Albatross, a Baar, Switzerland-based AI startup that enhances real-time user experiences through AI-driven personalization, has raised €3 million in funding.
Investors
The round was led by redalpine, with participation from Daphni.
Founded in 2006, redalpine is a Swiss venture capital firm that supports ambitious entrepreneurs by combining financial investment, operational expertise, and a broad international network. With over €1 billion in assets under management, the firm boasts a portfolio of over 95 companies and operates from offices in Zurich and Berlin.
Albatross Use of Funds
The company will use the funding to accelerate the development of its product and platform.
About Albatross
Founded by Dr. Kevin Kahn, Dr. Matteo Ruffini, and Johan Boissard, Albatross focuses on enhancing user engagement in e-commerce, media, and online marketplaces through advanced AI-driven personalization. The company leverages AI to create dynamic user journeys that adapt in real-time to individual interactions, offering tailored product recommendations. The platform employs deep learning, multi-armed bandits (MABs), and reinforcement learning to optimize user experiences automatically. Albatross is headquartered in Baar, Switzerland, with an office in Berlin.
Funding Details
Company: Albatross AI AG
Raised: €3.0M
Round: Pre-Seed
Funding Date: October 2024
Lead Investor: redalpine
Additional Investor: Daphni
Company Website: https://usealbatross.ai/
Software Category: User Engagement
Source: https://www.eu-startups.com/2024/10/swiss-startup-albatross-bags-e3-million-to-transform-user-engagement-with-ai-driven-personalization/