Klevu raises $12M for AI that personalizes ecommerce search

Klevu, a company developing AI products that personalize ecommerce search and discovery experiences, today announced it has closed a $12 million series A round. This marks the launch of Klevu’s Discovery Suite, an end-to-end solution that captures online shoppers’ intent to boost conversions, average order value, and loyalty. And it will help fund Klevu’s Global Semantic Lab initiative, which aims to build “next-generation” technologies at the intersection of machine learning and natural language processing for ecommerce.