Malachyte raises $10M for e-commerce AI

Malachyte, founded by ex-Spotify engineers Sidd Motwani, Ian Anderson, and Shivaditya Sinha, raised $10 million in seed funding co-led by Bessemer Venture Partners and Gradient. Its Vector AI predicts shopper intent in real time, powering about 90% of Spotify's recommendations to 800 million users.