DataMilk, a US-based artificial intelligence (AI) tool which autonomously optimizes E-Commerce websites to improve the customer experience and drive increased sales, has raised $1.7 Million in seed funding.
Big bets, RTP Global, and Angel Invest led the round, which also included Matthew Freud and the founders of the digital commerce platform VTEX.
The company intends to use the funds to expand its product offering across the globe as it takes on more employees to drive forward product development.
Round: Seed Round
Funding Month: August 2021
Lead Investors: big_bets, RTP Global, and Angel Invest
Additional Investors: Matthew Freud and the founders of digital commerce platform VTEX
Company Website: https://www.datamilk.ai/
Software Category: E-commerce>AI
About the Company: DataMilk uses AI to provide an accurate measurement of an E-Commerce store's design efficacy. Its proprietary AI algorithm finds variations in a store's UI and automatically launches the most engaging one to generate increased sales. DataMilk was founded by Peter Szalontay.