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