@evopricing.com
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Evo is a leading brand that offers world-class prescriptive AI solutions to automate and optimize pricing and supply chain decisions. With their innovative products, EvoAI, they aim to revolutionize business management by providing simple yet powerful solutions. EvoAI's analytics have been recommended by Harvard Business Review as a means to gain a sustainable competitive advantage.
EvoAI's flagship product, PriceAI, addresses the complex puzzle of determining the perceived value of a product to customers. Using artificial intelligence, PriceAI continuously learns from various signals such as market pricing, weather, competition, and social media to update price sensitivity and bottom line expectations in real-time. This enables businesses to set optimal prices, discounts, and markdowns to maximize profitability, resulting in potential margin improvement of up to 5.
5 points of EBITDA within 24 months. Another key product offered by Evo is InventoryAI, which leverages AI to make optimal inventory and assortment decisions. By combining automated demand sensing, profit & loss analysis, and real-time re-assessment, InventoryAI helps businesses achieve up to 30% inventory efficiency within 12 months.
It eliminates waste, improves customer service levels, and ensures sales growth with minimal inventory investment. Evo also offers CustomerAI, a product that focuses on delivering personalized and relevant sales and marketing decisions for each customer. By using artificial intelligence, CustomerAI ensures that each customer is offered a unique mix of products, pricing, and discounts tailored to their preferences, leading to increased sales uplift of up to 10% within 18 months.
With a team of passionate innovators and a vision to create a level-playing field where everyone can benefit from world-class insights, Evo is dedicated to empowering businesses with AI-powered solutions. Their products have already delivered impressive results, with over $300 million of margin improvement to date. Evo's commitment to excellence, growth, integrity, and cooperation is evident in their partnerships with global companies and the positive feedback from satisfied clients
Company Type
Privately Held
Company Size
11-50
Year Founded
2013
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