Announcing Stay Ai’s Series A Fundraise
I am so thrilled that we can officially share that Stay has raised a Series A, bringing our total funding to $15.1m. You can read the official announcement on Techcrunch here.
Stay Ai was built to solve the limitations in legacy subscription tools, which I was all too familiar with through my previous work building retention programs for 100+ brands as Managing Director of the retention division at Lunar Solar Group.
In just over a year and a half we’ve already delivered:
- Built-in marketing tools to incorporate offers into upcoming order notifications and the customer portal
- Testing and analytics capabilities, so brands can see what really moves the needle
- Proprietary machine learning models that deliver more personalized experiences and help automatically improve outcomes
We’re making a huge impact for brands leveraging our tools to drive transformational growth, and we’re just getting started.
“With the changing macro-environment, it’s been clear to us that brands have to turn their focus to attract and retain loyal customers. Stay Ai puts brands and their consumers first, and we’re confident it will become a leading subscription and loyalty solution for consumer brands.” – Amit Parekh, Principal at Telescope Partners
With $9M in fresh funding, we’ll double down on completely new-to-market features to help brands better reward and retain both subscribers and one-off purchasers.
What Does This Mean for Our Customers?
This fundraise is a means to serving our customers with the most advanced retention features for Shopify, faster. Priorities include expanding our product-centric 50+ person team to drive forward an industry-leading innovation roadmap.
In addition to continued iterative improvements to current features, here’s a sneak peek at what’s coming in the second half of 2023:
1. More machine learning and AI to expand personalization across every customer touchpoint and to improve business outcomes with automated optimization.
2 Enhanced analytics and reporting, with expanded dashboards, additional exporting capabilities and machine learning to help bring you better insights, faster.
3. A fresh take on customer rewards, to continue to give merchants new options to engage with their subscribers, proactively reduce churn, and build community.
4. Acquisition tools, to help brands acquire more high value customers and activate recurring revenue programs in new and unique ways.
The Power of AI to Turn Your Subscription Program into a Performance Channel
RetentionEngine’s AI models have been refined and perfected over the last three years, giving us the most advanced solution available on the market today.
Our analytics and AI/ML technologies are designed to seamlessly replace the time-consuming processes too many brands are still slogging through, like downloading data, creating pivot tables, and manually identifying the most successful actions.
It’s Time to Treat Your Retention Program Like a Performance Channel
You work hard and spend big to get new customers. With Stay Ai, you can amp up your efforts to keep them. Join hundreds of brands like Olipop, Obvi, Magic Spoon, and more that use Stay to manage millions of subscribers.