LocalExpress to Extend Data Syndication for Grocers

US-based grocery and food retailer commerce platform LocalExpress has secured $6.2m in venture funding, led by OXZ Capital, and says by investing heavily in its AI product capabilities it will extend its offering to serve as 'the grocery industry's premier data syndication platform.'

LocalExpress's AI-powered systems harmonize and process millions of transactions and inventory updates across hundreds of retailers, and are integrated with major POS, CRM/automation, loyalty, coupon and retail media solutions. The firm already acts as a data syndication source for a variety of grocery tech giants, and in addition to significantly increasing these projects across the industry, the funds will help to boost its go-to-market strategies and brand awareness with independent and regional grocers across its home markets throughout the Americas.

CEO and co-founder Bagrat Safarian (pictured) comments: 'From day one of launching LocalExpress, we have been helping independents with structuring, harmonizing and enriching their grocery data. We have built a tremendous data transformation library and now with the AI revolution, we're growing our proprietary grocery data AI to become the Zapier for grocery data - seamlessly connecting and distributing intelligence across the entire tech ecosystem. This amplifies the data intelligence we've built and helps grocers make smarter decisions with timely analytics. OXZ Capital's investment and expertise will help us scale further and faster, particularly as we bring more AI-powered solutions to market that empower independent retailers to compete at the highest level.

Web site: www.localexpress.io .