AI commerce startup Loops raises $3.5 million led by a16z speedrun
The company combines product search, a shopping assistant, catalogue enrichment and virtual try-on.
Agentic e-commerce startup Loops raised $3.5 million in seed funding on Monday in a round led by Andreessen Horowitz's a16z speedrun accelerator, SiliconANGLE reported.
NTT Docomo, Connecticut Innovations, Alumni Ventures and Monday Capital also participated.
Loops offers retailers a single AI layer for natural-language product search, a real-time shopping assistant, product-data enrichment and virtual try-on. CEO Ari Nazir said more than 70 online retailers use the platform.
Customer A101, a Turkish supermarket chain, increased its conversion rate by 83 per cent after adopting Loops' tools, according to the company.
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