IoT smart packaging company Adrich is recognized for improving brand-consumer relationships through smart auto-replenishment and product usage insights.
NEW YORK, March 15, 2022 -- CB Insights today named Adrich, the smart product IoT tech company, 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."
“We are honored to be featured alongside the select group of companies that are shaping the future of retail,” said Adhithi Aji, CEO of Adrich.
“Our goal is to help our customers attract new consumers and retain the most loyal and happiest customers. With our novel & convenient smart auto-replenishment capability based on real-time consumer usage data, we help our clients drive consumer acquisition, customer lifetime value, and retention by double-digits. We are thankful to have the world’s most innovative companies partnering with us on this journey to create a frictionless and personalized replenishment experience to help them build a closer relationship with their consumers and better anticipate demand.”
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. The Mosaic Score, based on CB Insights' algorithm, measures the overall health and growth potential of private companies to help predict a company's momentum.
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.
For brands that sell consumable goods, who want to deepen and expand their customer relationships, Adrich is a SaaS/ PaaS platform that captures consumer's live product usage data to enable timely replenishment of products used in their homes. Unlike the homegrown online calendar-based Subscribe & Save services offered by the large ecommerce retailers like Amazon, Chewy and Target, that leaves you with either way too much or too little product at the wrong time, Adrich attaches peel & stick sensors to any type of CPG packaging to track live usage data to build accurate replenishment process that increase consumer lifetime value by more than 33%.