Eversight Labs
Eversight Labs, acquired by Instacart, specializes in AI-powered pricing and promotions solutions for CPG brands and retailers, influencing over $80 billion in sales and holding 28 patents in the field.
Services
Eversight Labs specializes in AI-powered pricing and promotions solutions, aimed at optimizing the financial performance of Consumer Packaged Goods (CPG) brands and retailers. The platform continuously tests pricing strategies and promotional offers with real shoppers, providing timely market insights. These services help brands and retailers harmonize disparate data sources to make more informed decisions, driving increased revenue.
History
Eversight Labs has emerged as a significant player in the AI-powered pricing and promotions sector. The company has achieved notable recognition, including being named an IDC Innovator in September 2022. In an effort to further its impact on the market, Eversight Labs was acquired by Instacart. Over its operational timeline, the company has influenced more than $80 billion in sales revenue, demonstrating substantial growth and market influence.
Innovations and Patents
Eversight Labs holds 28 patents related to promotion optimization and pricing experimentation. These innovations are central to the company's offering, enabling continuous testing and real-time market insights. The proprietary technology behind these patents empowers CPG brands and retailers to optimize their pricing and promotional strategies effectively.
Locations and Offices
Eversight Labs is headquartered in San Francisco, CA and maintains additional offices in Chicago, IL. These locations support the company's operations and enable it to serve a diverse range of clients across different regions. The strategic presence in these key cities allows Eversight Labs to remain at the forefront of market innovations and client engagement.
Revenue Growth
Eversight Labs has demonstrated significant financial growth, with subscription revenue increasing by 62% over the 12-month period ending in May 2022. This growth underscores the market's positive reception of Eversight Labs' AI-powered solutions, reflecting its value proposition and the effectiveness of its continuous testing platform.