Retail / eCom

Ecommerce Investors Believe Big Data Can Aid Online Merchants

A number of companies that were set up to help online merchants through the use of data-driven services have received funding lately, proving that ecommerce is not immune from the “big data” craze. One such company, Channel IQ, is developing what it calls the world’s largest retail data exchange.

Channel IQ CEO Wes Sheperd said his platform connects manufacturers and retailers, providing unprecedented access to sales, pricing information and product catalogs, as well as market and competitor insights. His company closed a $12 million funding round from Drive Capital last week.

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