{"id":4425,"date":"2019-04-25T03:31:40","date_gmt":"2019-04-24T22:01:40","guid":{"rendered":"https:\/\/www.vue.ai\/blog\/?p=4425"},"modified":"2024-04-23T12:53:30","modified_gmt":"2024-04-23T07:23:30","slug":"vue-ai-raises-17m-in-series-b","status":"publish","type":"post","link":"https:\/\/www.vue.ai\/blog\/industry-trends\/vue-ai-raises-17m-in-series-b\/","title":{"rendered":"Vue.ai\u00ae raises $17M in Series B"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a01dc60475ae\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a01dc60475ae\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.vue.ai\/blog\/industry-trends\/vue-ai-raises-17m-in-series-b\/#a-journey-from-the-year-of-the-retail-apocalypse-to-the-year-of-ai-driven-growth\" title=\"A journey from the year of the Retail Apocalypse to the year of AI driven growth\">A journey from the year of the Retail Apocalypse to the year of AI driven growth<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.vue.ai\/blog\/industry-trends\/vue-ai-raises-17m-in-series-b\/#the-time-for-intelligent-retail-automation-is-now\" title=\"The time for Intelligent Retail Automation is NOW. \">The time for Intelligent Retail Automation is NOW. <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.vue.ai\/blog\/industry-trends\/vue-ai-raises-17m-in-series-b\/#putting-the-power-of-ai-and-our-tools-in-the-hands-of-retail-teams-everywhere\" title=\"Putting the power of AI and our tools in the hands of Retail teams everywhere\">Putting the power of AI and our tools in the hands of Retail teams everywhere<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.vue.ai\/blog\/industry-trends\/vue-ai-raises-17m-in-series-b\/#2019-were-coming-to-a-city-near-you\" title=\"2019: We&#8217;re coming to a city near you!\">2019: We&#8217;re coming to a city near you!<\/a><\/li><\/ul><\/nav><\/div>\n<span class=\"rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\">3<\/span> <span class=\"rt-label rt-postfix\">minutes<\/span><\/span><div class=\"\">\n<p><span style=\"font-weight: 400;\">It&#8217;s a big milestone here at the <a href=\"https:\/\/www.vue.ai\/\">Vue.ai<\/a>\u00ae headquarters. We&#8217;ve raised $17M in a Series B led by Falcon Edge Capital, with participation from existing investors <a href=\"https:\/\/www.sequoiacap.com\/india\/\">Sequoia<\/a> and <a href=\"https:\/\/globalbrains.com\/en\/\">Global Brains<\/a> (KDDI Japan). <\/span><\/p>\n<p><span style=\"font-weight: 400;\">At <a href=\"https:\/\/www.vue.ai\/\">Vue.ai<\/a>\u00ae, our mission is to leverage the power of Image Recognition and Data Science to help retailers grow rapidly and become 10x more efficient across functions. We extract catalog data, analyze it with user behavior and help your marketing, product and cataloging teams get actionable insights that improve customer experiences, drive conversions and reduce costs. We help you digitally map your products&#8217; DNA to create one-of-a-kind retail experiences for your customers and translate product information into the language that your teams can understand and make business decisions with.<\/span><\/p>\n<img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-4428 aligncenter\" src=\"https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2019\/04\/Screen-Shot-2019-04-25-at-8.58.09-AM.png\" alt=\"Vue.ai\" width=\"765\" height=\"501\" srcset=\"https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2019\/04\/Screen-Shot-2019-04-25-at-8.58.09-AM.png 765w, https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2019\/04\/Screen-Shot-2019-04-25-at-8.58.09-AM-300x196.png 300w\" sizes=\"(max-width: 765px) 100vw, 765px\" \/>\n<h2><span class=\"ez-toc-section\" id=\"a-journey-from-the-year-of-the-retail-apocalypse-to-the-year-of-ai-driven-growth\"><\/span><b>A journey from the year of the Retail Apocalypse to the year of AI driven growth<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">While the retail industry has felt like it&#8217;s been melting down, quietly, we&#8217;ve seen the rise of the new retail &#8211; an industry focused on reducing waste, getting smarter about using data, becoming lean and efficient while simultaneously creating meaningful experiences for customers. \u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the past year, we&#8217;ve worked with Leaders in Retail ranging from ThredUp and Zilingo, to \u00a0Tata and Macy&#8217;s, who are using Vue.ai\u00ae to change significant parts of their product digitization, merchandizing, styling and marketing workflows so that their teams can focus on creating world-class retailing experiences for their customers. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">With our <\/span><a href=\"https:\/\/www.vue.ai\/solutions\/automated-product-tagging\/\"><span style=\"font-weight: 400;\">product digitization<\/span><\/a><span style=\"font-weight: 400;\"> and <\/span><a href=\"https:\/\/www.vue.ai\/products\/on-model-imagery\/\"><span style=\"font-weight: 400;\">merchandizing<\/span><\/a><span style=\"font-weight: 400;\"> products, customers have grown sales 4x in specific categories and reduced return rates. Our <\/span><a href=\"https:\/\/www.vue.ai\/products\/outfit-recommendations\/\"><span style=\"font-weight: 400;\">stylist curation and personalized outfitting<\/span><\/a><span style=\"font-weight: 400;\"> tools have help subscription box models thrive, opening up personal styling, which was once accessible only to celebrities, to customers everywhere. <\/span><a href=\"https:\/\/www.vue.ai\/products\/outfit-recommendations\/\"><span style=\"font-weight: 400;\">Our AI stylist<\/span><\/a><span style=\"font-weight: 400;\"> has curated over 2.5B outfits, improved customer retention while simultaneously allowing a handful of stylists and product managers to provide personalized styling to every one of their customers, with our style profile and taste graph driven engines. <\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"the-time-for-intelligent-retail-automation-is-now\"><\/span><b>The time for Intelligent Retail Automation is NOW. <\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">AI and Automation can help retail teams across the globe improve efficiencies across their workflows. Automation processes help brands with accurate data creation and helps provide context around shopper&#8217;s needs and behaviours. <\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">By getting access to this accurate data and using it across <a href=\"https:\/\/www.vue.ai\/solutions\/ai-personalization-engine\/\">personalization<\/a>, styling and customised-marketing, brands can leverage this information to curate experiences that are meaningful and valuable to the shopper. <\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">AI-powered Retail Automation<\/span><span style=\"font-weight: 400;\"> ensures data creation, in the form of automated product tagging as well as collating individual customers preferences. Using AI in Retail additionally ensures the creation of an accurate database that is completely unique to the retailer\u2019s business and customers.<\/span><\/li>\n<\/ul>\n<img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-4437 size-full\" src=\"https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2019\/04\/unnamed.png\" alt=\"Intelligent Retail Automation in Fashion Ecommerce\" width=\"922\" height=\"195\" srcset=\"https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2019\/04\/unnamed.png 922w, https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2019\/04\/unnamed-300x63.png 300w, https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2019\/04\/unnamed-768x162.png 768w\" sizes=\"(max-width: 922px) 100vw, 922px\" \/>\n<h2><span class=\"ez-toc-section\" id=\"putting-the-power-of-ai-and-our-tools-in-the-hands-of-retail-teams-everywhere\"><\/span><b>Putting the power of AI and our tools in the hands of Retail teams everywhere<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Our AI-powered tools enable stylists, merchandisers, product managers, catalog managers, marketers, CTOs and CPOs everywhere to automate their daily tasks, so they can focus on decision making based on the data created and analyzed by our solutions. It allows them to scale meaningfully, delivering valuable experiences to their customers, while being 10x more efficient across their workflows. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">AI is undoubtedly becoming central to the changing face of the retail industry. And we&#8217;re humbled to have the opportunity to work with leaders who are breaking the mould, reimagining the future and challenging the status quo. <\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"2019-were-coming-to-a-city-near-you\"><\/span><b>2019: We&#8217;re coming to a city near you!<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">2019, is the year of global scale at Vue.ai\u00ae. We&#8217;re already working closely with Retailers who are changing the course of retail across North America, Europe, Latin America, Middle East and Asia. This year you&#8217;ll see reps from our teams in your cities, events that help create the perfect setting for conversations, demonstrating the value of AI to your business. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">As always, to learn more, you can reach out to us here on our website or through email. You can sign up for our newsletters here, where 10s of thousands of retailers learn about new developments in AI, our new solutions, engage and talk to us about their business and problems they wish to solve. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Vue.ai\u00ae team and I are excited to be on this journey with you. To a big, bold 2019&#8230;. \u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Ashwini Asokan<br \/>\n<\/span><span style=\"font-weight: 400;\">Founder &amp; CEO, <a href=\"https:\/\/www.vue.ai\/\">Vue.ai\u00ae<\/a><\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\">3<\/span> <span class=\"rt-label rt-postfix\">minutes<\/span><\/span> It&#8217;s a big milestone here at the Vue.ai\u00ae headquarters. We&#8217;ve raised $17M in a Series B led by Falcon Edge Capital, with participation from existing investors Sequoia and Global Brains (KDDI Japan). At Vue.ai\u00ae, our mission is to leverage the power of Image Recognition and Data Science to help retailers grow rapidly and become 10x  &#8230;<\/p>\n","protected":false},"author":6,"featured_media":4428,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1523,1161],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Vue.ai\u00ae raises $17M in Series B | Vue.ai Blog<\/title>\n<meta name=\"description\" content=\"Discover the latest industry trends as Vue.ai secures $17M in Series B funding, driven by their goal of transforming retail using Image Recognition and Data Science. Explore how Vue.ai enables retailers to improve customer experiences, drive conversions, and reduce costs through AI-driven insights. 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