Subscribe to The VentureFizz Podcast:
Episode #364 of The VentureFizz Podcast features John Andrews, Co-Founder & CEO of Cimulate.
There is a wave of entrepreneurs who are uniquely qualified to build a pillar tech company in the Boston tech ecosystem while leveraging the platform shift to AI. Not only is John one of them, but he is also an alum of the very successful crew from Endeca.
John and his co-founder, Vivek Farias, are tackling the future of eCommerce and as you’ll hear, their platform is a perfect use case for Gen AI. Their last company, Celect, was a big data predictive analytics platform for the retail industry which was acquired by Nike.
Cimulate recently announced a $28M Series A round of funding led by Spark Capital with participation from their seed stage investors SIERRA Ventures and Pillar VC, with additional participation from LFX Venture Partners and Commerce Ventures.
In this podcast, we cover:
- A deep dive into the use cases of AI in the retail & eCommerce industry especially around personalization.
- John’s background story and getting his career started at Deloitte Consulting and getting an MBA from HBS.
- How he met Steve Papa, the founder of Endeca, and the full lifecycle of his experience there including the acquisition by Oracle and integration of their tech there.
- Connecting with Vivek Farias and Devavrat Shah through Steve Papa and the story of building Celect which was using AI / machine learning back in 2014.
- How the acquisition by Nike came together
- All the details about Cimulate and how the platform works, plus their growth plans ahead.
- Biggest lessons learned as a multi-time CEO.
- And so much more.
Episode Sponsor:
As a longtime champion of the local startup ecosystem, Silicon Valley Bank supports innovative companies with the solutions and financing they need through every stage of growth. With more than 1,500 bankers and relationship advisors, and $42B in loans as of Q2 2024 – SVB delivers the right people, service and resources to support your entire financial journey. Learn more at SVB.com.
