3DLOOK, the renowned global leader in AI-first mobile body measuring and fit solutions, has announced that it has raised US $ 6.5 million in Series A Funding – led by Almaz Capital, with participation from TMT Investments and Zubr Capital.
With this investment, the company’s total fundraising now touches US $ 11.2 million.
The investment is expected to enhance 3DLook’s US leadership team and establish new R&D laboratories in the US and Western Europe. The objective is to provide fastest and highly engaging camera-enabled personalised shopping experiences for customers.
Additionally, funds will be utilised to help deliver advanced body data analytics to enterprise firms.
3DLOOK’s mobile camera-based solutions offer personalised fit and size recommendations for online customers and body data intelligence that brands can use to create better-fitting dresses.
The technology uses a patented combination of computer vision and 3D statistical modelling to immediately measure the human body by using just two photographs.
Importantly, brands that have been using these solutions have witnessed 30 per cent decreases in return rates, with conversions increasing by 4 times year-on-year.
Retail bigwigs like Tailored Brands and 1822 Denim are amongst the leading global fashion retailers that are using 3DLOOK solutions.
With more than 100 customers across the world, 3DLOOK has seen its revenue grow by 5.6 times since April 2020.
Almaz Capital is a global VC fund that has headquarters in Silicon Valley, while Zubr Capital is a private equity fund management company, which has presence in Belarus, Ukraine, Lithuania and Poland.
TMT Investments Plc is a venture capital company that invests in fast-growing technology enterprises at an early stage with global scale ambitions.