Fashion retail technology startup Rosetta AI bags $2.4 million in funding and looks to expand

Taiwanese startup, Rosetta AI, which specialises in fashion and beauty e-commerce personalisation, has announced the closing of its pre-A plus round for $2.4 million from the 500 Global Flagship Fund, for a total of $4.6 million raised to date.

The company’s solutions are at work in over 2,500 retail stores across Asia and drive a gross merchandise volume (GMV) of $3.5 million. Annual recurring revenue s $3.4 million with a 200% growth rate.

Last month Daniel Huang gave a short talk about his Aesthetics and Desire AI product, and the importance of consumer insights for fashion ecommerce merchants. The talk was hosted by 500 Global and AI Yangjae Hub.https://t.co/VjR2WomrbD

— Rosetta.ai (@rosetta_ai) December 28, 2021

“Rosetta AI solutions provide real growth for e-commerce merchants in Asia. We’ve taken notice and now the time has come to expand worldwide,” says lead investor of the pre-A round, Dr. Pehong Chen, the founder of BroadVision.

That round brought in $2.4 million. Co-investors included Artesian VC, Angel To Venture Accelerator, Loyal VC, SOSV.

“As we look to the global market we’re confident that our proprietary AI algorithms will continue to improve, along with our customer and brand relationships. Our goal remains the same: to amplify revenue for fashion retailers,” says CEO Daniel Huang.

“We’re grateful to our investors and strengthened by their confidence in us.”

The new funding will be used to boost Rosetta AI’s products, and to expand into the US and EMEA.