Andover, MA, October 29, 2018 --(PR.com
)-- Nextuple Inc
., an omni-channel and consumer brand technology firm, based out of Andover, MA, announced that it has closed a $1.5M seed funding round to build new Machine Learning based products and expand its global team.
The firm was founded in early 2018 by Darpan Seth, Laxman Mandayam, and Das Pattathil. Darpan and Laxman are successful entrepreneurs who previously founded and ran Expicient, Inc. – an agency acquired by the Publicis Groupe in 2015. Das is a seasoned executive who managed Walmart’s online grocery digital properties and Supply Chain technology teams.
Nextuple offers SaaS products that analyze volumes of data captured from post-purchase interactions to model customer behavior and drive retention
. The firm also provides services such as Strategy Consulting, Product Management, Architecture, and Application Development.
“We are helping our clients deliver flawless post-purchase experiences for their customers. What happens beyond the 'Buy' button is critical to delivering value and building brand retention,” says Nextuple CEO, Darpan.
Das, who heads Products for Nextuple, adds, “Retailers & brands have invested millions in omni-channel operational capabilities in the past decade, which is a great foundation. Nextuple provides the ability to identify and manage situations when things are not going according to plan. Our products leverage Predictive Analytics and Machine Learning to flag risks to customer promise in advance and recommend actions to mitigate these. We are actively working on building & piloting our products in the field.”
The company has added several marquee brands as clients. Kim Audan, VP Digital Commerce, Eileen Fisher says, "Nextuple has been an amazing partner. They’ve dedicated quality time to learn who we are as a company and have supported us throughout. They are trusted advisors we can always count on."
With a focus on clients, an innovation mindset, and deep domain expertise, the leadership at Nextuple is excited about the future.