • Majority of these companies are based in North America (59%), followed by Asia (21%), Europe (16%), and Latin America (4%). Among countries, the US leads with 55 companies.

The Retail Tech 100 Companies (in alphabetical order):

ABEJA Fetch Robotics PayBright
Afresh Flexe Pine Labs
AiFi Flow Quantum Metric
Algolia Forter Radar
Alkemics Geek+ Radius Networks
Amplitude Glovo Rapyd
ATTAbotics Grabango RELEX Solutions
Attentive GreyOrange Robotics Retail Zipline
Berkshire Grey Happy Returns Return Logic
Bluecore Hero Riskified
Bold Commerce Ibotta Roadie
Bolt Financial Insider SandStar
Bond Juspay Scalefast
Brain Corp Klarna Scandit
Bringg Label Insight Shadowfax Technologies
Button Lalamove Shelf Engine
Buymie Lily AI Signifyd
CB4 Lolli Simbe Robotics
Checkout.com Mad Street Den Skupos
Clip Malong Technologies Standard Cognition
Commercetools MikMak Starship Technologies
Cooler Screens Mirakl STRIVR
Cosmose MishiPay Syte
Coveo Mollie TakeOff Technologies
Darkstore Namogoo Trigo Vision
Dexterity Neolix True Fit
dLocal Ninja Van Udaan
Ecwid NinjaCart ViSenze
Exotec NuORDER VTEX
Fabric Nuro Yalo
Fabric Obsess YOOBIC
Faire Osaro Zycada Networks
FarEye Paidy
Fast.co parcelLab

 

About Bluecore

Bluecore is a multi-channel personalization platform that gives retailers a competitive advantage in a digital-first world. Unlike systems built for mass marketing and a physical-first world, Bluecore unifies shopper and product data in a single platform, and using AI/ML, activates welcomed personal experiences at the speed and scale of digital. Through Bluecore’s dynamic shopper and product matching, brands can personalize 100% of communications delivered to consumers through their shopping experiences, anywhere. Bluecore is credited with increasing lifetime value of shoppers and overall speed to marketing for more than 400 brands, including Express, Tommy Hilfiger, The North Face, Teleflora and Bass Pro Shops.

About CB Insights

At CB Insights, we believe the most complex strategic business questions are best answered with facts.  We are a machine intelligence company that synthesizes, analyzes and visualizes millions of documents to give our clients fast, fact-based insights. Serving the majority of the Fortune 100, we give companies the power to make better decisions, take control of their own future, and capitalize on change.

Contact for Bluecore:
Kieran Powell
kieran@bluecore.com

Contact for CB Insights:
Farrah Kim – PR & Communications
fkim@cbinsights.com