Shaped.ai, a NYC-based provider of an AI recommendation and search platform for marketplaces, e-commerce, and content companies, raised $8M in Series a funding.
The round was led by Madrona Ventures with participation from Y-Combinator and executives and founders from Clickhouse, DocuSign, Okta, Rippling, and StitchFix. As part of the financing, Madrona Managing Director Karan Mehandru will join the board of directors.
The company intends to use the funds to expand operations and its development efforts.
Led by CEO Tullie Murrell, Shaped offers an AI platform that empowers businesses to create personalized user experiences that deliver measurable results. By analyzing user behavior and content, it helps recommendations and search for increased engagement, conversions, and customer satisfaction. By combining AI with a focus on actionable insights, Shaped gives businesses the tools to deliver user journeys that boost conversion rates and customer satisfaction.
Outdoorsy, a marketplace in outdoor travel, uses Shaped to improve the relevance of their search results, with real-time session information and personalization. Trela, a provider of a grocery delivery app in Brazil, leverages Shaped to optimize product discovery within their marketplace.
FinSMEs
17/07/2024