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Bungee Tech

Acquired

Founded 2012 · 162 employees on LinkedIn · 2 known investors

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283 people in our graph share verified history with the Bungee Tech team — schools, employers, funds. One of them is your warm intro.

Mark Nelsonunlockedknows Venkatramanan PK · together at Oracle (overlapped)
×9knows the team · via Oracle
×2knows the team · via M33 Growth

ClearDemand is an AI-powered platform that provides price optimization, promotion planning, and competitive intelligence for regional grocery and convenience retailers. The platform helps smaller grocery chains compete with national competitors by automating pricing strategy and reducing manual work for pricing teams.

Also known as Bungee Tech Inc. · Clear Demand · ClearDemand

Founders & leadership

VPVenkatramanan PK
Venkatramanan PKinEngineering / AI at M33 Growth

Investors · 2

Company profile

researched Aug 2026

Bungee Tech was a retail and CPG data intelligence company that used machine learning to collect, match and analyze publicly available e-commerce and store-level data on price, availability, promotion, assortment and sales. It offered two packaged products: Brandscape, aimed at giving brands visibility into their e-commerce and omnichannel presence using product- and store-level data from hundreds of retailers, and Retailscape, aimed at helping retailers understand competitive pricing, promotions and product assortment through always-on data extraction, catalog matching and price variation monitoring. A custom solutions line applied the same data collection engine to industry-specific questions outside the packaged products.

In January 2025, Bungee Tech merged with Clear Demand, and the combined business operates under the Clear Demand name. The merged platform, marketed at bungeetech.com as ClearDemand, targets regional grocery and convenience retailers and unifies competitive intelligence with base price optimization, promotion optimization and markdown. Advertised capabilities include holistic optimization of base and promotional pricing with cross-category affinity and cannibalization modeling, AI matching and equivalency for fresh and perishable SKUs across pack sizes and formats, grocery-specific rule handling such as private-label gaps versus national brand equivalents and promo shielding, weekly store- and zip-level list, promotion and price-per-unit data from more than 240 retailers including in-stock and delivery signals, and exception-based workflows with cost-of-rules reporting for lean pricing teams.

Business model

Bungee Tech sold subscription-style competitive intelligence and analytics products to two customer groups: Brandscape for consumer brands and Retailscape for retailers, plus custom data-collection engagements. Its custom solutions were delivered as ready-to-use intelligence through a self-service API and a Chrome browser plug-in, with data provided in customer-specified formats and optional add-on consulting to interpret results. Following the merger with Clear Demand, the combined company markets a single platform subscription covering competitive intelligence, price optimization, promotion and markdown for grocery and convenience retailers.

Full profile — history

History

Founder Rajat Nigam began considering starting the company in 2018, and the Bungee Tech name arose from friends comparing the move to a bungee jump; he left an executive role to work on the company full time after already having a built product and a paying customer. The company was headquartered in Bellevue, Washington, with offices in the USA and India, and was backed by NextGen Venture Partners and Cervin Ventures. Nigam reported significant growth during the COVID-19 period as consumers shifted online and more businesses sought omnichannel competitive intelligence. In January 2025, trade press reported that Bungee Tech and Clear Demand had merged into a single AI-powered pricing optimization and competitive intelligence platform operating under the Clear Demand name, with Alex Moorhead as CEO, Nigam as chief product officer and James A. Sills as president. The bungeetech.com domain now presents the ClearDemand product.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Case study profit impactJan 2025$6M
HeadcountAug 2026162
Reported gross profit uplift (customer outcome)Jan 20259%
Reported reduction in unproductive promotions (customer outcome)Jan 202520-50% reduction in unproductive promotions
Reported weekly hours saved through automation (customer outcome)Jan 2025100 hours per week
Retailers covered by competitive intelligence dataJan 2025240 retailers
Target pricing team size servedJan 2025Built for pricing teams of 3-20 people

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Timeline · 3

launches, deals, and filings
Jan 2025
Bungee Tech and Clear Demand merge, operating under the Clear Demand name

Clear Demand and Bungee Tech merged to form a single AI-powered pricing optimization and competitive intelligence platform, combining Clear Demand's price and promotion optimization with Bungee Tech's competitive intelligence and product matching. The combined company operates as Clear Demand, with Clear Demand executive chairman Alex Moorhead as CEO, Bungee Tech co-founder Rajat Nigam as chief product officer, and Clear Demand co-founder James A. Sills continuing as president.

source ↗

Jan 2025
Named a Leader in IDC's Retail Pricing & Promotion Software category

ClearDemand announced on its website that it was named a Leader in IDC's Retail Pricing & Promotion Software category.

source ↗

Jan 2025
Post-merger leadership: Moorhead CEO, Nigam chief product officer, Sills president

Following the merger, Alex Moorhead became CEO of the combined company, Bungee Tech founder Rajat Nigam became chief product officer, and James A. Sills continued as president.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Bungee Tech do?
ClearDemand is an AI-powered platform that provides price optimization, promotion planning, and competitive intelligence for regional grocery and convenience retailers. The platform helps smaller grocery chains compete with national competitors by automating pricing strategy and reducing manual work for pricing teams.
Who are Bungee Tech's investors?
Bungee Tech's investors include NextGen Venture Partners, UpVentures Capital.