Former Bolt CEO Maju Kuruvilla's Startup Triples to $100M Valuation
Former Bolt CEO Maju Kuruvilla's Startup Triples to $100M Valuation
Spangle, a startup founded by former Bolt CEO Maju Kuruvilla, has raised $15 million in a Series A round to expand its AI-generated shopping experiences. This significant funding round has tripled the startup's valuation to $100 million.
Background
Spangle is an AI-powered shopping platform that uses computer vision and machine learning to create immersive and interactive shopping experiences. The platform allows users to browse and purchase products in a more engaging and personalized way.
Funding Round
The $15 million Series A funding round was led by a prominent venture capital firm, with participation from other investors. This funding will be used to further develop Spangle's technology and expand its team.
Impact
The significant funding round and valuation increase demonstrate the growing interest in AI-powered shopping experiences and the potential for Spangle to disrupt the retail industry.
Quotes
While quotes from Maju Kuruvilla and other investors were not available, the funding round and valuation increase speak for themselves.
Sources
[2] Former Bolt CEO Maju Kuruvilla's startup triples to $100M valuation
Sources
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[2] Former Bolt CEO Maju Kuruvilla's startup triples to $100M valuation
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