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Aampe raises USD $18 million to boost AI personalisation

Wed, 11th Dec 2024

Aampe has announced the raising of USD $18 million in a Series A funding round, further developing its deployment of intelligent AI agents to enhance personalization in consumer applications across the globe.

San Francisco-based Aampe, which focuses on bringing personalized user experiences in digital apps, confirmed it has introduced over 100 million AI agents.

These agents are transforming user interaction by managing billions of decisions weekly across various industries, including prominent food delivery, sports and fitness, fintech, and entertainment applications.

The Series A funding round was led by Theory Ventures, bringing Aampe's total funding to USD $27.3 million. Another participant in the funding round was Z47. The financial resources are expected to expedite the scaling and integration of Aampe's AI-driven infrastructure within the consumer technology sector.

Traditional personalization approaches necessitate manual creation of rules and segments by human marketers to decide the suitable message or product surface for users.

This has often led to significant bottlenecks and operational challenges due to changing consumer preferences. Aampe's AI agents offer an alternative by providing one-to-one personalization, continuously learning from user interactions, and adapting to the shifting preferences of millions of daily users.

"Consumer applications today almost universally look the same to everyone who opens them, with personalization limited to narrow recommendation feeds," commented Paul Meinshausen, CEO and co-founder of Aampe. "We've designed and developed infrastructure that enables every aspect of an application to adapt to each user's context and preferences, continuously. Our mission is to fundamentally improve the way users experience digital products."

Aampe's innovative approach is rooted in the co-founders' diverse expertise in cognitive science, engineering, and behavioural sciences. The founding team includes Meinshausen, who previously established PaySense, Schaun Wheeler, with experience in U.S. Army Intelligence Analysis, and Sami Abboud, a neuroscience PhD and former semiconductor engineer.

The company employs reinforcement learning, a specific branch of AI, facilitating continuous learning and adaptation by each agent.

This approach helps users make informed decisions by assessing complex content choices, and seamlessly integrates with existing marketing and product tools, maximising value extraction from the current technological investments.

Alexander Beresford, CGO/CMO at Taxfix, remarked, "Customers now expect brands to know what they want and respond instantly - standards have gone up."

"The future of engagement in owned media lies in AI systems that learn from each customer's behavior and adapt automatically to deliver personalized experiences. Unlike older systems that follow rigid rules, these AI agents evolve with the customer, keeping every interaction relevant without extra effort from the business. This isn't just a new trend - it's where everything is headed. For brands looking to stay competitive, adopting this approach isn't optional; it's the difference between sounding irrelevant and sounding like you understand them. Aampe is for me a leap in that direction which brings a novel approach to individual customer needs."

Andy Triedman, Partner at Theory Ventures, stated, "AI agents can make decisions at a scale that is impossible for any human."

"Aampe allows customer engagement teams to craft experiences for their diverse user base, versus just one or two flows targeted at the typical person. This new type of infrastructure will be transformational for companies looking to provide personalization driven by data."

Aakash Kumar, Managing Director at Z47, added, "The world of app engagement has not delivered on the promise of deep learning led personalization. Agentic AI provides the opportunity to break through. Paul and the team at Aampe are shaping the future of agentic infrastructure for user journey personalization, with excellent feedback and adoption from their early customers."

Committed to user privacy, Aampe employs zero personally identifiable information storage practices, relying instead on anonymized behavioral data patterns.

As Aampe continues to expand, it plans to significantly increase its workforce by the end of 2025 to support enterprise clients in adopting its agentic infrastructure seamlessly into their systems.

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