The Singapore-based Cosmose AI, a global platform that predicts and influences how people shop offline, has raised strategic investment from NEAR Foundation. The amount was undisclosed, but it pushed the company’s valuation to $500 million.
- Founded in 2014 in Warsaw by Miron Mironiuk, Cosmose AI provides analytics driven by artificial intelligence to retailers about offline shopping habits of their customers. The company works with companies such as LVMH, Richemont, L’Oréal, and Estée Lauder. Cosmose AI has offices in Paris, Warsaw, Singapore, Hong Kong, Shanghai, and Tokyo.
- In 2020 the company received $15 million in a Series A financing, led by Tiga Investments, OTB Ventures, and TDJ Pitango.
- The fresh round was led by Near Foundation, a Swiss non-profit arm that supports the growth and development of the NEAR Protocol, a high-performance carbon-neutral blockchain to create dApps. NEAR was founded in late 2018 by Illia Polosukhin from Ukraine and Alexander Skidanov from Russia.
“We are grateful for the ongoing support from NEAR Foundation and are excited about what’s to come. NEAR is the most secure, scalable and sustainable blockchain protocol. Having built on NEAR in 2022 and while working with NEAR Foundation, we discovered that our visions for the Web3-driven future are aligned. Together, NEAR and Cosmose AI will build a future where more than 1 billion users can benefit from the ecosystem they are part of, remain in full control of their data and have a superior shopping experience thanks to AI-driven personalization,”
Miron Mironiuk, founder and CEO of Cosmose AI, said.
- With the new investment, Cosmose AI will continue to innovate its two AI’s products, Cosmose Media and KaiKai, and advance Web3-driven solutions for retail ecosystem.
