Cosmose AI, a Singapore-based platform that predicts and influences offline shopping behaviour, has announced a strategic investment from NEAR Foundation, a leader in Web3 technologies.
The investment, which values Cosmose at $500 million, is set to propel the AI-driven retail ecosystem and apply Web3 principles to create a seamless shopping experience for users.
The latest funding announcement follows a Series A fundraise earlier in 2020, led by Tiga Investments, OTB Ventures, and TDJ Pitango.
Miron Mironiuk, Founder and CEO of Cosmose AI, said: “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 we’ll build a future where one billion users benefit from the ecosystem they’re part of, with complete control of their data and superior AI-driven personalisation.”