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Based in Sofia, Bulgaria, Dynamic Pricing AI provides a SaaS platform that utilizes reinforcement learning models to automate real-time dynamic repricing for e-commerce retailers. The system continuously monitors market demand, competitor pricing, and inventory levels to help online stores increase revenue by 10 to 30 percent while reducing operational costs by 70 percent. The company targets medium to large direct-to-consumer brands and consumer electronics retailers, securing enterprise clients such as Mr. Bricolage and Sport Depot across Eastern Europe. Operating with a team of four employees, the enterprise generated €45,000 in its first six months before raising €600,000 in seed funding. This capital was secured from institutional backers including Vitosha Venture Partners and Sofia Angels Ventures to expand internal data science development efforts. Dynamic Pricing AI was founded in 2017 by Simeon Lukov and Neslihan Şirin.
Dynamic Pricing AI has raised $650K across 1 funding round.
Dynamic Pricing AI has raised $650K in total across 1 funding round.
Dynamic Pricing AI has raised $650K across 1 funding round. Most recently, it raised $650K Seed in April 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Apr 10, 2023 | $650K Seed | Vitosha Venture Partners | Sofia Angels Ventures | Announced |
Dynamic Pricing AI has raised $650K in total across 1 funding round.
Dynamic Pricing AI's investors include Vitosha Venture Partners, Sofia Angels Ventures.
