Constructor

Overview

Constructor.io is a technology company that provides AI-powered product discovery and search solutions primarily for the enterprise eCommerce sector. Founded in 2015 by Eli Finkelshteyn and Dan McCormick, the company is headquartered in San Francisco, California. It offers a platform that enhances the online shopping experiences by utilizing machine learning and data science to personalize and optimize product discovery. Constructor.io has successfully raised $61.1 million in funding, enabling it to serve major retail clients such as Sephora and Walmart's Jet.com.

Recent Developments

  • September 2024: Constructor.io launched a survey highlighting the importance of tailored search results and AI-driven features for improving online shopping experiences. The findings underscored consumer demand for more personalized and smart search functionalities in eCommerce platforms.
  • June 2024: The company announced its significant growth in revenue and expansion in client base, particularly in sectors like home goods and furnishings. It executed a major deal with a large retailer to enhance digital transformation through comprehensive product discovery solutions.
  • February 2024: Constructor.io reported milestones from FY23, during which it doubled its revenue. The platform was recognized multiple times on G2's Grids for E-Commerce Search Software, earning accolades like "Easiest to Use" and "Best Support."
  • September 2023: Introduction of automated product updates on the Constructor dashboard, improving user intervention efficiency in catalog management, and control functionalities.

Company Information

AttributeInformation
Founding Date2015
HeadquartersSan Francisco, California, United States
FoundersEli Finkelshteyn, Dan McCormick
RevenueNot explicitly disclosed; significant growth
ProfitsNot publicly specified
Key InvestorsSilversmith Capital Partners, Zetta Ventures
IndustryAI-based eCommerce Solutions
Number of Employees384

Early History

Constructor.io was established in 2015 with a vision to redefine how product discovery and search are managed in the eCommerce space. Co-founders Eli Finkelshteyn and Dan McCormick built the foundation of the company on their previous experiences in technology and product development. Initially, Constructor focused on developing a robust AI-powered search platform to assist online retailers in improving their customers' user experiences. By 2017, the company had already begun to make waves in the industry with its innovative approach to search personalization, driven by machine learning and data science.

Company Profile and Achievements

The business model of Constructor.io revolves around offering its advanced product discovery and search platform as a SaaS (Software as a Service). The platform utilizes natural language processing, machine learning-enhanced results ranking, and collaborative personalization to optimize user experiences. Some significant achievements of Constructor.io include:

  • Machine Learning: Continuously refining the search experience through machine learning to offer dynamic personalization to eCommerce users.
  • Major Clientele: Serving high-profile clients like Sephora, Tommy John, and Jet.com by delivering consistent $10 million or more in revenue lifts through improved search functionalities.
  • Industry Recognition: Winning accolades like being named in Will Reed’s Top 100 firms, highlighting companies shaping the future of workplace culture.
  • Revenue Growth: Doubling revenue in FY23 and expanding into new markets and sectors, leading to a broader client base.

Current Operations and Market Position

Constructor.io's current operations are focused on enhancing product discovery through AI-driven technology across various sectors, including home goods and enterprise retail. The company operates globally with a remote-first model, distributing its workforce across over 24 countries. Its market position is strengthened by its specialization in search personalization and machine learning, which gives it a competitive edge in the eCommerce technology space. Constructor continues to innovate by integrating automated features and expanding into new markets, thus solidifying its status as a leader in eCommerce solutions.

Conclusion

Constructor.io stands as a significant player in the eCommerce technology industry, leveraging AI and machine learning to redefine the landscape of product discovery and search. Its innovative solutions have carved a niche that caters to the needs of prominent retail brands, enhancing customer satisfaction and business performance. Looking forward, Constructor.io is poised to further impact the industry through strategic growth and continued technological advancements, potentially setting new standards for eCommerce platforms across the globe.

References

  1. Crunchbase - Constructor
  2. PR Newswire - FY23 Milestones
  3. CB Insights - September 2024 Developments
  4. SaaSworthy - Product Features
  5. LinkedIn - Company Overview