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Spangle Secures $15 Million Funding To Redefine AI-Powered E-Commerce Personalization

by THEFUTURE.TEAM

January 9, 2026

Spangle, led by former Bolt CEO Maju Kuruvilla, has raised $15 million in an all-equity Series A round, elevating its valuation to $100 million. This milestone follows a successful $6 million seed round at a $30 million pre-money valuation and brings the company’s total funding to $21 million with the backing of NewRoad Capital Partners, Madrona, DNX Ventures, Streamlined Ventures, and strategic angel investors.

Revolutionizing E-Commerce With AI

The rise of AI tools and advanced recommendation engines is transforming online retail. As consumers increasingly rely on digital platforms for product discovery, Spangle positions itself at the forefront by offering software that personalizes shopping experiences in real time. Leveraging its proprietary ProductGPT model, the platform dynamically generates product recommendations based on user behavior, search queries, and referral sources, ensuring that every visitor encounters a fresh, tailored retail environment.

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Impressive Growth And Enterprise Adoption

Since emerging from stealth mode in March last year, Spangle has secured nine enterprise clients, including leading fashion retailers like Revolve, Alexander Wang, and Steve Madden, whose collective online sales reach approximately $3.8 billion. The platform has achieved a 57% month-over-month increase in traffic, with users expanding their adoption of its features. Notably, Revolve reports a 60% improvement in return on ad spend and a 50% increase in revenue per visit, underscoring the business impact of Spangle’s innovative approach.

Driving Real-Time, Data-Driven Personalization

At the heart of Spangle’s offering is its ability to replace static, pre-built pages with dynamic, AI-driven interfaces. By routing shoppers to a blank page that is populated in real time based on contextual data, Spangle empowers retailers to adapt instantaneously to evolving consumer needs. This methodology not only enhances user engagement but also optimizes key performance metrics, effectively transforming traditional e-commerce strategies.

Strategic Vision And Future Expansion

Drawing from his extensive experience at Bolt and a decade-long tenure at Amazon, Kuruvilla has leveraged his deep industry insights to build a platform geared towards sustainable growth and technological innovation. Alongside co-founder and CTO Fei Wang, a former Amazon principal engineer with notable contributions at Saks Off 5th, Spangle is poised to become a modern, AI-native commerce system. With plans to further invest in research and development, expand its engineering team, and scale its sales operations, Spangle is well positioned to meet the evolving demands of digital retail.

Embracing The Future Of Commerce

As AI continues to reshape how consumers interact with digital content and make purchasing decisions, platforms like Spangle offer a glimpse into the future of e-commerce. By harnessing the power of real-time data and machine learning, Spangle provides brands with the tools necessary to not only meet but exceed the expectations of today’s digitally savvy shopper.

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Societe Generale Bank Cyprus Introduces Four-Day Workweek Under New Labour Agreement

The Societe Generale Bank – Cyprus has introduced a four-day workweek for employees during July and August under a renewed collective agreement with the banking union ETYK.

Setting A New Standard For Banking Institutions

Societe Generale Bank Cyprus employs around 100 staff members. The new agreement introduces a reduced working schedule during the summer months as part of the collective contract for 2023–2027.

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ETYK supported the introduction of the four-day schedule during negotiations for the agreement. Other financial institutions, including Bank of Cyprus, Eurobank Ltd, Alpha Bank, National Bank of Greece (Cyprus), the Housing Finance Organization, the Bankers Association representing personnel, KEIDIPES and several insurance subsidiaries, signed separate agreements with ETYK that do not include a four-day workweek.

Key Provisions And Broader Implications

The collective agreement introduces a four-day workweek during July and August. Employees will work their regular daily hours across four days on a rotational basis while banking services continue throughout the week.

Additional provisions in the agreement include several benefits for employees. Staff will receive a one-time bonus of €1,500 upon signing the contract, a three-day increase in annual leave, adjustments to salary scales and higher contractual loan limits.

Comparative Analysis With Industry Peers

The agreement differs from arrangements negotiated between ETYK and the Banking Employers Association. Under those agreements, employees received an additional six days of annual leave. The Societe Generale Bank Cyprus agreement provides a three-day increase, bringing total annual leave to 36 days, excluding public holidays.

The bonus structure also differs. Agreements with the Banking Employers Association include a total bonus of €4,500 paid in three installments in 2025, 2026 and 2027. Societe Generale employees receive a single payment of €1,500.

Looking Forward

ETYK said the introduction of a four-day workweek during the summer months reflects discussions about working conditions in the banking sector. The arrangement may contribute to broader discussions about work schedules and employee benefits within the financial industry in Cyprus.