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Perfect Price has raised $6.0M across 1 funding round.
Key people at Perfect Price.
Perfect Price has raised $6.0M in total across 1 funding round.
Perfect Price provides an advanced cloud-based artificial intelligence platform specifically engineered for dynamic pricing and revenue management. The company's core offering leverages powerful AI algorithms to analyze complex data sets, optimizing pricing strategies across diverse inventories and services. This analytical approach empowers businesses to maximize their revenue potential through intelligent, adaptive pricing adjustments.
The company was co-founded in 2013 by Alexander Shartsis and Youngin Shin, emerging from the Alchemist Accelerator program in San Francisco. Their founding insight centered on the untapped potential of machine learning to solve intricate pricing challenges that traditional methods could not effectively address, particularly in industries with fluctuating demand and supply dynamics. This led to the development of a sophisticated system capable of real-time price optimization.
Perfect Price primarily serves businesses operating in sectors such as car rental, transportation, and other industries requiring agile revenue management. Its platform is designed for any enterprise seeking to enhance profitability by intelligently adjusting prices based on market conditions, inventory levels, and customer behavior. The company’s vision is to enable businesses to unlock their full revenue potential by providing unparalleled precision and automation in pricing decisions.
Perfect Price is a SaaS technology company offering an AI-powered dynamic pricing and revenue management platform designed for enterprises in dynamic industries like car rental, hotels, and retail.[1][2] It serves mid-to-large businesses by analyzing internal sales data, inventory, competitor pricing, consumer demand, and external factors to automate real-time price adjustments, predict demand, and maximize revenue while allowing users to set pricing boundaries.[1][2] The platform eliminates guesswork in traditional pricing, providing competitive visibility, accurate forecasts, and simulations for better decision-making, with early traction including beta success with consumer brands and plans to quadruple in size by 2019 after securing $5.8 million in seed funding.[1]
Founded in 2013 and headquartered in San Francisco, California (with a new Oakland office announced in 2018), Perfect Price emerged to address the complexity of revenue management in volatile markets.[1][2] The company launched its flagship platform publicly in October 2018 after a successful beta phase with major consumer brands, coinciding with $5.8 million in seed funding from four investors, including angel investor Dustin Robertson.[1][4] This capital fueled engineering expansion and go-to-market efforts, building on the idea of using machine learning and big data for effortless, real-time pricing optimization.[1]
Perfect Price rides the wave of AI adoption in revenue management, capitalizing on big data and machine learning to transform pricing from manual to predictive in high-volatility industries.[1][2] Its 2018 timing aligned with surging demand for real-time analytics amid e-commerce growth and competitive marketplaces, enabling businesses to counter supply-demand shifts and rival moves.[1] Market forces like rising consumer data availability and cloud scalability favor it, while competitors (e.g., Competera for retail, Pricefx for optimization) highlight a fragmented but expanding space where Perfect Price differentiates via holistic data fusion.[4] It influences the ecosystem by democratizing advanced pricing tools, helping enterprises boost margins and adapt faster.
Perfect Price is poised to scale in AI pricing amid ongoing demand for automation in retail and services, potentially expanding beyond core sectors with its seed-fueled foundation.[1][2] Trends like advanced simulations and third-party data integration will shape its path, especially as AI matures for enterprise forecasting.[1][3] Its influence may grow through deeper market penetration and partnerships, evolving from a startup disruptor to a standard in dynamic revenue optimization—delivering the effortless pricing edge that defined its launch.[1]
Perfect Price has raised $6.0M in total across 1 funding round.
Perfect Price's investors include Erik Eccles, Steven Tamm, Dustin Robertson.
Key people at Perfect Price.
Perfect Price has raised $6.0M across 1 funding round. Most recently, it raised $6.0M Seed in October 2018.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Oct 1, 2018 | $6M Seed | — | Erik Eccles, Steven Tamm, Dustin Robertson | Announced |
