Maju Kuruvilla Launches Spangle AI to Fix Online Shopping

•

a day ago

Summary

Maju Kuruvilla's new startup, Spangle AI, focuses on improving online shopping experiences by creating custom landing pages for shoppers based on what they searched for or clicked on. The company has already raised a $6 million seed round and is seeing promising signs from its product.

Key Points

Spangle AI creates custom landing pages for shoppers based on their search queries or click history
The startup uses an AI model called ProductGPT to decode customer interactions and personalize the shopping experience
Spangle AI has already boosted conversion rates by 51% in early testing, according to the company

Why It Matters

Improving online shopping experiences can lead to increased conversions, revenue, and customer satisfaction for retailers. Spangle AI's technology aims to address common issues with online shopping, such as landing on a website that doesn't have the product you clicked on.

Author

Charles Rollet

More Headlines

Plex Raises Prices for Premium Subscription Service

Plex has announced a price increase for its premium subscription service, Plex Pass. The new prices will be $6.99 per month, up from the previous rate of $4.99. The yearly cost will also increase to $69.99, and the lifetime Plex Pass will cost $249.99.

Dataminr raises $85M in new funding round

Dataminr, a data analytics company that provides real-time insights based on public data, has raised $85 million in convertible financing and credit. The funding will enable the company to accelerate its growth trajectory, expand its international presence, and power additional products in new verticals.

Ribbit Capital Raises $500 Million for New Fintech Investments

Ribbit Capital, a venture firm known for its fintech investments, is raising $500 million for a new fund. The capital appears to be part of the Palo Alto-based venture firm's latest flagship fund, titled Ribbit Capital Y.

X's Valuation Bounces Back

X's valuation has taken a sharp turnaround in terms of its finances, with a new report from the Financial Times valuing the company at $44 billion. This comes after a report from Bloomberg stated that X raised close to $1 billion from investors, valuing the company at around $32 billion.

Elon Musk's AI Company xAI Adds Image Generation Capabilities to Its API

Elon Musk's AI company xAI has added image generation capabilities to its API, allowing users to generate up to 10 images per request at a cost of $0.07 per image. The company, which launched its API in October 2024, is reportedly meeting with investors about a potential $10 billion funding round that could bring its valuation to $75 billion.

Bluesky CEO Pokes Fun at Mark Zuckerberg with T-Shirt

Bluesky CEO Jay Graber made headlines at SXSW by wearing a T-shirt that poked fun at Meta founder Mark Zuckerberg. The shirt, which says 'Mundus sine Caesaribus' or 'a world without Caesars,' is a response to Zuckerberg's own shirt that declared 'Aut Zuck aut nihil' or 'Zuck or nothing.' Graber's shirt has become an instant hit, with Bluesky selling out of its first printing and making more money in one day than it did in two years of custom domain sales.

Former DeepMind Researcher Starts Robotics Startup

Pete Florence, a senior research scientist at DeepMind, has left Google to create his own robotics startup, Generalist AI. The startup aims to make general-purpose robots a reality and has received investment from Nvidia.

Ghost Joins the Fediverse with Social Web Beta

Ghost, an open-source newsletter platform, has announced the launch of its Social Web Beta. This integration allows publishers to share their blog posts across the Fediverse, a decentralized network of social media platforms.

Raj Aggarwal Leaving AWS

Raj Aggarwal, who played a notable role in AWS' recent push into generative AI, has announced his departure from the company after nearly three years as its GM of generative AI and revenue acceleration. In a LinkedIn post, Aggarwal mentioned his contributions to AWS' AI foundation models, Bedrock AI development platform, and Amazon's business-focused generative AI assistant Amazon Q.

Nvidia Acquires Gretel

Nvidia has acquired Gretel, a San Diego-based startup that's developed a platform to generate synthetic AI training data. The price tag was said to be nine figures, exceeding Gretel's most recent valuation of $320 million.

Noam Brown on AI Reasoning

Noam Brown, a researcher at OpenAI, discusses the importance of AI reasoning in making AI models more accurate and reliable. He notes that if researchers had known the right approach and algorithms 20 years ago, AI reasoning models like OpenAI's o1 could have arrived earlier.

Sequoia to shut down DC office, policy team

Sequoia Capital has announced that it will be shutting down its Washington D.C. office and parting ways with its policy team at the end of March. The news comes as a contrast to other prominent venture capital firms in Silicon Valley, which are strengthening their ties with Capitol Hill and the new Trump administration.

Why you should stop using stalkerware apps

A consumer-grade spyware operation called SpyX has been hit by a data breach, exposing users' personal information. The breach highlights the importance of protecting oneself from stalkerware apps and other forms of digital surveillance.

OpenAI Launches More Powerful O1-Pro AI Model

OpenAI has launched a more powerful version of its o1 reasoning AI model, o1-pro, in its developer API. The new model uses more computing power to provide consistently better responses, but it comes at a higher price.

Google Adds Canvas Feature to Gemini Chatbot

Google has added a feature called Canvas to its AI-powered Gemini chatbot, allowing users to create, refine, and share writing and coding projects in an interactive space. This new feature is designed for seamless collaboration with Gemini, making it easier to bring ideas to life.