ViSenze, a startup that gives visible search tools for on-line dealers like Rakuten and ASOS, introduced today that it has raised a $ 20 million collection C. The round was co-led by way of Gobi Ventures and Sonae IM, with participation from other backers including returning buyers Rakuten and WI Harper.
ViSenze has now raised a complete of $ 34.5 million (its remaining circular become a sequence B introduced in September 2016). The Singapore-primarily based enterprise, whose purchasers additionally encompass urban Outfitters, Zalora, and Uniqlo, expenses its application portfolio as a “own browsing concierge” that makes it possible for valued clientele to find or find new products in response to visual search, automated photo tagging, and proposals in keeping with their browsing heritage. ViSenze’s verticals encompass vogue, jewelry, furnishings, and intellectual property.
ViSenze’s latest funding campaign will be used to boost its software via partnerships with smartphone makers including Samsung, LG, and Huawei. The business has offices in Asia, Europe, and the united states, and claims an annual profits growth cost of greater than 200 p.c. different startups in the equal area consist of Syte.ai, Slyce, Clarifai, and Imagga.
In a statement, Rakuten Ventures companion Adit Swarup pointed out “when we first invested in ViSenze in 2014, sellers had simply started seeing the benefits of powering product concepts with picture statistics. these days, ViSenze now not best powers innovations for the greatest brands on earth, however has helped pioneer a paradigm shift in e-commerce; helping consumers locate products inner their favorite social media videos and images, as well as provoke a search without delay from their camera app.”
Participants within the circular covered returning investors Singapore Press Holdings (SPH) Ventures, Raffles mission partners, Enspire Capital, and UOB mission administration, as well as new traders Tembusu ICT Fund, 31Ventures world Innovation Fund, and Jonathan Coon’s impossible Ventures.