Qloo’s $25M Series C Funding Propels Taste AI Innovation

Cultural AI expert, Qloo, has successfully secured $25 million in Series C funding. Led by AI Ventures and featuring participation from prominent entities like AXA Venture Partners, Eldridge, and Moderne Ventures, this funding marks a significant milestone in Qloo’s journey as a pioneer in the evolving AI ecosystem.

Qloo’s forte lies in its sophisticated AI-powered insights engine, harnessing highly accurate behavioral data from consumers worldwide. With over half a billion attributes covering diverse categories such as consumer brands, music, film, TV, podcasts, dining, and travel, Qloo’s proprietary AI models identify trillions of connections between these entities. Notably, major brands like Netflix, Michelin, Samsung, and JCDecaux benefit from Qloo’s capabilities, gaining profound insights into customer tastes and preferences.

Crucially, Qloo navigates this landscape without compromising privacy, utilizing advancements that are increasingly pertinent in sectors like financial services, media and publishing, technology, and automotive. The demand for truthful and privacy-compliant AI solutions is soaring, and Qloo is at the forefront of delivering precisely that.

Alex Elias, Founder and CEO of Qloo, emphasizes the company’s commitment to merging cultural knowledge with advanced AI. “For over a decade, we have been committed to refining our cultural data science, and we are now entering an exhilarating phase of expansion, fueled by the growing importance of privacy and the democratization of AI technology,” says Elias.

The Series C funding positions Qloo to democratize AI further, introducing an accessible, self-service interface later this year. This move aims to make consumer and taste analytics available to small and mid-sized enterprises and individuals. Qloo’s ability to make accurate taste predictions, even with limited data, signifies a transformative shift in how AI comprehends our world and anticipates consumer preferences.

Liza Benson, Partner at Moderne Ventures, expresses enthusiasm about Qloo’s expansion into industries such as real estate, finance, and insurance. “It’s an exciting phase of growth, and we’re proud to be part of Qloo’s journey,” says Benson.

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