Formisimo founders launch sister startup Nudgr
A new startup from the founders of Formisimo will use machine learning to optimise website conversions.
Nudgr is being launched by Al Mackin and Tom New and will complement Formisimo as a sister product.
Also involved are chief technical officer Doug Read, the CTO at Formisimo, and Luiz Aguiar, lead data scientist.
Aguiar, who holds a PhD in machine learning and has worked with Petrobras and Koch Industries, has created the algorithm behind Nudgr.
Mackin said that more details about the startup will be released soon, but a description on the Nudgr website explained what it would do: "Nudgr monitors the behaviour of potential customers on your website, identifying visitors who are about to abandon using Machine Learning.
"It triggers perfectly timed Nudges - such as a discount, incentive or social proof messages - that rescue abandoning customers, raising your conversions and revenue."
Analytics startup Formisimo, which was spun out of theEword by Mackin and New, recently announced it had grown its MediaCityUK-based operations to 14 staff.
Over the last two years, it’s raised almost half a million pounds through the North West Fund and various investors, including £30k through Venturefest and £85k from Creative England.
Around 70% of the firm’s revenue comes from outside the UK, with clients including Arsenal and Lexus.