Nostra AI Raises $8.9M to Revolutionize E-commerce Website Speed
Slice of Retail Team
09/16/2024
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.
Source: Business Wire
Quotes
“ "Customers are seeing north of a 10% lift in revenue by simply decreasing page load time." ”
Arthur Root, CEO and Founder, at Nostra AI
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.
