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[Funding alert] CA-based Velou Secures $4Million in seed Funding

CA-based Velou Secures $4Million in seed Funding. Animo Ventures led the funding round, which was revealed in January 2024. Ascend, Sentiero, Revelry, Startup Haven, SK Ventures, and angel investors in the SaaS and retail industries also participated.

CA-based Velou Secures $4Million in seed Funding. Animo Ventures led the funding round, which was revealed in January 2024. Ascend, Sentiero, Revelry, Startup Haven, SK Ventures, and angel investors in the SaaS and retail industries also participated.

The company hopes to use the money for key recruitment, product and relationship development, and other strategic expansion objectives. Velou, led by its founder and CEO, Sadee Gamhewa, offers a platform with industry-specific data models and analytics that helps online companies improve customer connections and automate their product catalogs on a large scale.

Read also – PA-based Formlogic Secures $20Million in Funding

The platform generates product data using AI and machine learning, which facilitates the delivery of business insights and the streamlined execution of duties associated with new releases across many web platforms. It also integrates with leading industry players like SAP, Salesforce, Shopify, and BigCommerce.

These days, the platform acts as an AI copilot, enabling e-commerce companies to quickly get rid of manual procedures, minimize data inaccuracies, and accelerate the launch of new products. Today, the business supplies well-known international luxury labels, big-box retailers, and quickly growing online merchants.

About Velou

Velou is the first AI-powered copilot for brands, retailers, and marketplaces. It automates product catalog optimization, improves product discoverability, and increases sales conversions.

Read also – CA-based Encore Consumer Capital Secures Encore Consumer Capital Fund IV at $258M

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