{"id":457891,"date":"2021-03-15T13:11:13","date_gmt":"2021-03-15T17:11:13","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=457891"},"modified":"2021-03-15T13:11:13","modified_gmt":"2021-03-15T17:11:13","slug":"iterate-ai-announces-142-revenue-growth-as-customer-demand-swells-for-faster-digital-innovation-and-competitive-differentiation","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/iterate-ai-announces-142-revenue-growth-as-customer-demand-swells-for-faster-digital-innovation-and-competitive-differentiation\/","title":{"rendered":"Iterate.ai Announces 142% Revenue Growth as Customer Demand Swells for Faster Digital Innovation and Competitive Differentiation"},"content":{"rendered":"<h2>\nAccelerated market traction attributed to the continued expansion of Iterate\u2019s AI-fueled ecosystem and its ability to fast-track complex applications for customers across industries<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p align=\"left\">SAN JOSE, Calif.\u00a0and\u00a0DENVER, March  15, 2021  (GLOBE NEWSWIRE) &#8212; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=1_lnyb7Yn_8ZTOx_nq8xOpUvJlwgxOlVrbD-RsMYLc9o4CIVK6Mot-jLCU6qbpBJWF4DJQ9ekpdfsFAtmpzRSQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>Iterate.ai<\/u><\/a>, whose innovation ecosystem enables customers to identify signals within trends, monitor more than 1 million emerging technologies, and build pilot-ready applications up to 10x faster, today announced record revenue growth on the strength of maturing products and new customer contracts.<\/p>\n<p align=\"left\">Iterate revenues in 2020 reached 142% what they had been the year prior. This growth was in part driven by Iterate\u2019s success enabling its retail-industry clients to rapidly adapt to massive shifts in consumer behavior brought on by the pandemic. From building solutions for frictionless curbside pickup to touchless checkout, to helping clients create new digital communities and unlocking AI-driven market analyses, Iterate introduced new capabilities throughout 2020 that strengthened clients\u2019 consumer engagement in an unpredictable year. Iterate also steadily expanded its client base over the year, adding a number of major brands in retail, fashion, and CPG.<\/p>\n<p align=\"left\">\u201cThe tremendous traction we\u2019ve achieved in the past year is rightly attributed to the fact that we are understanding what our clients need, and then developing the capabilities they require to innovate quickly, safely, and more easily within their ultra-competitive landscapes,\u201d said Jon Nordmark, CEO, Iterate. \u201cFor businesses that must scale digital innovation initiatives to set them up for success now and into an unpredictable future, Iterate is the partner to get them there. Looking forward to 2021, we expect our growth to only accelerate, propelled by the strength of our unique and maturing solutions, and the incredible work our team at Iterate is capable of.\u201d<\/p>\n<p align=\"left\">In line with the revenue increase, Iterate has similarly achieved significant product growth over the past year by advancing the feature-set and maturity of both its <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=LIrODhz-IvFFP3In6FGl4FeNDvcEdd4GkUxmvGjWdRhFEc-hXBdIriVSH3uay81G-cP8dtVYUD1oNLLw9zE2TVnb4I3nc7GP0FZXYvLa7Us=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>Evaluation Cloud<\/u><\/a> and <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=HDOSXrXm7fK75bIPs_tzZ6eR675_022F81ZHkKjfj7lALBveIpBoIH83_xZvcpPYxjUyWThrY_Z5rVYrXDDwkZOLpVGWJR6bQRvLePF4JfI=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>Execution Cloud<\/u><\/a> solutions. Powering the Evaluation Cloud, Iterate\u2019s <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=aua_rLYK_C3Rvd6p2qPJqfofehhmAI4gDcDc5_0UzqrWb8X24wetlML58x8PklSXf_udS5QgCveax0zDsrUK5A==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>Signals<\/u><\/a> database tool continues to introduce powerful new technology-analysis capabilities. Now tracking more than 1,100,000 technology startups, Signals\u2019 real-time innovation trend visualizations provide AI- and data science-driven solution curation, capability landscapes, and trend intelligence that customers cannot get anywhere else. These advances are a realization of Iterate\u2019s commitment to enabling mature AI capabilities throughout its ecosystem.<\/p>\n<p align=\"left\">Revenue from Iterate\u2019s Execution Cloud alone has doubled in the past year. <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=bjq8NYb_4yA_3ubXVwzLOQ-1lGGAWDfqOIRgPdmEXwutIVMm760ddLhzYWqk4df5OwqyrrWnzWSZId_9Kc5hvg==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>Interplay<\/u><\/a>, Iterate\u2019s low-code middleware platform powering the Execution Cloud and accelerating the development of digital applications, recently added expansive new functionalities. Interplay now features 34 pre-built AI\/ML modules, pursuant to Iterate\u2019s goal of delivering an AI-in-a-Box solution. With this product growth, Iterate\u2019s Execution Cloud democratizes AI capabilities and enables simplified opportunities for product invention in-line with prevailing citizen-developer trends.<\/p>\n<p align=\"left\">Iterate also made strides in broadening its patent portfolio, earning its first patent in 2020 for \u201cContainer Architecture for Modular Machine Learning.\u201d This drag-and-drop AI solution extracts complex AI systems to portable containers or modules \u2013 democratizing AI by allowing developers to build complex AI solutions without being specialists. Other pending patents submitted by Iterate include a solution that automates scaling and processing for complex AI intensive applications, as well as others focused on enabling developers to leverage powerful and innovative capabilities with greater simplicity.<\/p>\n<p align=\"left\">\n        <strong>About Iterate.ai<\/strong><\/p>\n<p>Located in Silicon Valley and\u00a0Colorado,\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=1_lnyb7Yn_8ZTOx_nq8xOirMKxtgdErovvwCGJS0-vFjz2SEA6Nlbeoyx37oA2gTCUrPDoeGgyhPMTpdgYU9PA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>Iterate.ai<\/u><\/a>\u00a0provides the world&#8217;s simplest, safest, and speediest way to get digital innovation done. Executives use Iterate&#8217;s advisory services and its patent-pending software as an open innovation tool that organizes and manages a steady stream of digital progress.\u00a0<\/p>\n<p align=\"left\">Iterate operates two complementary software Clouds \u2013 one for evaluation, the other for execution. Together, they create a\u00a0<strong>Digital Innovation Workflow Platform<\/strong>.\u00a0<\/p>\n<p align=\"left\">Iterate\u2019s\u00a0<strong>Evaluation Cloud<\/strong>\u00a0provides real-time decision-making guidance related to partnerships, M&amp;A and the development of strategic roadmaps. The Evaluation Cloud includes these products: Signals, Emerging Technology Experience Tools, Curation Technologies, and the Iterate.ai website.<\/p>\n<p align=\"left\">Iterate\u2019s\u00a0<strong>Execution Cloud<\/strong>\u00a0includes a microservices platform &#8212; branded Interplay. Interplay is used as a\u00a0<strong>digital prototyping tool<\/strong>\u00a0and as\u00a0<strong>modular middleware<\/strong>\u00a0that enhances enterprise tech stacks. With more than 460 prewrapped APIs, enterprises leverage Interplay to build and deploy a wide range of AI-based features. Interplay speeds up digital app-building by 10X while reducing IT deployment costs.\u00a0<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE5MDI0NSM0MDY0NzM1IzUwMDA3ODU0Mw==\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/e8581acb-c6ee-41f7-872a-c22294261d23\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\">\n<pre>Contact\r\nKyle Peterson\r\nkyle@clementpeterson.com<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Accelerated market traction attributed to the continued expansion of Iterate\u2019s AI-fueled ecosystem and its ability to fast-track complex applications for customers across industries SAN JOSE, Calif.\u00a0and\u00a0DENVER, March 15, 2021 (GLOBE NEWSWIRE) &#8212; Iterate.ai, whose innovation ecosystem enables customers to identify signals within trends, monitor more than 1 million emerging technologies, and build pilot-ready applications up to 10x faster, today announced record revenue growth on the strength of maturing products and new customer contracts. Iterate revenues in 2020 reached 142% what they had been the year prior. This growth was in part driven by Iterate\u2019s success enabling its retail-industry clients to rapidly adapt to massive shifts in consumer behavior brought on by the pandemic. From building solutions for frictionless curbside pickup &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/iterate-ai-announces-142-revenue-growth-as-customer-demand-swells-for-faster-digital-innovation-and-competitive-differentiation\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Iterate.ai Announces 142% Revenue Growth as Customer Demand Swells for Faster Digital Innovation and Competitive Differentiation&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-457891","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Iterate.ai Announces 142% Revenue Growth as Customer Demand Swells for Faster Digital Innovation and Competitive Differentiation - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/iterate-ai-announces-142-revenue-growth-as-customer-demand-swells-for-faster-digital-innovation-and-competitive-differentiation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Iterate.ai Announces 142% Revenue Growth as Customer Demand Swells for Faster Digital Innovation and Competitive Differentiation - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Accelerated market traction attributed to the continued expansion of Iterate\u2019s AI-fueled ecosystem and its ability to fast-track complex applications for customers across industries SAN JOSE, Calif.\u00a0and\u00a0DENVER, March 15, 2021 (GLOBE NEWSWIRE) &#8212; Iterate.ai, whose innovation ecosystem enables customers to identify signals within trends, monitor more than 1 million emerging technologies, and build pilot-ready applications up to 10x faster, today announced record revenue growth on the strength of maturing products and new customer contracts. Iterate revenues in 2020 reached 142% what they had been the year prior. This growth was in part driven by Iterate\u2019s success enabling its retail-industry clients to rapidly adapt to massive shifts in consumer behavior brought on by the pandemic. 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Iterate revenues in 2020 reached 142% what they had been the year prior. This growth was in part driven by Iterate\u2019s success enabling its retail-industry clients to rapidly adapt to massive shifts in consumer behavior brought on by the pandemic. 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