CB4
CB4, a Gap company, offers AI-powered solutions for retail store operations, including the patented Spotlight software that helps store managers address critical issues and improve sales.
Company Background
CB4 is a company specializing in AI-powered solutions for retail store operations. The company offers patented software designed to assist brick-and-mortar retailers in improving various aspects of their operations. CB4, a Gap company, operates out of New York City and Herzliya, Israel. The company has secured $26 million in funding and boasts a workforce of over 60 employees. CB4's technology is implemented in more than 3,000 stores across over 20 countries.
AI-Powered Retail Solutions
CB4's core offering is its Spotlight software, which leverages machine learning algorithms to enhance store operations. The software analyzes point-of-sale (POS) data to identify physical issues within stores. This AI-driven solution supports various retail sectors, including grocery, convenience stores, apparel, and specialty retail. Spotlight can restore between 0.5% and 2% to a retailer's bottom line by improving product availability and findability.
Spotlight Features
Spotlight, CB4's patented AI software, addresses critical issues faced by store managers. By analyzing POS data, it identifies problems such as product visibility, pricing mismatches, stockroom issues, out-of-stock items, inventory discrepancies, and missing promotional labels. It then sends recommendations for fixing these issues, aiming to enhance overall store performance. The workflow includes data upload, algorithm processing, issue correction, and tracking ROI and compliance through a dashboard.
Customer Base
CB4's solutions have been adopted by major retailers including Urban Outfitters, Media Markt, and Heinen's. These retailers use CB4's technology to empower store managers, delight shoppers, and recover lost sales. CB4's influence extends to over 3,000 stores in more than 20 countries, showcasing the scalability and effectiveness of its AI-powered solutions.
Recognition and Certification
CB4's innovations in retail technology have earned it a place in the 2020 CB Insights Retail Tech 100 list of the most innovative retail startups. The company further achieved the 2021 Great Place to Work® Certification, underscoring its commitment to maintaining a positive and productive work environment. Such accolades highlight CB4's impact within the retail tech industry.