YC startup Conveo secures 5 million euros for AI-supported market research

YC startup Conveo is developing the first AI research worker to provide companies such as Unilever and Google with deep customer insights in real time.

Antwerp, 6 March 2025 - Market research startup Conveo, which specializes in artificial intelligence, has raised 5 million euros in a seed funding round. The round was led by Y Combinator, 6 Degrees Capital, Entourage Capital, Pitchdrive and Syndicate One. Founded in 2024, the company is developing an AI-powered platform that makes qualitative research scalable and cost-efficient through automated video interviews.

AI-powered research for faster insights

Conveo aims to provide companies with deep customer insights quickly and efficiently. The platform enables hundreds of AI-moderated video interviews to be conducted overnight and analyzed automatically. According to Conveo, the results are 100 times faster than conventional qualitative research. Existing customers already include well-known companies such as Unilever, Orange, Sanofi and Google.

The market research industry still relies on slow and expensive methods. With Conveo, we automate the entire process - from data collection to analysis - and deliver actionable insights within hours.

Dieter De Mesmaeker, CEO and co-founder Conveo

Investors focus on a data-driven future

Conveo plans to use the financing round to expand internationally in the USA and Europe. Co-founder Hendrik Van Hove, formerly with McKinsey, sees great potential: "Companies often make risky decisions due to insufficient research. Our AI technology makes it possible to gain well-founded insights faster and more cost-effectively."

The ability to provide precise insights via big data is also applicable in areas such as real estate valuation or investment analysis.

Tomáš Hodboď , Miton

Tomáš Hodboď from Miton, one of the investors, also sees further potential applications for the technology: "The ability to provide precise insights via big data can also be used in areas such as real estate valuation or investment analysis." Conveo plans to further expand its team and optimize the technology. The founders see the platform as a supplement to traditional research approaches, not a replacement. "We combine qualitative and quantitative methods, enabling analyses that were previously not possible," says De Mesmaeker.