Qloo

Qloo

AI-driven consumer preference prediction platform

About Qloo

Simplify's Rating
Why Qloo is rated
B+
Rated C on Competitive Edge
Rated A on Growth Potential
Rated A on Rating Differentiation

Industries

Data & Analytics

Consumer Software

AI & Machine Learning

Company Size

51-200

Company Stage

Growth Equity (Venture Capital)

Total Funding

$72M

Headquarters

New York City, New York

Founded

2012

Overview

Qloo offers a "Cultural AI" that predicts global consumer preferences and provides contextualized personalization and insights based on a deep understanding of consumer behavior and over 575 million cultural entities. Their privacy-first API and cutting-edge machine learning processes empower companies to uncover connections behind people’s taste in various cultural domains such as music, film, fashion, and dining.

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Funded Recently
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Simplify's Take

What believers are saying

  • Qloo secured $20M investment from Bluestone Equity Partners in 2024.
  • The company is expanding its AI-driven recommendation API across industry leaders.
  • Growing demand for AI personalization in retail enhances Qloo's market potential.

What critics are saying

  • Increased competition from emerging AI personalization startups threatens Qloo's market share.
  • Consumer demand for data privacy could impact Qloo's data collection methods.
  • Rapid AI evolution may strain Qloo's resources and operational efficiency.

What makes Qloo unique

  • Qloo's Taste AI predicts preferences across over a dozen major categories.
  • The company offers privacy-conscious consumer intelligence without collecting personal data.
  • Qloo's partnership with Special Olympics showcases its mission-driven approach.

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Funding

Total Funding

$72M

Below

Industry Average

Funded Over

5 Rounds

Growth Equity VC funding comparison data is currently unavailable. We're working to provide this information soon!
Growth Equity VC Funding Comparison
Coming Soon

Benefits

Health Insurance

401(k) Company Match

Unlimited Paid Time Off

Paid Sick Leave

Paid Holidays

Parental Leave

Professional Development Budget

Company Equity

Hybrid Work Options

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

-1%

2 year growth

12%
Forbes
Nov 20th, 2024
How Special Olympics And Qloo Are Using Ai To Amplify Awareness And Advance 'Impact' Everywhere

Qloo and Special Olympics are partnering on making donor ID more accessible. Google ImagesIn a press release issued on Wednesday, AI data company Qloo announced a partnership with Special Olympics meant to “enhance the non-profit organization’s fundraising efforts.” The work will see Qloo’s so-called “consumer intelligence engine” enriching Special Olympics’ database of individual donors, introducing “new high-propensity donors.” Qloo says the work with Special Olympics aligns with its own mission of “[advancing] the impact of mission-driven organizations.”In an interview ahead of the announcement, Qloo CEO Alex Elias candidly explained Special Olympics’ mission “hits close to home for me” as his older brother is autistic. He described watching his brother, who’s nonverbal, participate in a plethora of activities, which Elias said “means a lot.” As such, Elias added “the opportunity to make an impact in a space is something that for us [at Qloo] as an organization, and for me personally, it’s definitely very meaningful.” For her part, Special Olympics’ senior vice president of development Shira Mitchell told me she’s been with the organization 13 years and explained her purview includes the oversight of all Special Olympics’ global fundraising efforts.When asked about the partnership, Mitchell told me its primary goal is to “gain different insights on our donor base and see how [those] can be used to connect with them better [and] to understand our donors better in fundraising.” Qloo’s technology is supposed to help Elias and Mitchell do that. She caveated the idea is still “fairly new,” so it’ll take time to put the technology through its proverbial paces to see if it works. Elias said there are “different contexts” where Qloo’s technology is useful, saying it shows various metrics associated with things like a live events marketplace and entertainment and travel platforms. For Special Olympics, he said “our excitement is to help activate the donor base and help connect and marry people’s messages and the inventory of opportunities to engage with [us] that would be most relevant on an individual level.” Elias said the best part about Qloo is its privacy-conscious mindset, saying Special Olympics can uncover a treasure trove of data and learn from it without vacuuming hoards of personal data.“The ultimate goal is help the Special Olympics maximize their efficiency in regards to donor outreach and the impact they have with the key metrics around donor engagement, fundraising, and so on,” Elias said.Elias went on to say the reason Qloo and Special Olympics got together is because “there was alignment in terms of the goals and the types of integrations Qloo has been working on.” Qloo has numerous integrations that tie into donor activation, with Elias saying the company has worked with major sports leagues and teams, as well as media and financial companies on things like loyalty programs

CityBiz
Sep 5th, 2024
Qloo Hires Former Google Executive Jim Jansen as Chief Revenue Officer

Qloo, the leading AI for predicting global consumer tastes and preferences, has hired seasoned technology executive Jim Jansen as Chief Revenue Officer.

PitchBook
Jul 5th, 2024
Global PE deals for July 3, 2024 | PitchBook

Nasdaq-listed Everbridge, which helps businesses coordinate emergency responses, was acquired by Thoma Bravo for about $1.8 billion. Germany's F24, a developer of crisis management software for...

Baseline Magazine
Jul 4th, 2024
DiCaprio's AI firm Qloo secures $20M investment

Explore how Leonardo DiCaprio's AI company, Qloo, has garnered a $20M investment, fostering advancements in artificial intelligence.

Fortune
Jul 2nd, 2024
Exclusive: Leonardo DiCaprio-backed AI startup Qloo clinches $20 million investment from Bluestone Equity Partners

Bluestone Equity Partners has invested $20 million in Qloo, the cultural AI company backed by Leonardo DiCaprio and Elton John.

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