Internship

Machine Learning Intern

Posted on 4/7/2025

ibotta

ibotta

501-1,000 employees

Shopping rewards app for consumers and brands

Compensation Overview

$35.77/hr

No H1B Sponsorship

Denver, CO, USA

Candidates must live in the United States. This position requires 3 days in-office per week (Tuesday, Wednesday, Thursday).

Category
Applied Machine Learning
Deep Learning
AI & Machine Learning
Required Skills
Python
Tensorflow
Pytorch
SQL
Machine Learning
Data Analysis
Reinforcement Learning
Requirements
  • Juniors working towards a bachelor’s degree with a focus in Computer Science, Engineering, Data Analytics or a related field
  • Good understanding of the key concepts of Recommender Systems and Machine Learning
  • Proven expertise with data handling, processing, statistical and analytical skills
  • Python experience is required, as well as experience with either Tensorflow or PyTorch
  • Experience with SQL required
  • Good understanding of A/B testing and control group concepts
Responsibilities
  • Work with the mentor on understanding our models, users and clients
  • Build, train, and validate deep learning, recommender, and reinforcement learning
  • Run statistical analysis and create predictive models based on past user purchases and behavior
  • Develop recommender systems and machine learning algorithms for user targeting and personalization
  • Build well tested, maintainable, and extendable code
  • Report and understand system performance in detail, and identify ideas for improvement
Desired Qualifications
  • Proven ability to think creatively and implement ideas from start to finish
  • Good written and verbal communication skills
  • Hunger to learn and collaborate with your teammates
  • Spark/PySpark experience is an additional plus
  • Ability to develop and maintain ML models, in addition to being able to visualize, analyze, and communicate results

Ibotta operates a shopping rewards app that connects brands with millennial consumers by offering cash-back rewards for purchases. Users earn cash back by shopping at partner retailers and brands, which encourages them to shop more frequently and spend more per visit. Brands and retailers collaborate with Ibotta to promote their products through targeted advertising within the app, especially during major shopping events like Black Friday. Ibotta generates revenue by charging these brands for featured placements and marketing campaigns designed to increase sales velocity and conversion rates. The company differentiates itself by providing valuable insights and tools that help brands understand consumer behavior, making it easier for them to reach their target audience effectively. Ibotta's goal is to enhance brand awareness and drive incremental sales for its partners while rewarding consumers for their shopping activities.

Company Size

501-1,000

Company Stage

IPO

Headquarters

Denver, Colorado

Founded

2012

Simplify Jobs

Simplify's Take

What believers are saying

  • Ibotta's partnership with DoorDash expands its digital promotions offering.
  • Expansion into 85,000 square feet in Denver indicates growth and increased operational capacity.
  • The rise of mobile payment solutions could increase Ibotta's user engagement.

What critics are saying

  • Class action lawsuit could lead to financial penalties and reputational damage.
  • Departure of key executives may cause instability in leadership and strategy.
  • Increased competition from platforms like Rakuten and Honey threatens market share.

What makes ibotta unique

  • Ibotta offers cash-back rewards, enhancing consumer shopping frequency and spending.
  • The app connects brands with millions of millennial consumers, boosting brand awareness.
  • Ibotta's targeted marketing strategies drive significant incremental sales for partners.

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Benefits

Parental leave

Onsite gym

Dinner perk

Healthcare coverage

Culture club

401(k) match

Team wide bonus

Flexible time off

Equity

Lifestyle spending account

Growth & Insights and Company News

Headcount

6 month growth

5%

1 year growth

4%

2 year growth

5%
Markets Gone Wild
Apr 19th, 2025
IBotta Investors: Seize the Chance to Join Securities Lawsuit Against IBotta, Inc. - First Filed by a Leading Law Firm

Rosen Law Firm files class action lawsuit against Ibotta, Inc.

GlobeNewswire
Apr 19th, 2025
Ibotta Alert: Bragar Eagel & Squire, P.C. Announces That A Class Action Lawsuit Has Been Filed Against Ibotta, Inc. And Encourages Investors To Contact The Firm

NEW YORK, April 18, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against Ibotta, Inc. (“Ibotta” or the “Company”) (NYSE:IBTA) in the United States District Court for the District of Colorado on behalf of all persons and entities who purchased or otherwise acquired Ibotta securities pursuant and/or traceable to the registration statement and related prospectus issued in connection with Ibotta’s April 18, 2024 initial public offering (the “Class Period”). Investors have until June 16, 2025, to apply to the Court to be appointed as lead plaintiff in the lawsuit. Click here to participate in the action. The Complaint alleges that in connection with the Initial Public Offering on April 18, 2024, Ibotta issued a registration statement that contained false and/or misleading statements or omissions. Specifically, the Complaint alleges that: (1) The registration statement failed to warn investors of the risks concerning Ibotta's contract with The Kroger Co

Markets Gone Wild
Apr 7th, 2025
Scott Scott Attorneys: Ibotta Investigation Reminder for Concerned Investors

Scott+Scott Attorneys at Law LLP is investigating Ibotta, Inc. for potential securities fraud.

Business Wire
Mar 14th, 2025
Ibotta Appoints Valarie Sheppard as Interim Chief Financial Officer

This announcement follows the transition of the current Chief Financial Officer, Sunit Patel, who is leaving Ibotta to pursue an external opportunity in the telecom space and returning to his roots in that sector.

PR Newswire
Mar 10th, 2025
IBTA Investors Have Opportunity to Join Ibotta, Inc. Securities Fraud Investigation with the Schall Law Firm

LOS ANGELES, March 10, 2025 /PRNewswire/ - The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Ibotta, Inc. ("Ibotta" or "the Company") (NYSE: IBTA) for violations of the securities laws.

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