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Enterprise Applications Series A Founded 2022

Marqo

Marqo is an AI-native product discovery platform that trains dedicated large language models on individual retailer catalogs and real shopper behavior data to deliver intelligent search, recommendations, and merchandising that drive measurable revenue. The platform operates through a three-step process: first, a pixel installed in a single line of code captures user interaction data including clicks, carts, and…

📍 Melbourne, Australia · Business Intelligence,

Funding snapshot

Last roundSeries A
Amount$12M
Date13 February 2024
Total raised$18M
Team size40

About

Marqo is an AI-native product discovery platform that trains dedicated large language models on individual retailer catalogs and real shopper behavior data to deliver intelligent search, recommendations, and merchandising that drive measurable revenue. The platform operates through a three-step process: first, a pixel installed in a single line of code captures user interaction data including clicks, carts, and purchases to learn customer shopping patterns; second, Marqo trains a dedicated AI model on the retailer's real product catalog and shopper behavior using Generalized Contrastive Learning, creating a purpose-built model that understands specific products, categories, and customer preferences without synthetic data or shared LLMs; and third, the model deploys via API or one-click integrations for Shopify, Adobe Commerce, and Salesforce Commerce Cloud. Marqo delivers intelligent understanding with instant indexing, semantic relevance, typo tolerance, and multilingual comprehension; adaptive journeys that shift fluidly between results, carousels, guided discovery, or conversational search based on shopper intent; and strategic automation of ranking, boosts, filters, and collections through AI. The platform supports image and multimodal search integrated directly into the search model. Customers report significant results: Mejuri saw 19.8% increase in search revenue per user, Redbubble gained $11M incremental revenue, KICKS CREW achieved 17.7% uplift in conversion rate, Shutterstock saw 23% increase in search satisfaction, and Kogan achieved 15.5% increase in search revenue per visitor. Marqo has delivered over $130M in proven revenue for enterprise retailers. Founded in 2022 and headquartered in Melbourne, Australia, Marqo has raised $18.4M in Series A funding from investors including Blackbird Ventures, January Capital, Lightspeed, and Creator Fund.

Business model

Business Intelligence > Unstructured Data Analytics > Text Analytics > Internal > Document Search,

Big Data Analytics > Data Discovery & Visualization > Discovery > Enterprise Search

Team background

Company Wise > Amazon,

College Wise > University of Cambridge

Institutional investors

Blackbird Ventures January Capital Lightspeed Creator Fund Rob Skillington Ivan Zhang Aidan Gomez

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