Qloo Secures $20 Million in Funding

by Kay Aloha Villamor in July 9th, 2024

Qloo, a New York-based cultural AI company, has secured $20 million in funding, bringing its total funding to $77 million. 


The investment was from Bluestone Equity Partners, a growth equity firm that specializes in blue-chip investment and strategic partnerships with sports, media, and entertainment businesses. 

Qloo Use of Funds 

The company will use the funding to support the release of a self-service interface and expansion into sports and live events. 

About Qloo 

Founded in 2012, Qloo provides an AI-based cultural platform to predict consumer taste data and recommendations for companies in various 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 leverages over 575 million data points and 10 trillion consumer signals to predict global consumer behavior. Qloo's customer base includes Netflix, Starbucks, Universal Music Group, and Michelin. 

Funding Details                 

Company: Qloo  

Raised: $20.0M               

Round: Unknown  

Funding Month: July 2024                 

Lead Investors: Bluestone Equity Partners   

Additional Investors:   

Company Website: https://qloo.com/   

Software Category: Cultural AI  

Source: https://fortune.com/2024/07/02/leonardo-dicaprio-qloo-elton-john-netflix-starbucks-ticketmaster-a-i-bobby-sharma-nba/ 

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