Qloo Raises $15 Million in Series B  

by Kay Aloha Villamor in August 25th, 2022

Qloo, a New York-based leading artificial intelligence platform for culture and taste preferences, announced that it raised $ 15 million in Series B funding, bringing Qloo’s total capital raised to $30 million.

The investment came from Eldridge and AXA Venture Partners. 

With this funding, Qloo will enable it to expand its team of world-class data scientists, enrich its technology, and build on its sales channels to continue to offer premier insights into global consumer taste for Fortune 500 companies across the globe.

The funding will support Qloo’s mission of decoding and predicting consumer tastes across the globe—while keeping privacy at the forefront.

Company: Qloo, Inc.

Raised: $15.0M

Round: Series B

Funding Month: Aug 2022

Lead Investors: Eldridge and AXA Venture Partners

Additional Investors: 

Company Website: https://qloo.com/

Software Category: Cultural AI 

About the Company: Qloo is a cultural AI company focused on building deep data science about culture and entertainment domains such as music, movies, TV, dining, hospitality, fashion, and more. Qloo provides an artificial intelligence platform on culture and taste preferences, providing completely anonymized and encrypted consumer taste data and recommendations for leading companies in the tech, entertainment, publishing, retail, travel, hospitality, and CPG sectors. Qloo’s proprietary API can predict consumers' preferences and connect how their tastes correlate across over a dozen major categories, including music, film, television, podcasts, dining, nightlife, fashion, consumer products, books, and travel. Launched in 2012, Qloo combines the latest in machine learning, theoretical research in Neuroaesthetics and one of the largest pipelines of detailed taste data to better inform its customers - and makes all of this intelligence available through an API. Qloo 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.

Source: https://www.businesswire.com/news/home/20220823005204/en/Qloo-the-Leading-Artificial-Intelligence-Platform-for-Culture-and-Taste-Preferences-Raises-15M-in-Series-B

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