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Coveo Solutions Inc
Symbol CVO
Shares Issued 51,501,175
Close 2023-10-16 C$ 11.68
Market Cap C$ 601,533,724
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Coveo Solutions adds 15+ features to platform

2023-10-17 13:29 ET - News Release

Mr. Laurent Simoneau reports

COVEO ANNOUNCES NEW AI AND GENERATIVE ANSWERING CAPABILITIES TO POWER INDIVIDUALIZED, TRUSTED, AND CONNECTED EXPERIENCES WITHIN EACH CX AND EX INTERACTION

Coveo Solutions Inc. has added more than 15 new enhancements to the Coveo platform. These innovative enhancements strengthen the Coveo composable artificial intelligence search and generative experience platform to improve digital experiences across commerce, service, website and workplace to deliver superior business outcomes for enterprises.

"After a decade of enriching our platform to serve forward-thinking global enterprises, we know what it takes to gain a trusted AI-experience advantage," said Laurent Simoneau, president, chief technology officer and co-founder of Coveo. "Through our integrated SaaS [software-as-a-service] platform and comprehensive suite of powerful AI and GenAI models, customers are effectively getting a subscription to ongoing innovation. We are constantly innovating to power individualized, trusted and connected experiences that delight customers and employees while driving superior business outcomes."

15 innovations to the Coveo platform for commerce, service, website and Workplace use cases, across four different categories

Cutting-edge AI and GenAI models help enterprises deliver the digital experience that customers and employees expect while improving business outcomes

Relevance Generative Answering: Implement secure, enterprise-ready generative answering across your organization today. Generate answers to complex customer and employee queries with this breakthrough capability that respects content permissions, ensures answer freshness and limits hallucinations across commerce, service, workplace and website use cases.

Cold start product vectors: Improve your overall personalization capabilities while helping shoppers discover more products easily. Solve for the cold start problem by generating product vectors for new and longtail products.

Query suggestions automatic fallback: Increase the chance of visitors avoiding the dreaded zero results page and converting with this new model which automatically displays the last successful set of suggestions.

Extend the value of your platforms and achieve interoperability with connectors and integrations

GraphQL connector: Achieve seamless site connectivity with this connector offering a more precise way to request and index information while providing support for headless CMS (content management system) frameworks including Sitecore, Adobe and more.

Website connector: Enhance findability on your sites with Coveo's improved Web connector which includes added features such as crawling rules, Web scraping capabilities and authentication support in a no-code/low-code manner.

Coveo cartridge for Salesforce business-to-consumer commerce: Supercharge your Salesforce B2C commerce storefronts with improved search and AI-powered recommendations. The Coveo cartridge brings AI search, dynamic faceting, optimized listing pages and relevant recommendations to Salesforce B2C commerce storefronts. Can be used for both Commerce Cloud storefront reference architecture (SFRA) and the new Composable Storefront.

Coveo for Salesforce updates: Maximize your Salesforce investment with new features built on top of a modern user interface (UI) framework, Coveo Quantic, including: Smart Snippets AI model and feature result tag, among others.

Empower business users to build dynamic search, commerce and agent experiences while leveraging modern UI frameworks

Next-generation search page builder: Build dynamic, cohesive and intelligent search pages, quickly and easily with no-code. User-friendly interface allows the creation of a new page in just a few clicks.

Next-generation in-product experience (IPX) updates: Deploy AI search and generative answering across your SaaS-based applications and websites swiftly with IPX. Updates include support for secured search, user context, Quickview and the ability to leverage Coveo's new Relevance Generative Answering model.

Multiproduct badging: Increase conversions and revenue per visitor by easily deploying badging strategies across your site -- from product listings and search results to your basket pages.

Hosted insight panel (HIP) enhancements: Keep agents informed in the flow of their work while AI search and recommendations augment their ability to serve customers with new features including: support for Smart Snippets, viewed by customer tag and more.

Self-service insight dashboards: Easily report on and show the value and return on investment of deployed commerce capabilities with direct access to normalized data.

Reduce time-to-value with full-stack capabilities that help developers build and QA search experiences

Atomic UI updates: Easily discover, create, share, install and reuse custom Coveo Atomic components. Developers can also upload custom Atomic-hosted search pages to the Coveo Admin Console for quick publishing.

Facet generator: Surface meaningful results to visitors faster. Automatically generate the most relevant search facets based on a user's query and based on your indexed content -- even with zero traffic.

Relevance inspector: Help developers and site administrators easily troubleshoot search queries and improve the overall relevance of search results. Inspect query pipelines, rules, ranking score and more. Available for all search interfaces and implementations (that is, Atomic, Headless and JSUI).

New data health overview dashboard: Ensure your implementation captures suitable data to power AI and GenAI models via the new overview dashboard that provides aggregate and detailed views of events that have failed validation and helps developers identify, prioritize and correct event analytics integration problems.

Operate confidently with enterprise-grade security and resiliency

Officially ISO 27001 certified: Protect and manage sensitive information, including employee and customer data, financial information, and information entrusted by third parties, with Coveo's ISO 27001 certification.

Active-Active and five nines premium: Experience improved traffic performance and guaranteed uptime for United States-based customers with the Active-Active redundancy query path. Additionally, customers desiring 99.999-per-cent uptime or five nines can purchase now additional resiliency.

Want to dig deeper into the AI-experience advantage with the latest innovations from Coveo? Join the new in Coveo session that is right for you. Only one hour to get more information on all Coveo's new features:

  • Website session on Oct. 18, 2023, 12 p.m. ET;
  • E-commerce session on Oct. 19, 2023, 11 a.m. ET;
  • Service session on Oct. 24, 2023, 11 a.m. ET;
  • Workplace session on Oct. 25, 2023, 11 a.m. ET.

About Coveo Solutions Inc.

Coveo powers the digital experiences of the world's most innovative brands serving millions of people and billions of interactions across every digital experience. After a decade of enriching its market-leading platform with forward-thinking global enterprises, Coveo knows what it takes to gain a trusted AI-experience advantage.

We seek Safe Harbor.

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