Qloo, a cultural AI platform, has announces a $25M Series C funding round, led by AI Ventures and supported by AXA Venture Partners, Eldridge, and Moderne Ventures.
The investment round tells Qloo's impact in refining AI-driven consumer insights across diverse industries.
Qloo's AI insights engine analyzes vast amounts of behavioral data from consumers worldwide, covering over half a billion attributes related to consumer brands, entertainment, and various lifestyle sectors.
This engine can discover trillions of connections, helping brands like Netflix, Michelin, and Samsung customize their products and services to meet customer preferences, all done with a strong commitment to privacy.
Alex Elias, Founder and CEO of Qloo, pointed out the company's ten-year journey in combining cultural insights with advanced AI.
"Qloo has consistently been at the forefront of integrating cultural knowledge with high-tech AI to offer reliable insights into consumer tastes and global patterns," Elias mentioned.
With this, its focus on secure, actionable insights is especially critical in industries seeking accurate, privacy-conscious AI applications.
The recent capital infusion will accelerate Qloo's mission to democratize AI technology, with plans to launch an accessible, self-service platform.
This platform is set to offer advanced analytics on customer interests to a wider range of users, from small businesses to individuals, showcasing an important development in the use of AI for consumer insights.
"Qloo has been a pioneer in harnessing the power of AI to help companies and brands understand and predict consumer tastes," noted Liza Benson, Partner at Moderne Ventures.
Her enthusiasm for Qloo's expansion reflects the broad industry consensus on the transformative potential of AI in consumer insight.
Conclusion
The Series C funding for Qloo supports its ongoing work in cultural AI and opens opportunities for its technologies to be applied in various industries.
Qloo offers insights into consumer preferences without compromising privacy, aiming to change the way companies interact with their customers.
This approach seeks to make AI-based predictions on preferences more widely available. Emphasizing privacy and wider access to AI technology, Qloo continues its efforts to enhance the analysis of consumer tastes.
