Hammoq Inc.

Hammoq Inc. is a technology company that leverages artificial intelligence to streamline the online selling process, particularly for e-commerce platforms like eBay, enhancing user efficiency and productivity. Hammoq Inc. , founded in 2020 and headquartered in Phoenix, US, provides AI-driven solutions for online marketplaces.

The company was co-founded by Siddharth Lunawat and Ty Blunt. In December 2021, Hammoq raised USD 5. 80 mn in Seed funding, led by Sierra Ventures, alongside Origin Ventures and Silicon Road Ventures, bringing the total amount raised to USD 5. 80 mn with a current valuation of USD 40.

58 mn. Hammoq’s primary product, Infinity AI, is a Google Chrome Extension designed to enhance the efficiency of listing items on various online marketplaces, including eBay. The software utilizes artificial intelligence to analyze product data and automatically populate item specifications, significantly reducing the time and effort users typically spend on manual data entry. Infinity AI aims to maximize listing efficiency by 10X and decrease time spent on listings by 50%, offering a streamlined approach for users across multiple sectors, including retail management and reselling.

The extension is particularly valuable for small business owners, thrift store operators, and online resellers who are looking to optimize their selling processes. Currently, the product is active in major markets such as North America and Europe, catering to a diverse client base that engages in e-commerce across various platforms. Hammoq generates revenue primarily through a credit-based transaction model associated with its Infinity AI service. Users receive 100 free credits upon signing up, which can be used for the software's autofill capabilities.

Once these credits are exhausted, clients have the option to purchase additional credits or upgrade their service plan according to their specific usage needs. This model allows for flexibility among different types of users, from individual resellers to larger retail managers. The company offers various pricing tiers to accommodate the diverse needs of its clientele, ensuring that clients can select a plan that aligns with their operational requirements. The direct-to-consumer approach enables Hammoq to maintain a close relationship with its users, further enhancing customer loyalty and lifetime value.

In December 2021, Hammoq Inc. raised USD 5. 80 mn in Seed funding, aimed at automating marketplace listings and opening new channels for reseller financing as well as product procurement. The company plans to leverage this funding to accelerate the development of its AI and machine learning platforms.

Future product launches are expected to enhance offering capabilities, and the company is targeting expansion into new geographical markets, including additional regions in North America and Europe, with plans to implement these initiatives by late 2023.