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[SITUATION] · [QUIET] · [BUSINESS]

2 clusters · 6 sources · 4 days · First seen · Last updated

Loops AI seed funding and expansion

Overview

Loops AI, an e-commerce artificial intelligence startup, has secured $3.5 million in a seed funding round to develop a unified platform for online retailers. The investment was led by a16z Speedrun, with participation from NTT DOCOMO, Connecticut Innovations, Monday Capital, Alumni Ventures, and angel investors from companies including Google and Netflix.

The company aims to replace traditional keyword and filter-based searches with natural language processing to create a more seamless customer journey. Having already tested its technology with Turkish brands such as Mavi, A101 Ekstra, and Boyner, the startup intends to use the capital to scale product development, increase engineering capacity, and pursue international expansion, specifically targeting Japan as its first global market.

Entities

NTT Docomo · a16z Speedrun · İlker Selim Zorluoğlu · Loops AI · Andreessen Horowitz

Timeline

  1. [BUSINESS] 3 sources
    Loops AI secures $3.5 million to expand AI e-commerce technology

    Turkish AI startup Loops AI has raised $3.5 million from international investors, including a16z Speedrun and NTT DOCOMO, to expand its natural language e-commerce technology into Japan.

  2. [BUSINESS] 3 sources
    Loops raises $3.5M in seed funding to unify e-commerce AI

    E-commerce AI startup Loops raised $3.5 million in seed funding led by a16z speedrun to create a unified AI platform for retailers, aiming to replace fragmented shopping tools with a seamless customer journey.

Sources

aksiyon.com.tr · ekonomist.com.tr · m.haberturk.com · siliconangle.com · theNEXTweb.com · warehousinglogisticsinternational.com