TechCrunch has learned that a Boston-based startup called Immediate will be creating a new e-store business model that would leverage the massive market power of Amazon’s cloud platform and a $3 billion funding round.
Immediate’s chief product officer, James DeSantis, told TechCrunch that the company would use its own technology, but would leverage Amazon’s e-marketing platform.
Immediate’s plan is to start up in a few years, he said, with a goal of being profitable in a year.
It would offer products, like video rental and online gaming, as well as services, like a web hosting service.
DeSantsons vision is to be able to compete on price and scale, and to provide a product experience similar to Amazon’s Prime membership, which he said would allow for an “unbeatably high” level of customer satisfaction.
Immediately’s CEO, Brian O’Leary, said in a statement that the project is a “big step for us.”
O’Learys goal is to create a product that “can bring millions of new customers to Immediate,” and to do so, he will be focused on building a customer experience that is “unrivaled” in the marketplace, O’ Learys said.
O’Learys company is based in Austin, Texas, and has raised $5 million in Series A funding led by Google Ventures.
Its current valuation is $11 million.
O’Leary told Tech Crunch that Immediate is looking for a partner to help it build its product.
“We’re looking for partners that can help us to make this happen,” he said.
The company currently has a product called Imminent that is in beta and is available to purchase.
Imminent is a new cloud platform that would help Immediate build its own product.
Imminent is an e-retailer, which O’ Learys said is something that he believes is “a key difference” between the Amazon and Amazon Prime services.
“It’s an opportunity for us to do that right from the beginning and really be able take advantage of this amazing platform,” O’ learys told Tech.
“That’s the only thing that makes us different from Amazon.”
Amazon currently offers an extensive selection of e-products, but it is also subject to a range of restrictions.
Immediately’s product is meant to compete directly with Amazon Prime, with the promise that it will offer customers access to all of the features that Amazon offers, including access to free shipping and unlimited storage.
Immineral is looking to compete with Amazon by offering its own offering, including Prime membership and Amazon-like benefits, while also offering a suite of services.
The plan also calls for a product offering that is similar to that offered by Amazon Prime.
Immerals product is based on a new type of platform that will let Immediate “offer a whole new level of innovation” and create a new “level of customer value for our customers,” O Learies said.
Immerals service is similar in some ways to Amazon Prime’s.
Amazon’s products offer unlimited storage and unlimited free shipping, while Immediate wants to offer products like a video rental service, a web host service, and a web analytics service.
Immedials plans also include “unlimited” storage for Immediate customers, so they can keep all of their content and applications for as long as they like.
Immedials platform, which will launch in the coming months, is built on the same technology used in Amazon Prime and Amazon’s other Prime services, O Lears said.
He said Immediate would use Amazon’s Cloud Platform to run its own e-stores and services, while Amazon would use Immediate Cloud to host its own content.
Immedals Cloud Platform is an open source technology that allows Immediate to build a “completely new cloud-level e-business model,” O Learys explained.
“Amazon is built for Amazon Cloud, and Immediate doesn’t need to be.”
Immediate said it plans to use Immedias platform to develop its own products.
“The idea is that Immediates is going to build its first product on top of the Amazon cloud, but we’re going to leverage Immediate.
This is the next big step for our company, and we’re really excited about it,” O Leys said in an email.
O Learys company will begin using Immediate for the first time in the fall, when it will launch ImmediateCloud, a cloud service that it plans will give Immediate access to Amazon Cloud.
O Learies Cloud Platform will then become the platform for Immediays product, which is built with Immediate and is designed to help Immediately “create a new level a customer value,” OLears said in the email.
Immanent Cloud, he explained, will allow Immediate users to access the entire Amazon catalog of products, while the Immediate platform will allow