Taiwanese company Rosetta AI, a leader in e-commerce personalisation and revenue amplification, received US $ 2.2 million from the 500 Global Flagship Fund and stole the show at Demo Day.
The new funding will be used to further develop Rosetta AI’s fashion-optimised personalisation products and help the brand expand into the US and EMEA markets.
Rosetta AI’s unique personalisation solutions have been implemented in over 2500 Asian retail stores, generating over US $ 3.5 million in gross merchandise volume (GMV). The website’s annual recurring revenue (ARR) is US $ 3.4 million per year, with the product integration promoting a growth of up to 200 per cent
The steady growth is due to the widespread use of patented predictive AI algorithms that identify unique shopper preferences and the information allows e-commerce marketers to better serve their customers by suggesting products that are both in demand and affordable and have helped increase average order size by 2.5 times.
In a recent Pre-A Plus round, Rosetta AI skipped the regional 500 Global Accelerator Taiwan event and was invited directly to the US.
As per the press release, Daniel Huang said, “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 and we’re grateful to our investors and strengthened by their confidence in us.”
