Perfect Corp. announces major Series C funding round
Beauty tech solutions provider, Perfect Corp., has closed a $50 million Series C round led by Goldman Sachs.
This brings the venture’s total raised so far to round $130 million.
Perfect Corp. has developed a YouCam Makeup app, which lets people virtually try on samples from a range of brands.
The Series C will be used to further develop its technology for omnichannel retailers and open more international offices (it currently has operations in 11 cities).
Xinyi Fend of Goldman Sachs says: “The integration of technology through artificial intelligence, machine learning and augmented reality into the beauty industry will unlock significant advantages.”
“This includes amplification of digital sales channels, increased personalisation and deeper consumer engagement.”
