Shaped.ai raises $8 million in Series A funding

Shaped.aia New York-based provider of an AI recommendation and search platform for marketplaces, e-commerce and content companies, has raised $8 million in its Series A funding round.

The round was led by Madrona Ventures, with participation from Y-Combinator and executives and founders from Clickhouse, DocuSign, Okta, Rippling and StitchFix. As part of the funding, Madrona CEO Karan Mehandru will join the board.

The company intends to use the funds to expand its business and development efforts.

Led by CEO Tullie Murrell, Shaped provides an AI platform that enables companies to create personalized user experiences that deliver measurable results. By analyzing user behavior and content, it powers recommendations and the search for increased engagement, conversions, and customer satisfaction. By combining AI with a focus on actionable insights, Shaped gives companies the tools to create user experiences that increase conversion rates and customer satisfaction.

Outdoorsy, an outdoor travel marketplace, uses Shaped to improve the relevance of its search results with real-time session insights and personalization. Trela, a food delivery app provider in Brazil, uses Shaped to optimize product discoverability on its marketplace.

FinSMEs

17.07.2024