Recently, Bloomreach made an announcement about surpassing $260 million in annual recurring revenue. Which is a result of having a record-breaking fiscal year. This achievement has been possible due to the increased adoption of its Loomi AI agentic platform globally. Moreover, the company has managed to achieve positive free cash flow. Which is an indication of its strongest performance in the current quarter. The company has been able to establish itself as a leader in the market by concentrating on deep personalization. As a result, more than 1,400 brands trust Bloomreach to power their digital shopping experiences.
“Even amidst this rapidly changing technology market, Bloomreach is seeing phenomenal growth. That’s a testament to the value Loomi AI is delivering for customers,” said Raj De Datta, co-founder and CEO, Bloomreach. “Using AI to personalize the customer experience has been our mission from day one, and as AI advances, the value we can provide just continues to compound. We were built for this moment.”
Expansion Across Regions and Autonomous Commerce Innovation
The main reason for the growth of the platform is its capability to interpret the customer intent in real time. At the same time, the company has further strengthened its presence in the APAC region & also opened new data centers. Scaling Autonomous Innovation and Global Reach. Almost half of the company’s customers are now using at least one next-generation AI agent. In particular, the conversational shopping agents experienced a 113% increase in engagement during the holiday season. This achievement has encouraged new partners to join the company, including brands such as SPANX and ALDO. At the same time, the new Loomi Connect functionality enables companies to embed search intelligence into conversational interfaces such as ChatGPT. In the end, Bloomreach is again redefining the future of commerce with its autonomous and intelligent solutions.
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News Source: Businesswire.com
