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Competera
artificial intelligence platform
Industry pricing, retail
Founded April 23, 2014
Founder Alexander Galkin, Andrey Mikhailov, and Alexander Sazonov
Headquarters Kyiv, Ukraine

Competera is an artificial intelligence platform that helps online and offline retailers with portfolio pricing using price recommendations on an SKU and full category level.

Overview

Competera was launched on April 23, 2014. The founders are Alexander Galkin, Andrey Mikhailov, and Alexander Sazonov.

The head office is in Kyiv, Ukraine with more offices in California, Singapore, and London.

Funding

Competera received a first venture investment from the SMRK venture fund.

Later, the company raised a total of $3M in funding over 2 rounds.

The latest funding was raised on Feb 5, 2019, from a Seed round.

Technology

Competera provides regular repricing, promo and markdown recommendations for omnichannel retailers.

They are based on 60 pricing and non-pricing factors, customer demand, and individual customer business rules.

It uses machine learning technology and econometric practices to allow users to set the correct price for a product in any category or industry.

Awards

In January 2021 Competera was included in Gartner Market Guide.

In winter 2020, Competera was featured in the Now Tech Retail Planning report from Forrester Research.

It was recognised as №1 Retail Software 2020 by Crozdesk webservice.

In October 2020 the platform was a winner of Artificial Intelligence Project of the Year.

Also in 2019, the company was listed among the 3 best startups at the Startup Elevate (London).

The company received IDCEE award as the Best B2B Startup in 2014.

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