Cymbio recognized for achievements in eCommerce automation
NEW YORK, March 15, 2022 — CB Insights today named Cymbio to its Retail Tech 100 ranking, which showcases the 100 most promising B2B retail tech companies in the world.
The 2022 Retail Tech 100 cohort highlights startups reimagining the retail experience across 13 categories. This year’s winning companies are working on hyper-personalized shopping, blockchain-powered commerce, autonomous delivery, virtual shopping, and more. 19 countries are represented this year, including India, China, Mexico, Singapore, and the Netherlands, among others.
“By almost any measure, this has been a breakout year for retail tech. We’ve seen skyrocketing funding across the industry, powering companies involved in every aspect of retail from instant grocery delivery to supply chain technology,” said Brian Lee, SVP of CB Insights’ Intelligence Unit. “In 2021 alone, these 100 companies raised $13.1B in funding, an incredibly impressive feat. As the retail landscape evolves, we’re excited to see how the companies on the Retail Tech 100 continue to revolutionize how consumers shop.”
“It’s certainly an honor to be named to one of the CB Insights Retail Tech 100. Cymbio’s technology has the potential to be a serious disruptor in the industry, and it’s a testament to our team’s hard work that we’ve been recognized as such,” said Roy Avidor, Cymbio’s CEO and co-founder. “Enabling brands to shift towards a more viable future in multi-channel commerce is our ethos. Their success is our own, and we intend to keep up the hard work.”
Through an evidence-based approach, the CB Insights research team selected the Retail Tech 100 from a pool of over 7,000 companies, including applicants and nominees. Selection was based on factors including patent activity, business relations, investor profiles, news sentiment analysis, proprietary Mosaic Scores, market potential, competitive landscape, team strength, and tech novelty.
Cymbio’s automation platform is the ultimate brand-to-retail connection for digital scaling and growth. Our technology offers brands of all sizes to expand their eCommerce operations by bridging the gap between them and retailers, drop ship sites, and online marketplaces. Cymbio’s technology solves the issue of tedious onboarding to and daily maintenance with retailers by translating, integrating and updating product data, orders, inventory, invoicing management and more. Since our platform is agnostic and can be adapted for every system out there, it gives brands the ability to expand not only to one or two additional sales channels, but to dozens, effectively scaling their operations exponentially, without ever requiring additional resources.
About CB Insights
At CB Insights, we believe the most complex strategic business questions are best answered with facts. We are a machine intelligence company that synthesizes, analyzes and visualizes millions of documents to give our clients fast, fact-based insights. Serving the majority of the Fortune 100, we give companies the power to make better decisions, take control of their own future, and capitalize on change.
Cymbio’s digital commerce enablement platform provides brands a robust, centralized platform to manage marketplaces and drop ship sales and operations, from data integration, set-up, mapping, taxonomy, onboarding, and daily management of all operational needs. Cymbio enables digital sales growth for brands with the world’s first brand-centric drop ship and marketplace automation platform and acts as the technology bridge between brands such as New Balance, Authentic Brands Group, Steve Madden, Marchesa, Camper, Micro Kickboard, and thousands of retailers, marketplaces, department stores, and boutiques, such as Farfetch, Kohl’s, Macy’s, Dillard’s, Saks, Urban Outfitters, Kroger, Walmart, Zappos and others.