Maju Kuruvilla, former CEO of Bolt, has launched a new e-commerce startup called Spangle AI. This startup creates custom landing pages for shoppers based on their search queries or clicks, aiming to improve conversion rates through an AI model named ProductGPT. Spangle AI has raised $6 million in seed funding with backing from Madrona Ventures and Streamlined Ventures. The startup has reported a 51% increase in conversion rates during early testing and will now focus on scaling its sales efforts.
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