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South Korea’s RECON Labs raises $4.4M to help shoppers visualize products by creating 3D models in AR   

TechCrunch

According to a recent survey of 16,000 Snapchat users in 16 markets, 92% of Gen Zers want to use AR and VR for online shopping. The company currently offers its service to more than 22 small and medium companies in South Korea, and is in discussion with potential customers in the fashion, toy and food sectors, Ban said.

3D 244
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Avataar raises $45 million to improve consumer shopping experience with life-sized 3D product evaluation

TechCrunch

That’s the reason why the likes of Amazon have historically struggled to move fashion and home decor items online. Avataar helps direct-to-consumer brands and e-commerce marketplaces with shaping their consumer journeys with 3D rendition of products. The six-year-old startup has raised about $55.5 The founding team of Avataar.

3D 232
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Sneaker fit startup Neatsy.ai gets $1M seed after B2B pivot

TechCrunch

startup, which was founded back in March 2019 by Artem Semyanov (the former head of the machine learning team at Prism Labs ), is now fully focused on selling its fit-tech to e-tailers via an SDK. Neatsy wants to reduce sneaker returns with 3D foot scans. month per user). “We are also looking at the U.S.

B2B 201
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3 technology trends set to revolutionize retail

CIO

From big fashion brands to staples and grocery stores, every retailer is looking to apply algorithms to improve the bottom line, especially in the areas of omnichannel retailing, demand forecasting, and predictive analytics. Realistic 3D visualizations provide a good idea of how a product would look like when viewed from different angles.

Retail 189
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Emperia is helping brands like Bloomingdales build shopping experiences in VR

TechCrunch

With Emperia, brands can put on live events with hosts that walk them through a virtual space, or customize exhibits and displays with 3D models and images of real-world inventory. Despite competition from vendors like Obsess and ByondXR, Emperia has 45 customers across sectors including fashion, beauty, luxury apparel and sports.

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UK’s Mindtech raises $3.25M from In-Q-Tel, among others, to train CCTV cameras on synthetic humans

TechCrunch

Mindtech says Chameleon solves that problem, as its customers quickly “build unlimited scenes and scenarios using photo-realistic smart 3D models”. Steve Harris, CEO, Mindtech said: “Machine learning teams can spend up to 80% of their time sourcing, cleaning and organizing training data. Mindtech CEO Steve Harris.

Training 246
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Sequoia’s Surge reveals 15 India, SEA startups in seventh cohort

TechCrunch

These founders include the former CFO of fashion e-commerce platform Nykaa, machine learning engineers who worked on conversational AI at Meta and the first set of engineers of Uber in India. A majority of the startups in the new cohort are building for global markets and targeting audiences beyond their headquarters.