Vortex IQ Secures $1 Million to Propel E-Commerce into the AI-Driven Future
- The funding will accelerate Vortex IQ’s mission to revolutionise e-commerce operations through advanced AI solutions
- Customers include Nvidia, Krispy Kreme, British Airways – Avios & Harley Davidson
London, 2 July 2024 – Vortex IQ, an innovative AI-powered automation platform for e-commerce, has completed a $1 million (£790k) funding round, led by AI VC Sure Valley Ventures, with participation from Techstars, the most active pre-seed investor in the world.
Vortex IQ’s AI-driven diagnostics and automation platform provides actionable insights and seamless implementation, enabling businesses to leverage AI for enhanced efficiency and improved Customer Lifetime Value.
The company is strategically positioned to capitalise on the growing demand for intelligent automation in the e-commerce sector, as businesses, agencies, and developers seek tools which streamline staging, coding, data backup and migration.
By leveraging cutting-edge AI technology, Vortex IQ helps merchants to reduce operational downtime by over 40%, ensuring seamless and secure e-commerce management.
This investment from Sure Valley Ventures and Techstars will be used to expand Vortex IQ’s market presence in the US and Europe, building its sales and marketing teams, and hiring additional AI specialists.
This funding comes on the heels of Vortex IQ’s successful participation in Techstars’ Spring 2024 cohort and a period of significant momentum. The Company has doubled its customer base organically over the past six months and formed strategic partnerships with BigCommerce and Adobe. It has onboarded over 100 merchants to use its AI automated staging product, Staging Pro, built for BigCommerce, and Dry Run Pro, built for Adobe Commerce and Shopify. Existing clients include Nvidia, Harley Davidson, Krispy Kreme, Richer Sounds, British Airways – Avios, and Jelly Cat.
Additionally, Vortex IQ has launched an AI DevOps and analytics tool for merchants, with Krispy Kreme currently piloting the programme with their UK and Ireland e-commerce operations, with plans for a global rollout by the end of 2024.
Vortex IQ’s founder, Susant Kumar Patro, has led strategic deployments and innovations across more than 500 prestigious brands, with nearly two decades’ experience in e-commerce and web development, He previously co-founded 247-Commerce, an award-winning Adobe Gold Partner with specialisation.
Susant Kumar Patro, Founder and CEO, Vortex IQ, said: “At Vortex IQ, our mission is to simplify and enhance the e-commerce workflow through innovative AI solutions. By providing e-commerce teams with cutting-edge productivity tools, we help businesses to prioritise their customers, enhance efficiency, and drive profitability.
“This transformative approach not only ensures superior business outcomes but marks the advent of the next era in retail. The future of commerce is undeniably intertwined with the evolution of AI and automation, propelling the industry towards unprecedented heights. We are delighted to be working with Sure Valley Ventures, one of Europe’s leading AI VCs, and Techstars, to accelerate our growth and deliver on our mission.”
Barry Downes, Managing Partner at Sure Valley Ventures: “Vortex IQ is poised to become a leading player in the e-commerce industry with its AI-driven automation platform. The Company has seen rapid growth in the last six months and is led by a highly impressive repeat founder who has a strong understanding of e-commerce complexities. We are excited to back Susant and his team, as they continue to innovate and disrupt the market.”
Sarah Bain, Managing Director at Techstars: “Vortex IQ is well on its way to transform the e-commerce industry with its AI technology. Susant is an experienced founder that listens to customers and deeply understands the pain points of e-commerce. In the three months that Vortex IQ participated in Techstars Spring 2024 cohort, the company has grown its customer base and is well-positioned for continued expansion as the digital marketplace remains dominant.”
About Vortex IQ
Vortex IQ is a leading AI automation platform for e-commerce, helping businesses streamline their workflows and enhance their operations. With innovative solutions for actionable insights, staging, coding, backup, data migration and deployments, Vortex IQ empowers merchants to achieve greater efficiency and success in the digital marketplace. For more information, visit www.vortexiq.ai.
