Nostra AI Raises $8.9M to Help Brands Boost E-Commerce Performance, Bringing Total Capital Raised to $20M
September 11 2024 - 9:55AM
Business Wire
Led by High Alpha, the latest round of financing comes amidst
surging customer momentum, including enterprise fashion retailer
Forever 21 and fast-growing e-commerce brands like Jones Road
Beauty, Jolie and more
The 8.9M round of funding was led by venture firm High Alpha and
included participation from numerous firms, industry experts and
angel investors
With enterprise customer momentum including fashion retailer
Forever 21, Nostra AI’s Edge Delivery Engine™ showcases immediate
impact on core website metrics
New funding will be used for continued investment in R&D and
expansion into the Shopify and Salesforce ecosystems
Nostra AI, a conversion optimization software company for
e-commerce brands, announced today that the company has raised $8.9
million to make websites faster and optimize performance. The round
was led by High Alpha with participation from Signal Peak Ventures,
Sugar Capital, Crosscut and Good Friends along with industry
experts and angel investors such as Matthew Prince, Cloudflare CEO
and co-founder.
“When it comes to e-commerce, it’s no secret that website speed,
especially on mobile devices, has a direct impact on conversion
rates and revenue,” said Nostra AI CEO and Founder Arthur Root.
“Our proprietary Edge Delivery Engine™ makes websites substantially
faster, instantly — customers are seeing north of a 10% lift in
revenue by simply decreasing page load time.”
The Nostra AI Edge Delivery Engine™ speeds up websites by
examining personalized content such as shopping carts and
determining what content can be cached to decrease load times. The
engine, paired with Nostra AI’s Crawler Optimization that improves
website experiences for bots, provides a powerful suite of tools
that drive near-instant results for enterprise retailers like
Forever 21 and some of the fastest-growing e-commerce brands like
Jones Road, Jolie, BRUNT Workwear, Glamnetic, Cozy Earth and
Nood.
“We believe in delivering personalized online experiences for
our customers, which means leveraging third-party integrations and
rich media content,” said Jones Road Beauty Chief Marketing Officer
Cody Ploker. “Our website was beautifully designed, but page load
speed became an issue. Nostra AI instantly made our website faster
and boosted metrics like return on ad spend and conversion rate —
dramatically improving both website performance and user
experience.”
Dov Quint, who runs storefronts for Open Store, an e-commerce
aggregator founded by Keith Rabois, added, “Nostra has been very
helpful in speeding up our website and increasing conversion rates,
and has been a great partner in not only providing their software
but also their expertise.”
Today, over 450 million website visits run through Nostra AI per
month. With the recent funding, the company plans to invest in
continued R&D for their Edge Delivery Engine™ and Crawler
Optimization and continue their expansion into Shopify and
Salesforce ecosystems.
“Nostra AI has demonstrated it can deliver incredible results
and clear value for e-commerce brands,” said High Alpha Co-Founder
and Partner Kristian Andersen. “Consumers continue to demand
lightning-fast online experiences, and every millisecond has an
impact on the customer experience, as well as merchant revenue. We
believe Nostra is positioned to lead the website speed optimization
market and we’re excited to support Arthur and the Nostra AI
team.”
For more information, visit Nostra.ai.
About High Alpha
Based in Indianapolis, High Alpha creates, launches, scales and
invests in exceptional enterprise B2B software companies across
North America. The High Alpha portfolio of over 90 companies
includes leading cloud companies Logik.io, Attentive, SalesLoft,
Zylo, The Mom Project, LogicGate and more. For more information,
visit highalpha.com or follow @highalpha.
About Nostra AI
Nostra AI is a New York-based company specializing in website
performance optimization through its proprietary Edge Delivery
Engine™. Its mission is to empower brands to create lightning-fast,
engaging online experiences that drive conversions and boost
revenue. By combining cutting-edge technology with a data-driven
approach, Nostra AI helps its clients unlock the full potential of
their digital presence.
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version on businesswire.com: https://www.businesswire.com/news/home/20240911413668/en/
Rand Owens, VP of Marketing rand@nostra.ai