Velou, a San Francisco, CA-based AI-powered product data enrichment and search automation platform, raised $4M in sed funding.
The round, announced in January 2024, was led by Animo Ventures, with participation from Ascend, Sentiero, Revelry, Startup Haven, SK Ventures, and angel investors in SaaS and retail.
The compny intends to usew the funds for strategic expansion plans, including product and partnership development and key hires.
Led by Sadee Gamhewa, Founder and CEO, Velou provides a platform that offers industry-specific data models and analytics, enabling online businesses to extend product catalog automation and elevate customer relationships at scale. By leveraging AI and machine learning for product data generation, the platform delivers business insights and streamlines tasks related to product launches across various online platforms, including integration with industry leaders such as SAP, Salesforce, Shopify, and BigCommerce. Today, the platform serves as an AI copilot, empowering ecommerce businesses to eliminate manual processes swiftly, reduce data errors, and expedite the product launch process.
The company now serves renowned global luxury brands, large department stores, and rapidly expanding ecommerce retailers.
FinSMEs
11/03/2024