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Cosmose AI, a data startup that tracks in-store shopping habits, just raised a $15 million Series A that values it at more than $100 million

Cosmose AI, a data startup that tracks in-store shopping habits, just raised a $15 million Series A that values it at more than $100 million
Cosmose



Cosmose AI just netted $15 million in Series A funding from Tiga Investments, OTB Ventures, and TDJ Pitango. The round values the startup at more than $100 million.




Cosmose works with high-profile retailers, mainly in China, such as Walmart, Samsung, and LVMH to improve offline sales and advertising using anonymous consumer data.




The raise will help Cosmose expand operations in Southeast Asia, the Middle East, and India. It hopes to become profitable by 2021.




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Cosmose AI, a startup that uses data to track offline shopping habits, has just raised a $15 million Series A round that values it at more than $100 million.
The startup gathers anonymous data, including location tracking, to understand how people shop in stores. It uses the data to inform the sales and advertising strategies of a number of high-profile retailers, including Walmart, Samsung, and luxury brand LVMH. It charges a subscription fee of between $5,000 and $10,000 a month.
The Series A round was led by Singapore-based investor Tiga Investments, and involved a series of Asian angel investors as well as European VC funds OTB Ventures and TDJ Pitango, who also participated in the startup's $12 million seed funding round in 2019.
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