Algolia acquires Velou to boost product intelligence for AI shopping

Algolia has acquired New York-based Velou, which uses multimodal AI to enrich product data and catalogs. Financial terms were not disclosed, and Velou's six-person team is joining Algolia; Velou already serves more than 50 retail and premium brand customers.

• Financial terms were not disclosed; Velou's six-person team joins Algolia
• Velou serves more than 50 retail and premium brand enterprise customers
• Algolia handles nearly 2 trillion searches annually across 18,000+ customers
• Get The Label added 190,000 attributes and reported 60% search revenue growth