Neuralk-AI raises $4M to build foundation models for critical commerce data
Summary
Neuralk-AI, a French deeptech startup building a Tabular Foundation Model specialised for Commerce, has raised $4M in funding.The round was led by Fly Ventures with participation from StemAI, Thomas Wolf, Charles Gorintin, Philippe Corrot, Nagi Letaifa, Vincent Luciani , Saturnin Pugnet, Xavier Perret, Julien Launay and Jean-Louis Qu\xe9guiner.The company provides specialised models to do representation learning on commerce tabular data, such as product catalogs customer information, or shopping cart histories. While it represents only around 20% of data volume, it contains the majority of a companys value, capturing critical expertise, operational insights, and business know-how.It does this by providing API access to a representation model that processes tabular data as input and returns the finest numerical representation to compute the given prediction. Neuralk-AI is already collaborating with leading names in the retail industry like E.Leclerc, Auchan, Mirakl, and Lucky Cart.This funding will enable the company further develop its Tabular Foundation Models. The technology underpinning tabular data has barely evolved in decades, particularly in retail where structured datasets drive every key decision, said Alexandre Pasquiou, Co-Founder and CSO of Neuralk-AI. They unlock the untapped potential of tabular data, working toward establishing new standards for extracting intelligent, actionable insights from structured datasets.