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Spotify Vets’ eCommerce-Focused AI Startup Raises $10 Million
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News Archives | PYMNTS.com
Behavior intelligence company Malachyte has closed a $10 million seed funding round.
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The release also cites projections from McKinsey projects that AI agents could orchestrate up to $1 trillion of U.S. retail by 2030, which makes understanding shopper behavior more valuable.
“Yet most commerce infrastructure is not built to understand buyer intent in real time, whether that’s for a human or an agent.
The funding comes as AI continues to become part of mainstream shopping, as research from PYMNTS Intelligence has found.