Velou Secures $4M Seed Funding to Advance AI-Powered Ecommerce Solutions
Velou is revolutionizing the ecommerce sector by addressing the challenges of product data management and search automation
Company Name: Velou
Location: San Francisco, CA
Sector: AI-Powered Product Data Enrichment and Search Automation
Funding Details: Raised $4M in seed funding in January 2024, led by Animo Ventures, with contributions from Ascend, Sentiero, Revelry, Startup Haven, SK Ventures, and notable angel investors from SaaS and retail sectors.
Purpose of Investment: To fuel strategic expansion efforts, including the enhancement of products and partnerships, and to facilitate key hires across the company.
Leadership: Founded by Sadee Gamhewa, who serves as the CEO
Product: Velou is a groundbreaking platform designed to automate and enrich product data for online businesses. It uses AI and machine learning to provide industry-specific data models and analytics, facilitating seamless product launches and catalog management. The platform's capabilities include AI-driven product data generation, delivering valuable business insights, and integrating with major online platforms such as SAP, Salesforce, Shopify, and BigCommerce.
About Company: Velou is revolutionizing the ecommerce sector by addressing the challenges of product data management and search automation. The platform significantly reduces manual effort, minimizes data inaccuracies, and accelerates product launch timelines. Serving an impressive roster of global luxury brands, large department stores, and growing online retailers, Velou is positioned as an indispensable AI copilot in the ecommerce industry.