Seed · Ecommerce
Loops AI raises $3.5 million seed for commerce platform
Funding supports product development, deployments and international expansion.
Loops AI announced a $3.5 million seed round on October 12, with backing from a16z Speedrun, NTT DOCOMO Ventures, Connecticut Innovations, Alumni Ventures and Monday Capital.
The capital will support product development, customer deployment capacity and international expansion. Its platform combines product-data enrichment, AI search, shopping assistance and virtual try-on for retailers.
NTT DOCOMO Ventures subsequently confirmed its investment in Loop Smart AI Inc., the US-based company behind Loops AI.
Use of funds
Develop commerce AI platform
Expand customer deployment capacity
Grow internationally
Funding history
Seed · This round$3.5M