Loops.ai, a Tel Aviv, Israel-based provider of a product growth platform, raised $14M in Seed funding.
The round was led by Scale Venture Partners with participation from Cardumen Capital, Brian Balfour, Lenny Rachitsky, Casey Winters, Darius Contractor and Ben Shanken.
The company intends to use the funds to continue refining its proprietary insights engine and scaling its team.
Led by CEO Tom Laufer, Loops is an analytics tool that helps product and data teams find impactful growth opportunities hidden across product data. The no-code solution plugs into data sources and automatically runs thousands of proprietary analyses and ML models that examine millions of data points to reveal exactly what product and growth teams need to know. Applying ML models to examine the root of particular outcomes, Loops maps cause and effect directly to the company’s KPIs. It identifies and prioritizes the most impactful opportunities and pushes recommended actions to teams, eliminating guesswork about the steps they should take moving forward. Loops also measures the impact of actions and refines its recommendations over time so that teams consistently build better and more profitable products. The product is used by companies such as Monday, Replit and Taboola, among others.
FinSMEs
15/11/2022