Qloo Raises $25 Million in Series C

by Kay Aloha Villamor in February 22nd, 2024

Qloo, a New York-based cultural AI company, has raised $25 million in Series C funding.   

SaaS Investors  

The round was led by AI Ventures, with participation from AXA Venture Partners, Eldridge, and Moderne Ventures.  

AI Ventures is a venture capital firm dedicated to funding companies that are addressing major markets with fundamentally AI-driven solutions. The firm invests in "early-growth" stage companies that have reached major R&D hurdles and are at the frontier of commercializing their AI.  

Qloo Use of Funds  

The company will use the funding to fuel its growth and to expand its AI insights engine. This funding will help Qloo introduce a self-service interface for broader access to its analytics, emphasizing privacy and the democratization of AI technology.  

About Qloo  

Founded in 2012 by Alex Elias and Jay Alge, Qloo is an AI-driven platform specializing in anonymized consumer taste data and recommendations across various sectors like tech, entertainment, and retail. It uses advanced machine learning and neuroaesthetics to predict preferences in over a dozen categories, including music, TV, and fashion, via a proprietary API. Qloo offers privacy-friendly AI models analyzing vast consumer behavior data, aiding brands like Netflix, Michelin, Samsung, and JCDecaux, in understanding consumer preferences. Additionally, Qloo owns TasteDive, a platform for personalized cultural recommendations.  

Funding Details         

Company: Qloo, Inc.  

Raised: $25.0M    

Round: Series C  

Funding Month: February 2024    

Lead Investors: AI Ventures   

Additional Investors: AXA Venture Partners, Eldridge, and Moderne Ventures  

Company Website: https://qloo.com/    

Software Category: Cultural AI  

Source: https://www.prnewswire.com/news-releases/qloo-secures-25m-in-series-c-funding-expanding-the-footprint-of-taste-ai-across-industry-leaders-from-netflix-to-michelin-302065139.html  

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