Detectum

Detectum is a Germany-based startup offering an AI-based site search and navigation solution for e-commerce. Established in 2013, the company provides a comprehensive e-commerce search platform that functions as a service with a self-learning ranking and recommendation engine. Their product search is designed to deliver highly relevant results for natural language queries by utilizing structured data and user logs.

The startup's solutions, tailored for online stores, retail chains, and e-commerce apps, aim to enhance revenue and customer loyalty by converting more visitors to shoppers. Detectum's technology is currently deployed on several Russian e-commerce sites, with the English version in beta. Notable features include query rewriting, spelling correction, automatic synonyms, machine learning ranking algorithms based on user data, and purchase prediction models, offering a highly relevant and personalized customer experience.

In terms of investments, Detectum received a Non Equity Assistance investment on 01 February 2021, with Newchip Accelerator participating as the investor. As the company continues to evolve its offerings and expand its market reach, it presents a promising opportunity for venture capitalists seeking innovative solutions in the e-commerce and SaaS industries.