Noogata Closes On Seed Round

Noogata, a startup that offers a no-code AI solution for enterprises has raised a $12 million seed round led by Team8, with participation from Skylake Capital. Founded in 2019, the platform currently focuses on e-commerce, retail and financial services, but it notes that it will use the new funding to power its product development and expand into new industries. The company’s platform offers a collection of what are essentially pre-built AI building blocks that enterprises can then connect to third-party tools like their data warehouse, Salesforce, Stripe and other data sources. An e-commerce retailer could use this to optimize its pricing, for example, thanks to recommendations from the Noogata platform, while a brick-and-mortar retailer could use it to plan which assortment to allocate to a given location.