Albatross lands €10.5M to reinvent real-time product discovery
Zurich-based AI company Albatross has secured €10.5 million in new funding to revolutionize real-time product and content discovery, a critical area in the evolving digital economy. This funding round, led by MMC Ventures, with participation from Redalpine, Daphni, and strategic angels, aims to further develop a platform designed to learn, reason, and adapt based on user interactions. The technology seeks to provide more responsive and context-aware recommendations compared to traditional methods. Albatross's platform is built on transformer-based architecture with sequential embedding models trained directly on live events, processing billions of events and millions of predictions monthly. The platform already handles approximately one hundred million products and tens of millions of users across various sectors. Its flagship products include the Real-Time Discovery Feed and Multimodal Search, designed to provide companies of all sizes with cutting-edge recommendation technology. The impact of Albatross's technology is poised to be significant, particularly for marketplaces, retail, and travel platforms worldwide. Early pilot programs have shown substantial improvements in user engagement and product discovery. Furthermore, integration typically takes less than seven weeks, suggesting a streamlined implementation process. This technology could help European companies compete more effectively in the digital marketplace. Founded in 2024 by former Amazon AI leaders, Albatross has already secured a total of €13.5 million in funding, including a €3 million foundation round in September 2024. The company's focus on real-time user intent signals a strategic move towards more dynamic and personalized digital experiences.
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