Vue.ai raises $17 million for AI-driven retail products
24 April 2019 10:30 AM GMT
Vue.ai, a subbrand of India-U.S. startup Mad Street Den, has raised $17 million in venture capital, which it says will be used to grow its team.
- The Fremont, California-based subbrand of AI startup Mad Street Den today announced that it's raised $17 million in a series B financing round led by Falcon Edge Capital, with participation from Sequoia Capital India and KDDI Innovation Fund's Global Brain.
- Above: Vue.ai's VueModel technology, which uses an AI algorithm to generate multiple model shots from product images.
- Vue.ai, which in three years has experienced 200 percent annual revenue growth and seen household names like Macy's, Levi's, Diesel, Thredup, Tata, and Mercadolibre join its customer base, offers a suite of seven products designed to automate management and merchandising processes and personalize omnichannel customer experiences.
- There's VueTag, an AI-powered object recognition service that tags and categorizes up to 30,000 product images per hour across over 250 attributes including color, pattern, length, neckline, and more.
- "The Vue.ai team is on a mission to put AI and intelligent automation in the hands of teams across the globe in ways that improve productivity and growth multi-fold," said Roychowdhary.
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