Swiss AI Startup Albatross Raises €3 Million to Revolutionize User Engagement with AI-Driven Personalization

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Baar, Switzerland – October 2024Albatross, a cutting-edge AI startup focused on revolutionizing user engagement in eCommerce, media, and online marketplaces, has raised €3 million in a pre-seed funding round. The investment was led by Swiss venture capital firm redalpine, with participation from French VC Daphni. The funds will accelerate the development of Albatross’s advanced AI-driven personalization platform, poised to redefine how businesses interact with users, unlocking unprecedented conversions and revenue growth.

Albatross was founded by industry veterans Dr. Kevin Kahn, Dr. Matteo Ruffini, and Johan Boissard, who previously led machine learning and recommendation systems at Amazon. Their deep expertise in scaling AI technology provides Albatross with a unique edge in addressing the longstanding issue of user churn due to static and uninspiring recommendations.

“Users want to be inspired and guided on their discovery journey,” said Dr. Kevin Kahn, CEO of Albatross. “Traditional recommendation systems, which over-focus on popular items, miss opportunities by failing to adapt to rapidly evolving catalogs and user interests. Albatross changes the game by delivering real-time, personalized experiences tailored to individual user interactions, ensuring fresh and engaging content is consistently presented.”

Albatross’s AI solutions leverage advanced techniques like deep learning, multi-armed bandits (MABs), and reinforcement learning to create dynamic user journeys that continuously evolve. From recommending the right products to determining optimal presentation formats, the platform empowers businesses to optimize user experiences and recapture missed revenue opportunities—all without invasive user tracking.

“We are thrilled to support this exceptional team,” said Marc Moesser, Investor at redalpine. “Albatross’s AI-driven personalization platform has the potential to bring the sophisticated level of user engagement typically seen at tech giants like YouTube and Netflix to businesses of all sizes.”

The platform addresses a critical gap in the market, where outdated recommendation systems fail to adapt to changing user preferences and catalogs. Albatross ensures that users experience discovery in ways that keep them engaged, driving higher conversions and revenues. This groundbreaking approach helps businesses overcome the limitations of traditional A/B testing and static personalization models by automatically optimizing real-time user engagement.

Gilles Despas, CEO of Bark.com and investor in Albatross, emphasized, “Personalization is a game-changer for online platforms. Albatross’s scalable and AI-driven approach positions it as a disruptor in the market.”

With headquarters in Baar, Switzerland, and an office in Berlin, Albatross is well-positioned to rapidly scale its product offering to transform user engagement across multiple industries.


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