Algolia Named a Top 10 Power Player on the CommerceTech Power List
Inaugural list recognizes the most innovative companies shaping the future of retail
SAN FRANCISCO, August 1, 2023 – Algolia, the world’s only end-to-end AI Search and Discovery platform, has been named a Top 10 Power Player on the CommerceTech Power List presented by Bain & Company, Bain Capital Ventures, and Coresight Research. The list celebrates the top tech leaders creating value and driving impact in the most critical areas for brands and retailers today, including marketing, merchandising, and loyalty.
Only venture-backed companies with $10 million or more in annual revenue were eligible to be a “Power Player” within the CommerceTech Power List. Nominations were solicited from an Advisory Board, featuring industry experts from Steve Madden, Bass Pro Shops, Walmart, eBay, and other notable retailers, and a Selection Committee composed of executives from Stitch Fix, Ulta Beauty, PacSun, Foot Locker, M.M. LaFluer, and Tapestry.
“Being named to the CommerceTech Power List is particularly meaningful given the influence that top retailers had on the creation of this list and the acknowledgment of Algolia’s real-world impact,” said Bernadette Nixon, CEO of Algolia. “Our AI-powered solutions empower consumers to discover relevant content faster and more intuitively than ever before by anticipating their needs and intent. This creates a much more enjoyable customer journey while significantly boosting conversions and revenue for retailers.”
In addition to this latest honor, Algolia recently received two Comparably awards: Best CEOs for Diversity and Best Company for Career Growth. This year the company earned a record-breaking 17 badges on G2’s Grid for Enterprise Search Software. Its NeuralSearch offering was also selected as a finalist in the digital technology category of Ventana Research’s Annual Digital Innovation Awards.
Algolia is the world’s only end-to-end AI search and discovery platform. Our engineers invented a breakthrough use of AI to create exponentially better search & discovery. Algolia’s proprietary NeuralSearch tech combines vector-based natural language processing & keyword matching in a single API. Algolia powers 1.75 trillion search requests a year or more than 30 billion a week enabling more than 17,000 customers (including Clarke, GoFundMe, Slack, and Stripe) in 150+ countries to build blazing-fast and relevant search and discovery experiences for their in-app users and/or online visitors using any web, mobile or voice device – by surfacing the desired content instantly and at scale.