Fundraising Fox

Octane AI

Irvine, US Β· Founded 2016 Β· Delaware corporation Β· 1 employees on LinkedIn Β· 6 known investors

Octane AI builds AI-powered tools that help ecommerce brands create personalized shopping experiences. It serves online brands and merchants in the ecommerce industry.

Also known as Octane AI

Founders & leadership

Octane AI was founded in 2016 by Matthew Schlicht, Leif K-Brooks, Ben Parr, and Benjamin Parr.

MS
Matthew SchlichtCo-founder
LK
Leif K-BrooksCofounder30 Under 30 2018
BPBen Parr
Ben Parrin𝕏Co-Founder & President2018–2026Managing Partner at Theory Forge Ventures
BP
Benjamin ParrCo-founder

Board

BWBrayton Williams
Brayton Williamsin𝕏Board Member2020–2026Co-Founder & Partner at Boost VC

Investors Β· 6

Also in the syndicate Β· 1

General Catalyst Partners

Reported raises Β· per SEC filings

Form D private placements

$13.1M disclosed across 3 of 6 rounds Β· 2016–2021

β–Ά$5MraisedJun 2021 Β· 5 investors Β· Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Benjamin ParrExecutive Officer, Director
  • Matthew SchlichtExecutive Officer, Director
  • Brayton WilliamsDirector
Offering amount
$5M
Amount sold
$5M
Minimum investment
$100K
First sale
May 2021
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR β†—
β–Ά$3.5MraisedMar 2020 Β· 13 investors Β· Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Matthew SchlichtExecutive Officer, Director
  • Benjamin ParrExecutive Officer, Director
  • Leif K-BrooksDirector
Offering amount
$4M
Amount sold
$3.5M
Minimum investment
$10K
First sale
Mar 2020
Incorporated
Corporation, Delaware, 2016
Federal exemptions
06b
Full filing on SEC EDGAR β†—
β–Ά$4.7MraisedMar 2020 Β· 36 investors Β· Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Matthew SchlichtExecutive Officer, Director
  • Leif K-BrooksDirector
  • Benjamin ParrExecutive Officer, Director
Offering amount
$5M
Amount sold
$4.7M
Minimum investment
$1K
First sale
Jun 2016
Incorporated
Corporation, Delaware, 2016
Federal exemptions
06b
Full filing on SEC EDGAR β†—

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

Octane AI provides a quiz and personalization platform for Shopify merchants. Its core product lets brands build product recommendation quizzes without coding, capture email and SMS opt-ins through on-site pop-ups and widgets, and route the resulting preference data into marketing tools. The company positions the data it collects as "zero-party data" β€” preferences, goals and interests that shoppers share directly β€” as an alternative to cookie-based and third-party tracking.

The platform includes quiz templates and logic built for specific verticals including beauty and cosmetics, skincare, fashion and apparel, supplements, and food and beverage, and supports use cases such as shade matching, skincare and haircare routine builders, size finders, gift finders, single-product quizzes and lead generation. Additional capabilities include A/B testing, analytics, advanced logic branching, shareable results pages, custom CSS and JavaScript events, and developer tools. Earlier products described in press coverage include Facebook Messenger chatbots, the Shop Quiz and Conversational Pop-ups.

Octane AI states it works with more than 5,000 Shopify stores, has delivered over 100 million quiz interactions, and has influenced more than $1 billion in merchant revenue. Referenced customers include Jones Road Beauty, Bambu Earth and ILIA Beauty; Shopify has also been cited as a customer, having used an Octane AI Shop Quiz for its point-of-sale hardware selection.

Founding story

The company was founded in 2016 by three cofounders β€” Matt Schlicht, Ben Parr and Leif K-Brooks β€” all of whom were alumni of past Forbes 30 Under 30 lists, initially building conversational commerce and chatbot products. General Catalyst led the company's seed round.

Business model

Octane AI sells its platform to Shopify merchants as a subscription software product with usage-based credits, supplemented by white-glove services such as a dedicated account manager, custom onboarding and strategy consulting on higher tiers. It also operates an agency and technology partner program aimed at firms that support ecommerce brands.

Recurring monthly or annual subscriptions with tiered plans: Basic at $50/month ($43/month billed yearly, 400 credits), Plus at $200/month ($170/month billed yearly, 2,200 credits) and Enterprise & Unlimited from $500/month ($425/month billed yearly, 7,250+ credits or unlimited). One credit equals one quiz engagement; AI features consume additional fractional credits (Smart Products ~0.3, Smart Copy ~0.1, Image Analyzer ~0.2). Overage credits are billed at $0.10 each, unused credits roll over 30 days, there are no setup fees and each plan includes a 14-day free trial. In 2020 the company was reported to be generating between $1 million and $2 million in revenue.

Traction

The company reports more than 5,000 Shopify stores on the platform, over 100 million quiz takers, more than $1 billion in influenced GMV, a 4.9 rating, a 77% average quiz start rate and a 42% average email opt-in rate. Jones Road Beauty is cited as generating $100 million in revenue with Octane AI and more than 800,000 subscribers from its quiz, with over 80% of its marketing list attributed to Octane AI; Bambu Earth is cited at over $10 million a year from its quiz strategy; ILIA Beauty is cited at 99% shade match accuracy. Earlier milestones include more than 1,000 Shopify brands and $1-2 million in revenue in 2020, and over $73 million in revenue generated for small and medium-sized Shopify stores as of July 2021.

Latest developments

Current materials center on the CORE-1 AI engine and its Smart Products, Smart Copy, Smart Properties and Image Analysis capabilities, with the company stating it is continuously improving the Smart Products selection engine so recommendation quality improves across all stores over time. Pricing has moved to a credit-based model tied to quiz engagements and AI usage, with AI features included on all plans. The company is hiring for senior full-stack, machine learning, senior AI engineer and engineering manager roles, and markets enterprise features including SOC 2 compliance, custom DPAs, API access and dedicated Slack and phone support.

β–ΈFull profile β€” market position, technology, go-to-market, geography, history, risks & controversies

Market position

Octane AI describes itself as a quiz platform built specifically for Shopify and as a pioneer of zero-party data marketing for Shopify merchants. It was elected 2021 Best Storefront App by the Shopify team. Press coverage has framed its quiz approach against brand-built quizzes such as those used by Care/of and Prose, and a customer cites faster quiz editing versus Typeform.

Vertical-specific quiz templates and logic for Shopify categories, a proprietary CORE-1 AI engine that learns merchant catalogs and improves recommendation quality across stores over time, image-based shade matching, and deep real-time synchronization of quiz answers into marketing platforms such as Klaviyo as custom profile properties and flow triggers.

Technology

The platform is built around CORE-1, a proprietary AI engine that combines large language models, computer vision and specialized machine learning models. CORE-1 learns the structure of a merchant's product catalog and interprets quiz answers in context to power Smart Products (real-time product matching), Smart Copy (personalized results-page copy), Smart Properties (AI-generated customer attributes) and Image Analysis for photo-based shade matching. Engineering challenges described by the company include real-time matching across catalogs with more than 100,000 SKUs, sub-100ms inference for live personalization, causal ML for attribution, agentic multi-step reasoning with tool use, and evaluation frameworks for agent reliability. The stack includes TypeScript, React, Next.js, Node.js, Python, PostgreSQL, Redis, OpenAI and Anthropic models, AWS, Docker and Kubernetes. The product connects to more than 50 integrations, including Klaviyo, Shopify, Attentive, Recharge, Zapier, GA4, Postscript, Gorgias and Yotpo, with real-time data sync.

Go-to-market

Self-serve acquisition through the Shopify ecosystem and app store, a 14-day free trial and published pricing, complemented by demo requests and a sales-assisted enterprise motion with dedicated account managers. The company runs an agency and technology partner program and markets through customer case studies and integration partnerships, most prominently with Klaviyo.

Direct-to-consumer ecommerce brands and merchants selling on Shopify, particularly in beauty and cosmetics, skincare, fashion and apparel, supplements, and food and beverage, ranging from small and medium-sized stores to high-volume enterprise merchants.

Geography

Headquartered in the United States and operating as a remote-first company. In 2020 it reported more than 30 staff across 12 countries, and in 2021 described itself as an all-remote company with team members in over 14 countries. Current engineering roles are listed as remote within the US, and the team is described as spread across the US.

History

Octane AI began in 2016 building celebrity-branded Facebook Messenger chatbots for figures including 50 Cent, Cardi B and Maroon 5, before pivoting to ecommerce at the end of 2017 and narrowing its focus to Shopify. In spring 2018, as it prepared to launch in the Shopify app store, Facebook shut down its API following the Cambridge Analytica privacy scandal, blocking new chatbot launches; the company laid off half of its 16-person staff and was nearly out of cash before Facebook reopened the API, after which it raised $250,000 from existing investors plus $500,000 in venture debt. After stabilizing, it raised a $4.25 million round announced in August 2020 alongside the debut of shoppable quizzes, and a $5 million round led by Javelin Venture Partners in July 2021 that brought total funding to $14 million. Subsequent product milestones include Conversational Pop-ups, recognition as Shopify's 2021 Best Storefront App, and the CORE-1 AI engine.

Risks & controversies

The company's history illustrates platform dependency risk: Facebook's 2018 API shutdown after the Cambridge Analytica scandal halted new chatbot launches, forced layoffs of half of a 16-person team and brought the company close to shutting down. Its business is now concentrated on a single commerce platform, Shopify. Press coverage also noted COVID-19 disruption in March and April 2020, with some customers delaying payments or pausing plans. Performance statistics such as revenue influenced, conversion lift and opt-in rates are self-reported by the company.

Compiled by commissioned research from 14 cited public sources β€” announcements, filings, and press listed under research sources below.

Key figures

latest reported
Annual revenue (reported range)Aug 2020$1 million to $2 million
App ratingJan 20264.9 out of 5
Average email opt-in rateJan 202642%
Average order value lift for customersJan 202610-30%
Average quiz start rateJan 202677%
Bambu Earth annual revenue attributed to its Octane AI quizNov 2024$10M
Brands using its tools through ShopifyAug 20201,000 brands
Brands using the platformJan 20263,000 brands
Countries with team membersJul 202114
EmployeesJan 202619 employees
GMV / revenue influencedJan 2026$1B
HeadcountAug 202030 employees
IntegrationsJan 202650 integrations
Jones Road Beauty email leads collected via quizNov 2024800,000 leads
Overage credit priceJan 2026$0.1
Quiz takersJan 2026100,000,000 people

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

Competitors Β· 7

by search overlap
BuzzFeed22 shared keywordsBuzzFeed is a digital media company that produces entertainment, news, and content across pop culture, food, and commerce for online audiences. The company operates multiple brands and platforms including BuzzFeed, HuffPost, and Tasty, with recent expansions into social media and AI-driven content experiences.
ConvertFlow17 shared keywordsConvertFlow is a funnel platform that enables brands to build and run landing pages, popups, quizzes, and forms to capture leads, personalize customer experiences, and drive conversions. The platform serves e-commerce and SaaS businesses seeking to increase engagement, email list growth, and average order value through interactive funnel experimentation.
Campaign Monitor16 shared keywordsCampaign Monitor provides an email marketing platform with tools for building campaigns from templates, designing automated customer journeys, creating websites, and tracking results through analytics dashboards. It also offers AI features for audience segmentation and campaign optimization, serving businesses managing email marketing.
Mailmodo16 shared keywordsMailmodo is a platform that uses AI to help marketers plan, create, and automate email campaigns with interactive elements like forms and polls directly in emails. The service targets email marketers and enables higher engagement and conversion rates through interactive email experiences and AI-powered campaign automation.
Ulta Salon Cosmetics Fragrance15 shared keywordsUlta Beauty is an international specialty beauty retailer offering cosmetics, fragrance, skin care, wellness, hair care products, and salon services from over 600 brands across more than 1,500 locations primarily in the U.S., with additional operations in the U.K., Ireland, Mexico, and the Middle East.
Jotform15 shared keywordsJotform provides an online form builder with integrations that automatically forward new form submissions, file uploads, and payment details to communication tools like Microsoft Teams. It serves teams across industries looking to automate the distribution of submitted form data.
ActiveCampaign15 shared keywordsActiveCampaign is a marketing automation platform whose Active Intelligence AI layer builds campaigns from prompts, suggests audience segments, predicts send times, and generates on-brand content across email, SMS, and WhatsApp. It serves marketers and businesses looking to automate and optimize multi-channel marketing journeys.

Companies competing with Octane AI for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline Β· 16

launches, deals, and filings
Nov 2024
Three new integrations announced

Octane AI announced integrations with Postscript (SMS), Yotpo (email and SMS) and Recart (SMS), adding to existing integrations with Klaviyo, Attentive, Zapier and Shopify subscription apps.

source β†—

Jul 2021
Octane AI raises $5 million led by Javelin Venture Partners

Octane AI announced a $5 million round led by Javelin Venture Partners with participation from existing investors Bullpen Capital, General Catalyst and Boost VC, bringing total funding to $14 million.

$5M source β†—

Jul 2021
Alex Gurevich of Javelin appointed Board Observer; VP Finance & Operations and first VP of Engineering hired

Javelin Managing Director Alex Gurevich joined as Board Observer; a separate Alex Gurevich joined as VP of Finance and Operations, and Vincent Silvey joined as the company's first VP of Engineering.

source β†—

Jul 2021
$5 million funding round led by Javelin Venture Partners

Octane AI announced $5 million in capital led by Javelin Venture Partners with participation from existing investors Bullpen Capital, General Catalyst and Boost VC, bringing total funding to $14 million.

$5M source β†—

Jul 2021
Appointments of VP of Finance and Operations, VP of Engineering and a board observer

Alex Gurevich joined as VP of Finance and Operations and Vincent Silvey as the company's first VP of Engineering; Alex Gurevich, Managing Director at Javelin Venture Partners, was appointed a Board Observer.

source β†—

Jun 2021
Shopify point-of-sale team launches an Octane AI Shop Quiz

Shopify's point-of-sale team used an Octane AI Shop Quiz to help merchants select point-of-sale hardware; Shopify was announced as a customer.

source β†—

Jun 2021
Shopify point-of-sale team deploys an Octane AI Shop Quiz

Shopify's point-of-sale team launched an Octane AI Shop Quiz to help merchants select point-of-sale hardware; Shopify became a customer.

source β†—

Jan 2021
Elected 2021 Best Storefront App by Shopify

source β†—

Jan 2021
Launch of Conversational Pop-up product

source β†—

Jan 2021
Named 2021 Best Storefront App by Shopify

Octane AI was elected the 2021 Best Storefront App by the Shopify team.

source β†—

Aug 2020
Octane AI raises $4.25 million led by Bullpen Capital

Round led by Bullpen Capital with participation from General Catalyst Partners, Boost VC, FJ Labs and others; total raised since 2016 reported at $9 million.

$4.3M source β†—

Aug 2020
Debut of shoppable quizzes

Product allowing shoppers to interact with chatbot-like AI on a brand's website to answer questions and surface relevant products; previously in private beta for two months with companies including DoeLashes and Beauty Bio.

source β†—

Jan 2018
Layoffs and near-shutdown after Facebook API suspension

Facebook shut down its API following the Cambridge Analytica scandal as Octane AI prepared to launch in the Shopify app store; the company laid off half of its 16-person staff and nearly ran out of cash before raising $250,000 from existing investors and $500,000 in venture debt.

source β†—

Jan 2018
Shopify integration

The company integrated with Shopify, a step its co-founder describes as having saved the company.

source β†—

Jan 2017
Pivot from celebrity chatbots to ecommerce

After building Facebook Messenger chatbots for celebrities including 50 Cent, Cardi B and Maroon 5, the company pivoted to ecommerce at the end of 2017 and focused on Shopify.

source β†—

Nov 2016
Public launch of Octane AI

Octane AI publicly launched, initially offering chatbots for celebrities.

source β†—

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

Legal entities Β· 1

corporate structure
Octane AIDelaware

In the news

β–ΈResearch sources Β· 14

primary sources listed

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

Frequently asked questions

What does Octane AI do?
Octane AI is an AI-powered product quiz and zero-party data platform for Shopify merchants.
Who founded Octane AI?
Octane AI was founded by Matthew Schlicht, Leif K-Brooks, Ben Parr, Benjamin Parr in 2016.
Who are Octane AI's investors?
Octane AI's investors include Bullpen Capital, Javelin Venture Partners, MaC Venture Capital, Nelstone Ventures, Boost VC.
How much funding has Octane AI raised?
Octane AI has disclosed $13.1M raised across 3 of its 6 known rounds.
Where is Octane AI headquartered?
Octane AI is headquartered in Irvine, US.