CleverTap Acquires rehook.ai to Enhance AI-Driven Promotions
CleverTap has announced the acquisition of rehook.ai, a Y Combinator-backed startup, to strengthen its AI-driven promotions and customer retention capabilities. In a press release, CleverTap detailed that the integration of rehook.ai's innovative promotions engine will unify analytics, engagement, and promotions, thereby boosting AI-driven campaigns.
rehook.ai offers a promotions automation solution that empowers businesses to manage various promotional activities such as coupons, discounts, gamification, loyalty programs, and referral initiatives. This acquisition aims to enhance CleverTap's ability to create, distribute, track, and optimize diverse promotional campaigns, ultimately increasing conversions and improving user retention.
Anand Jain, Co-founder and Chief Product Officer of CleverTap, expressed excitement about the acquisition, highlighting its potential to unlock multiple use cases across industries like gaming, retail, and financial services. Akhil Suhag, CEO and Co-founder of rehook.ai, noted that joining forces with CleverTap would bring their vision of smarter, more dynamic promotions to a global audience, enhancing personalized marketing efforts.
We hope you enjoyed this article.
Consider subscribing to one of several newsletters we publish like Sales & Marketing AI Weekly.
Also, consider following us on social media:
More from: Funding
Subscribe to Daily AI Brief
Daily report covering major AI developments and industry news, with both top stories and complete market updates
Market report
Superagency in the Workplace: Empowering People to Unlock AI’s Full Potential
This report explores the transformative potential of artificial intelligence in the workplace, emphasizing the readiness of employees versus the slower adaptation of leadership. It highlights the significant productivity growth potential AI offers, akin to historical technological shifts, and discusses the barriers to achieving AI maturity within organizations. The report also examines the role of leadership in steering companies towards effective AI integration and the need for strategic investments to harness AI's full capabilities.
Read more