Visual Search Platform Slyce Takes In $10.75M in Funding
March 05, 2014
Slyce, a visual product search platform, has closed on $10.75 million in new funding led by Beacon Securities, with participation from PI Financial, Salman Partners, Harrington Global, AlphaNorth Asset Management and other investors. The Slyce technology enables a retailer’s customer to snap a smartphone picture of any item they find in the real world, or hover over any image online, and be provided with all direct or close-matching products from the retailer’s inventory, which can be purchased instantly.
The Slyce image recognition technology integrates into existing retailer apps and doesn’t require packaging or logos to recognize products in real environments. The new investment brings the company's total funding to about $14.5 million, including a 2013 $3.75 million seed round.