AI-powered personalization provider Qubit gets acquired by Coveo

AI-powered relevance platform Coveo in the present day introduced that it acquired Qubit, a frontrunner in AI-powered personalization know-how for merchandising groups. The acquisition expands Coveo’s ability to use AI to power engaging experiences throughout commerce, service, assist, and digital office options, and likewise bolsters the corporate’s geographic enlargement into the U.Ok. and European markets.

“Qubit’s IP and experience comes at an ideal time as enterprises flip to AI-driven options to offer extremely related responses, presents, and proposals to their prospects at scale,” stated Louis Têtu, CEO and chairperson of Coveo. “Including Qubit’s capabilities to the Coveo Relevance Cloud platform helps us speed up the supply of recent incremental improvements to additional personalize digital commerce experiences.”

New choices for AI-powered retail options

The acquisition allows Coveo to offer retailers with modern, AI-powered ecommerce solutions, permitting them to maintain tempo with the accelerated digital shift and meet client expectations round relevance. Merchandisers may have extra instruments at their disposal to deploy promotions, check totally different methods, and iterate extra shortly, thereby driving buyer lifetime worth from acquisition by means of to retention.

“Our two companies complement one another completely throughout each know-how and experience and are aligned to ship a complete resolution for the good thing about our prospects’ success,” stated Graham Cooke, Qubit CEO. “We look ahead to delivering extra enterprise worth to our collective prospects as we roll out our built-in providing that drives ahead the subsequent degree of personalization.”

The improved Coveo Relevance Cloud allows retailers to make use of AI-powered commerce search, which detects shopper intent and determines particular person context. The relevance platform helps customized search, product and content material suggestions, guided shopping, and product itemizing pages, in addition to optimization by means of A/B and multivariate testing and analytics. Retailers will have the ability to have interaction their prospects throughout a number of digital touchpoints (e.g., chatbots, cell purposes, and digital marketplaces) by means of plug-in UI parts, headless API, and open commerce assist.

AI-powered relevance throughout industries

The AI-powered relevance platform has purposes throughout totally different industries, together with magnificence and cosmetics, trend, luxurious, house and backyard, grocery, journey and tourism, direct-to-consumer, business-to-business, media, and monetary providers. It helps shared personalization throughout buyer self-service, assisted assist, and buyer communities all through the shopper lifecycle.

Coveo’s SaaS-native, multi-tenant platform supplies search, suggestions, and personalization options to create digital experiences for ecommerce, service, web site, and office purposes. The corporate says its options drive income progress, cut back buyer assist prices, improve buyer satisfaction and digital engagement, and enhance worker proficiency and satisfaction.

Coveo says its AI powers related interactions for lots of of world manufacturers and is supported by a big community of world system integrators and implementation companions, together with Salesforce, ServiceNow, and Zendesk. The corporate has been named a frontrunner within the Gartner Magic Quadrant for Perception Engines and a frontrunner in The Forrester Wave: Cognitive Search.