Spangle, a San Francisco, CA-based provider of an AI-powered commerce platform for retailers, raised $6M in Seed funding.
The round was led by Madrona Ventures and Streamlined Ventures.
The company intends to use the funds to expand operations and its development efforts.
Led by CEO Maju Kuruvilla, Spangle enables retail brands to capture more revenue from paid traffic, with agents that autonomously solve complex tasks driving higher conversion, revenue, and ROAS for merchants at scale. Its AI agents autonomously tackle complex challenges at scale, delivering experiences that enhance revenue, boost conversion rates, and optimize efficiency.
Its proprietary ProductGPT provides a large product model that decodes context, consumer interactions, and merchant data.
Commenting on the news, Maju Kuruvilla said: “Personalization across retail has failed to live up to its promise due to its reliance on sparse, expensive, and backward looking customer data. No single merchant has enough customer data to make accurate predictions, and customers want more than repeat purchases. Inspired by social media platforms, customers are seeking relevance and variety, and we’re delivering on these changing expectations with a next-generation native AI e-commerce platform.”
FinSMEs
18/03/2025