Qloo, a NYC-based cultural AI company, raised $25M in Series C funding.
The round was led by AI Ventures, with participation from AXA Venture Partners, Eldridge, and Moderne Ventures.
The company intends to use the funds to broaden access to AI, preparing to introduce an accessible, self-service interface later this year to make consumer and taste analytics available to small and mid-sized enterprises and individuals.
Led by Alex Elias, Founder and CEO, Qloo is a provider of an AI platform on culture and taste preferences, providing anonymized consumer taste data and recommendations for companies in the tech, entertainment, publishing, retail, travel, hospitality and CPG sectors. Its proprietary API predicts consumers’ preferences and tastes across over a dozen major categories, including music, film, television, podcasts, dining, nightlife, fashion, consumer products, books, and travel. Qloo combines the latest in machine learning, theoretical research in Neuroaesthetics, and a large pipeline of detailed taste data — and makes all of this intelligence available through an API.
The company helps its clients solve real-world problems such as driving sales, saving money on media buys, choosing real estate locations, and building brands. It is the parent company of TasteDive, a cultural recommendation engine and social community that allows users to discover what to watch, read, listen to, and play based on their existing unique preferences.
FinSMEs
21/02/2024