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Nostra AI Raises $8.9M to Revolutionize E-commerce Website Speed

Author

Slice of Retail Team
September 16, 2024

Key Highlights:

  • Nostra AI raises $8.9 million in a funding round led by High Alpha.

  • Proprietary Edge Delivery Engine™ improves e-commerce website speed.

  • Brands like Forever 21 and Jones Road see a 10% increase in revenue from faster load times.

  • Over 450 million monthly website visits are optimized through Nostra AI’s platform.

  • Expansion planned into Shopify and Salesforce ecosystems.

Notable Quotes:

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"Customers are seeing north of a 10% lift in revenue by simply decreasing page load time."

Arthur Root, CEO and Founder, at Nostra AI
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"Nostra AI instantly made our website faster and boosted metrics like return on ad spend and conversion rate."

Cody Ploker, Chief Marketing Officer at Jones Road Beauty
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"Every millisecond has an impact on the customer experience, as well as merchant revenue."

Kristian Andersen, Co-Founder and Partner at High Alpha

Our Take:

Nostra AI’s ability to drive immediate results in e-commerce through its Edge Delivery Engine™ positions the company as a critical player in the website speed optimization market. As brands face increasing pressure to deliver seamless online experiences, tools that enhance performance, especially on mobile, will be key to staying competitive. The recent funding round highlights investor confidence in Nostra AI’s technology and its potential to reshape the digital landscape for enterprise retailers. The company's expansion into Shopify and Salesforce ecosystems further reinforces its strategic vision to serve a broader e-commerce clientele.