Shaped.ai, a Brooklyn, New York-based AI recommendation and search platform for marketplaces, e-commerce, and content companies, has raised $8 million in Series A funding.
The company also announced the launch of its new self-serve cloud product.
Investors
The round was led by Madrona Ventures, with participation from Y-Combinator and executives from Clickhouse, DocuSign, Okta, Rippling, and StitchFix.
Founded in Seattle in 1995, Madrona is a venture firm based in Seattle, Washington, specializing in seed, startup, Series A, and early-stage investments in the Pacific Northwest and beyond.
About Shaped.ai
Shaped.ai provides an AI-powered recommendation and search platform for marketplaces, e-commerce, and content companies. The platform integrates advanced AI capabilities, including large language models, to build real-time semantic discovery models for recommendations and searches. Shaped's AI platform empowers businesses to create personalized user experiences that deliver measurable results. By analyzing user behavior and content, Shaped helps tailor recommendations and search for increased engagement, conversions, and customer satisfaction.
Funding Details
Company: Shaped.ai, Inc.
Raised: $8.0M
Round: Series A
Funding Month: July 2024
Lead Investors: Madrona Ventures
Additional Investors: Y-Combinator, Clickhouse, DocuSign, Okta, Rippling, StitchFix
Company Website: https://www.shaped.ai/
Software Category: AI Recommendation and Search
Source: https://www.businesswire.com/news/home/20240717746196/en