3DLOOK announces $6.5m Series A round led by Almaz Capital
3DLOOK has raised $6.5 million in Series A funding, led by Almaz Capital with participation from TMT Investments and Zubr Capital.
This brings its total fundraising to date to $11.2 million.
The new funds will be used to expand 3DLOOK’s US leadership team and establish new R&D labs in the US and Western Europe.
The venture’s mobile camera–based solutions provide personalised fit and size recommendations for online shoppers and body data intelligence that brands can use to create better fitting clothes.
“This fundraising round will allow us to expand the use of our AI first technology to drive personalisation across a wide range of industries,” says Vadim Rogovskiy, Co-Founder and CEO, 3DLOOK, which was shortlisted at the 2020 RTIH Innovation Awards.
“While leading fashion and uniform brands are already relying on our solutions to meet their customers’ fit needs, our growth strategy includes extending into other segments to enable personalised, made-to-measure furniture and car seats; better tracking of health and fitness progress in apps; the creation of personal avatars in video games; and real-time virtual try-ons in AR.”
“We believe that Covid-19 has been the most disruptive event in the last decade to impact retail and that it accelerated the transition to online and made e-commerce a top priority for every brand that strives to survive in the new digital reality,” says Pasha Bogdanov, General Partner, Almaz Capital.
“3DLOOK not only offers an innovative solution that helps online retailers reduce returns and ensure higher client satisfaction, but also enables a unique personalized shopping experience.”
“We’re excited to help the company as it expands and meets the growing demand for its solutions.”
