Advanced Analytics, Machine Learning and Artificial Intelligence Will Be Available to Help Joint Customers Deliver Optimal Business Outcomes
NEW YORK, Sept. 22, 2022 (GLOBE NEWSWIRE) — Boxed, Inc. (NYSE: BOXD, BOXD WS) (“Boxed” or the “Company”), the commerce technology company specializing as both an e-commerce retailer and e-commerce enabler, today announced that its Spresso SaaS platform is now Powered by Snowflake. Powered by Snowflake is a Snowflake Partner Network program, designed to accelerate the ability of companies and application developers to deliver differentiated applications by supporting them across all stages of the application journey in Snowflake’s Data Cloud.
Spresso solutions deliver actionable insights to help customers scale their businesses effectively by supporting efficient growth and cost reduction. The platform’s modularized analytics and machine learning solutions target specific opportunities in the retail ecosystem, allowing merchants to better forecast customer value, predict churn, optimize pricing for profitability and conversion, and drive efficiencies in packing and shipping.
“Our partnership with Snowflake allows our customers to seamlessly share the data needed to drive Spresso outputs. In turn, Spresso models run in the Snowflake Retail Data Cloud, returning predictive analytics and actionable insights to our mutual customers to achieve better business outcomes,” said Jared Yaman, Chief Operating Officer at Boxed and Spresso Business Head.
Through its Spresso platform, Boxed has been a longtime customer of Snowflake and a member of Snowflake Partner Connect, and now, the Snowflake Partner Network. Spresso tools and modules were built using the Snowflake Native Application Framework, currently in private preview, which enables application developers to build apps using Snowflake core functionalities, globally distribute them on Snowflake Marketplace, and deploy them within a consumer’s Snowflake account. Spresso will soon be available to Snowflake’s Data Cloud Ecosystem, consisting of more than 6,300 customers, and leverage Snowflake enablers such as Snowpark, Snowsight, and other valued marketplace partners.
“Our partnership with Boxed will drive valuable insights for our joint customers, providing them with the analysis they need to optimize their businesses,” said Rosemary Hua, Global Industry GTM Lead, Retail and CPG at Snowflake. “By becoming Powered by Snowflake, Spresso will allow our joint customers to leverage a streamlined implementation with a single source of truth to help them increase profitability, reduce churn, and drive a better customer experience.”
About Boxed
Boxed is an e-commerce retailer and an e-commerce enabler. The Company operates an e-commerce retail service that provides bulk pantry consumables to businesses and household customers, without the requirement of a “big-box” store membership. This service is powered by Spresso (https://www.spresso.com), the Company’s own Software & Service business. From solving challenges with data using machine-learning modules to re-platforming with end-to-end technology, Spresso’s purpose-built storefront, marketplace, analytics, fulfillment, advertising, and robotics technologies enable better business outcomes for e-commerce customers. The Company aspires to make a positive social impact with an emphasis on good Environmental, Social and Governance (“ESG”) practices, and as such, has developed a powerful, unique brand, known for doing right by its customers, employees and society. For more information, please visit investors.boxed.com.
Media Contacts
David Taft
Boxed
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Investor Contacts
Chris Mandeville
ICR
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