Adeptmind has secured a $6.2 million Series A investment led by Innospark Ventures to enhance its AI retail technology, aiming to revolutionize the integration of digital and physical shopping experiences.

Information on the Target

Adeptmind is a pioneering AI retail technology firm established in 2017, specializing in advanced digital discovery solutions tailored for retailers and shopping centers. Their innovative technology transforms the shopping experience by providing customers with intuitive ways to browse, discover, and purchase items from their favorite shopping destinations, whether online or in physical stores. To date, Adeptmind has successfully partnered with over 400 retailers and property owners, including notable industry leaders such as Ulta Beauty, U.S. Polo Association, and Decathlon.

With a mission to bridge the gap between digital and physical shopping experiences, Adeptmind employs advanced AI techniques to leverage customer intent data. This allows them to create an engaging shopping environment that resonates with modern consumers' preferences, especially in a post-pandemic landscape where integrating e-commerce with in-store experiences has become crucial.

Industry Overview in Canada

The retail technology sector in Canada is rapidly evolving, significantly influenced by an increase in e-commerce and digital engagement. As online sales continue to surge, accounting for an estimated 15.5% of total retail sal