HAMMOQ
HAMMOQ provides AI-powered resale and recommerce solutions, aiming to enhance profitability and sustainability in the resale industry by automating processes such as sorting, photography, and listing.
AI-Powered Resale and Recommerce Solutions
HAMMOQ offers AI-powered resale and recommerce solutions that include sorting, photography, and listing services. Their technology integrates automation to make resale operations more profitable by reducing human touchpoints and boosting revenue growth. The company claims that their solutions can increase revenue by 266% and reduce costs by 36% for customers.
HAMMOQ High-Speed Photography Technology
HAMMOQ has developed a patented high-speed photography solution known as the HAMMOQ Conveyor. This technology captures top-quality product photos consistently and from multiple angles within seconds. The high-speed photography capability is designed to efficiently aid in the listing and selling processes for online resellers.
HAMMOQ Listing Solution
The HAMMOQ Listing Solution is an AI-powered SaaS platform that automates the listing process for online resellers across various marketplaces. By using this solution, resellers can streamline their operations and improve the efficiency and accuracy of their listings, leading to better market performance and higher profitability.
HAMMOQ Sorting Solution
HAMMOQ Sorting Solution utilizes machine learning to accurately identify garments and predict their resale value. This technology assists resellers in making informed decisions about which items to list and helps in estimating the potential revenue from each garment, enhancing the overall efficiency and profitability of resale operations.
Funding and Sustainability Initiatives
HAMMOQ has raised $24 million in funding to advance its AI and machine learning platform aimed at automating marketplace listings. In addition to technological advancements, HAMMOQ is committed to sustainability by aiming to prevent 80 billion resalable items from ending up in landfills each year. Their efforts contribute to reducing environmental impact and promoting a circular economy.