| Acquired by | ATG (Art Technology Group) |
| Price | $10M |
| Date | 1/08 |
| Terms | Cash |
| Website | cleverset.com |
| Blog | blog.cleverset.com |
| Category | eCommerce |
| Phone | (206) 965-8735 |
| info@cleverset.com | |
| Employees | |
| Description | Ecommerce Recommendation Engine |
| TOTAL | $3.6M |
| FUNDING TOTAL | $3.6M |
| Series A, 9/05 Ridgewood Capital | $1.2M |
| Seed, 1/06 National Science Foundation | $500k |
| Angel, 8/06 | $1.4M |
| Angel, 12/07 | $500k |
Cleverset was started by statistics expert Bruce D’Ambrosio, professor emeritus at Oregon State University. He got a grant from the National Science Foundation to track the behavior of satellites. He later hired CEO, Todd Humphrey, to help turn the project into a business.
| Website | cleverset.com |
| Stage | Live |
| Tags | recommendation-engine |
CleverSet offers discovery and recommendation engines to e-commerce sites. They differ from other recommendation services by using a statistical approach to making product matches. The Seattle-based startup competes with the likes of Aggregate Knowledge, Criteo, MyStrands, and ChoiceStream.
CleverSet powers several high profile websites including Sephora’s, Wine Enthusiast, and part of Overstock.