Promi
Summer 2024 · Active
Optimizing ecommerce pricing with dynamic, personalized discounts
Founded: 2024
Team size: 2
About
Promi is an AI-powered price and discount optimization platform. We help eCommerce merchants personalize their sales to generate additional revenue and profit.
Ecommerce merchants and marketers typically use discounts to drive customer acquisition, boost sales during holidays, or liquidate inventory. But deciding on a discount to offer is typically guesswork. Who to send the discount to, how much to offer, and which products it applies to are, in the most advanced cases, determined manually by looking at past sales and seeing what worked well. In the majority of cases, it's what feels and sounds good.
Promi leverages store data to optimize discounts at a more granular level than possible manually. We dynamically determine the best value across each product, for different users, at different times in order to maximize sales and profit.
Founders
Peter MootFounder
Co-founder @ Promi, a pricing and discount optimization platform. Prior to Promi I led product for discounts at Uber. I have a degree in economics and computer science from Harvard.
Jiaxin LinFounder
Co-founder of Promi. Most of my career has been working on recommendation / personalization systems in the e-commerce space. Avid coder and lifelong learner.