“The internet lets you buy, but it doesn’t let you shop” Benedict Evans, Andreessen Horowitz
Ecommerce has stagnated. While online shopping data is constantly collected, consumers never see the benefit, and are increasingly jaded by irrelevant recommendations and generic adverts that don’t understand their tastes and style. This results in huge numbers of missed sales and missed opportunities which could be saved by recommending the right product to the right person, intelligently.
Online fashion retail accounted for $72bn sales in 2016 in the US alone. Effective, personalized recommendation could lift sales by 19%, worth over $13bn to the US fashion market.
Pasabi uses pioneering Artificial Intelligence to give consumers a truly personalised shopping experience. By harnessing the raw data of Pinterest and other social data sources, Pasabi automatically generates personalised and accurate style recommendations. Delivering the right product, to the right person, at the right time.
Pasabi makes commission on every sale made through the Pasabi app & service. We also charge monthly license fees to retailers and brands for our API, white-label, instore and analytics services.
Pasabi (Cunning Blade Ltd) has been trading since 2014. In October 2015 we were awarded a SMART Feasibility Grant worth £100k. In the same month we won a place on the prestigious London-based TrueStart Retail accelerator programme. In 2016 we won the Innovate UK sponsored Edinburgh Digital Media Launchpad R&D grant worth £83k.
In June 2017 we were proud to have secured Luxury giant LVMH as one of our first customers. We have been nominated for the "tech innovation of the year award" at the Uk tech awards 2017.
Chris Downie, CEO, is a technical leader with over 19 years’ experience. He has delivered major digital projects for SkyScanner, the Rank Group, Coors, First ScotRail, IRN BRU, Schroders and Standard Life.
Martin Spinks, CTO, also has 19 years’ experience working in senior positions from technical architect to digital director for some of Edinburgh’s most high profile digital agencies. Martin has delivered Artificial Intelligence and big data projects for the likes of Virgin Media and LoveFilm.