StyleScan, a Los Angeles, CA-based developer of virtual-dressing technology for the fashion industry, raised an additional $1m in funding, bringing its total seed-round capital to $3m.
Backers included Robin Saunders, Managing Partner at Clearbrook Capital.
The company intends to use the funds to expand adoption of its e-commerce ‘software as a service’ (SaaS) solutions including the launch of new AI-driven products in the coming months.
Led by Founder and CEO Larissa Posner, StyleScan offers AI-powered visualization technology that elevates the online shopping experience enabling customers to preview garments on models resembling their own unique body shapes, or style full outfits with items across a retailer’s entire inventory.
Posner, a former fintech entrepreneur, assembled a group of leading computer scientists, venture investors, and fashion executives to develop sophisticated virtual dressing technology.
The team included:
- Chief Technology Officer Hein Hundal, who is a PhD-level mathematician
- Chief AI Officer Rob Reitzen, a Blackjack Hall of Famer and an AI practitioner who has developed many unique machine learning algorithms
- Chief Marketing Officer Galina Sobolev
FinSMEs
30/06/2022