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Instacart completed the acquisition of Eversight.

Synopsis

Instacart, a grocery technology company completed the acquisition of Eversight, an AI-powered pricing and promotions platform for CPG brands and retailers. Financial terms were not disclosed. "Giving everyone access to the food they love is core to Instacart's mission, and when it comes to grocery shopping, we know that every dollar matters. With higher inflation and the average cost of groceries up, we're taking even more steps to make food and daily essentials more affordable. By combining Eversight's leading pricing and promotions capabilities with Instacart's world-class teams and technology, we're positioned to deliver even more value to our brand and retail partners, while also creating more opportunities for customers to maximize their savings both in-store and online," Fidji Simo, Instacart CEO.

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