Shaped.ai Secures $8M in Series A to Enhance AI Recommendation and Search Platform
Shaped.ai is at the forefront of developing AI solutions that transform how companies interact with and understand their customers.
Company Name: Shaped.ai
Location: New York City, NY, USA
Sector: Technology, Artificial Intelligence
Funding Details: 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. Madrona Managing Director Karan Mehandru will join the board of directors as part of the financing.
Purpose of Investment: To expand operations and enhance development efforts.
Leadership: Led by CEO Tullie Murrell.
Product: Shaped.ai provides an AI-driven platform designed to create personalized user experiences for marketplaces, e-commerce sites, and content companies. The platform analyzes user behavior and content to improve recommendations and search functionality, aiming to increase user engagement, conversion rates, and customer satisfaction. Shaped.ai combines advanced AI technologies with a focus on actionable insights to enable businesses to optimize user journeys and outcomes.
Use Cases: The platform is used by diverse companies like Outdoorsy, which utilizes Shaped.ai to enhance the relevance of search results in outdoor travel by incorporating real-time session information and personalization techniques. Trela, a Brazilian grocery delivery app, uses Shaped.ai to optimize product discovery within their marketplace.
About Company: Shaped.ai is at the forefront of developing AI solutions that transform how companies interact with and understand their customers. With this latest funding, the company is set to further its technology and market presence, ensuring businesses can leverage cutting-edge AI to deliver more tailored and effective user experiences.