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Vizit Raises $25M in Series B Funding Led by Industry Ventures to Power the Future of E-Commerce with Its Patented Visual AI Software Platform

Vizit Raises $25M in Series B Funding Led by Industry Ventures to Power the Future of E-Commerce with Its Patented Visual AI Software Platform

October 9, 2024 Craig Etkin

October 02, 2024 07:30 AM Eastern Daylight Time

BOSTON–(BUSINESS WIRE)–Vizit, the pioneering leader in Visual AI software for global brands and retailers, today announced a $25 Million Series B round led by Industry Ventures to accelerate Vizit’s mission to use Visual AI to completely transform how brands connect with their audiences all over the world using visual content.

“Vizit’s growth trajectory and leadership in transforming how brands analyze, measure, and optimize visual content make them an exciting partner for us. We’re confident in Vizit’s ability to not only reshape the future of e-commerce but to revolutionize the way business is done through AI-driven visual intelligence.”Post this

A Breakthrough in Artificial Intelligence: Leveraging Visual AI to Revolutionize E-Commerce.

This Series B investment will supercharge Vizit’s growth, expanding its platform and unlocking new markets. With its patented AI that accurately interprets, measures, and predicts consumer’s visual preferences, Vizit is set to revolutionize how brands create and optimize visual content by harnessing the next major evolutionary step in artificial intelligence: Intuitive AI. By enabling deeper audience connections through precisely-optimized, data-driven visuals, Vizit is reshaping the future of digital commerce, helping brands engage their customers with content that truly converts.

Using Vizit’s proprietary Visual AI Lenses, ecommerce teams are able to optimize their visual content with unprecedented precision, driving stronger engagement and higher conversions. By leveraging AI models that develop synthetic human preferences – based on the behavioral characteristics of specific audience segments – Vizit’s technology helps its customers deliver personalized, high-converting content that resonates deeply with consumers, transforming how brands create, measure, and connect with their audiences in ways that weren’t possible before this innovation.

“We see a lot of AI companies, but Vizit stands out as a unique AI-native company with significant traction, a blue-chip customer list, a massive data moat, and patented Visual AI technology. They are leading the creation of an entirely new category, Visual AI Intelligence, and have a massive total addressable market (TAM),” said Brian Langner, Managing Director of Industry Ventures. “Vizit’s growth trajectory and leadership in transforming how brands analyze, measure, and optimize visual content make them an exciting partner for us. We’re confident in Vizit’s ability to not only reshape the future of e-commerce but to revolutionize the way business is done through AI-driven visual intelligence.”

Iconic brands like Mars, Heineken, Ghirardelli and many others are driving remarkable results with Vizit, including a 30% increase in conversions, and a 10% lift in Amazon sales after optimizing their visuals with Vizit’s platform.

“We’ve moved beyond content compliance to content that delivers performance,” said Oliver Lee, Global Creative Insights Manager at Mars. “In today’s digital-first environment, it’s no longer sufficient to simply have content in place – we need the right content. Our visual content must be precisely optimized to stand out and convert consumers at every touchpoint. Vizit’s Visual AI Platform is now a critical component of our tech stack, enabling us to predict and deliver high-impact, personalized content that drives results. Without it, we’d be missing a crucial advantage in creating and syndicating category-leading digital experiences at the speed and scale our global market demands.”

For the first time ever, Vizit’s AI “Lenses” give creatives and commerce leaders the unmatched ability to see through their audience’s eyes – in real time.

Vizit’s Visual AI platform provides a solution to a major challenge facing today’s retailers and brands: efficiently delivering attention-grabbing, attractive, and compelling visual content to digital shoppers, wherever and whenever they shop. Customers, including a wide range of Fortune 500 companies, are seeing faster time to market, improved content on the digital shelf, significantly reduced operating expenses, and rapidly increased sales tied directly to their investment in Visual AI. Ghirardelli, for example, saw a 10% increase in conversion rates on Amazon after deploying Vizit, and Mars has seen a substantial 30% increase in conversions through Vizit AI optimizations.

“At Vizit, we believe the future of content is about more than creation – it’s about connection. With our patented Visual AI technology and platform, brands can now see the world through their audience’s eyes using Vizit’s proprietary Audience Lenses, creating not just content, but experiences that deeply resonate. This groundbreaking leap in AI bridges the critical gap left by traditional tools, empowering creatives with deep intelligence that reveals exactly how their target audience will perceive, feel, and react to the visuals they create,” said Jehan Hamedi, Founder & CEO of Vizit. “This is the dawn of Intuitive AI, where machines don’t just generate content – they understand and react to it. We are redefining what’s possible by giving brands, retailers, and creatives the power to deliver visuals that truly connect, inspire, and drive action. It’s not just a new way of working – it’s a new way of seeing.”

Beyond Generative AI: The Future is Visual AI Powered by Synthetic Intuition

Vizit is at the forefront of the next AI revolution: Intuitive AI. While generative AI creates content, Vizit’s Intuitive AI enables machines to see and interpret visuals as humans do, leveraging synthetic human preferences to predict audience reactions – the backbone technology behind Vizit’s Visual AI Platform. At the heart of this technology are Vizit’s patented AI “Lenses,” which allow brands to simulate audience responses and deliver content that connects on a deeply emotional level. This groundbreaking approach is redefining how brands create, measure, and optimize their visual assets, driving more effective and personalized digital experiences.

The financing round also included continued participation from existing investors, including Infinity Ventures, Brand Foundry Ventures, and Lakefront Partners, as well as new investment from eGateway Capital, Highmount Capital, AI-focused fund Lightscape Partners, B37, Stage 1 Ventures, and Roll Tack Ventures, along with many prominent CPG, retail, and technology executives.

About Industry Ventures
Founded in 2000, Industry Ventures is a leading venture capital platform with over $7 billion of committed capital under management. Industry Ventures invests across the technology growth lifecycle from early stage to buyout, through complementary fund strategies and a flexible approach. The primary funds invest directly and via early-stage venture funds from company formation to their growth stages. The secondary and tech buyout funds help later stage companies and their direct shareholders with minority or majority liquidity solutions. The firm is headquartered in San Francisco, with additional offices in Washington, DC, and London. For more information, please visit www.industryventures.com.

About Vizit
Vizit is the award-winning leader in Visual AI, with technology that’s trusted by the world’s most iconic brands. Our patented AI platform transforms how companies create, measure, and optimize visual content, boosting engagement and driving sales. Vizit empowers brands and retailers to deliver high-impact visuals that resonate with audiences and maximize results. Recognized as a Business Insider Top 15 Technology Startup, a 2x Leading 100 Startup, a CB Insights Retail Technology 100 winner, and a Greenbook Insight Innovation Finalist, Vizit is pioneering the future of audience-aware content creation. Headquartered in Boston, we’re shaping the future of digital commerce. For more, visit www.vizit.com.

Contacts

MEDIA
Zach Galasso | DPA Communications
978.604.5423 | zach@dpacommunications.com

(c)2024 Business Wire, Inc., All rights reserved.


Venture Capital
Boston, Business Wire, Massachusetts, Venture Capital, Vizit

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TAE Technologies, the leading fusion energy company developing the cleanest and safest approach to commercial fusion power, today announced that it has raised more than $150 million in its latest funding round, exceeding the company’s initial target for the round. Chevron, Google and NEA participated in the round, among other new and existing investors. TAE has the option to raise additional capital as part of this funding round. With more than $1.3 billion in equity capital raised since inception, this latest fundraise further validates TAE’s distinctive approach to commercial fusion.

In a statement Michl Binderbauer, CEO of TAE Technologies, said: “Fusion has the potential to transform the energy landscape, providing near-limitless clean power at a time when the world’s energy needs are growing exponentially due to the growth of AI and data centers. TAE’s technology uses the soundest physics to deliver superior performance in a compact machine, with attractive economics and best-in-class maintainability. We are leading the charge to develop revolutionary fusion technology for full-scale commercial deployment.”

TAE was founded in 1998 to develop commercial fusion power with the cleanest environmental profile. The company has established itself as a leader in an industry that has the potential to transform the energy economy. Since 2014, TAE and Google Research have worked together to accelerate fusion science using cutting-edge machine learning. Google engineers worked onsite at TAE facilities to co-develop advanced plasma reconstruction algorithms, leading to significantly improved plasma lifetime and performance. Fusion is nature’s preferred source of energy. It is the same process that powers the sun and stars, and it is what makes life viable on Earth. When lighter elements fuse under immense heat and pressure, they form new elements and release a tremendous amount of energy. This process is safer than conventional nuclear power because fusion can be stopped at any time – eliminating the risk of a power plant meltdown. TAE remains singularly committed to advancing the frontiers of science and innovation to benefit humanity. With a steadfast resolve to redefine the energy landscape, TAE Technologies is at the forefront of the fusion revolution, poised to usher in a new era of sustainable and limitless power generation for a better tomorrow.
Source: http://go.intelligence360.io/ and https://intelligence360.news/

Joby Aviation, a company developing electric air taxis for commercial passenger service, announced the successful closing of the first $250 million tranche of a previously announced strategic investment from Toyota Motor Corporation. The funding marks a significant milestone in strengthening the long-term collaboration between the two companies and supports their shared vision for the future of air mobility. The investment is aimed at supporting certification and commercial production of Joby’s electric air taxi. This underscores the mutual commitment to deepening integration and delivering next generation travel to global markets. This investment also puts the two companies a step closer toward a strategic manufacturing alliance.

In a statement JoeBen Bevirt, founder and CEO of Joby said, “We’re already seeing the benefit of working with Toyota in streamlining manufacturing processes and optimizing design.” “This is an important next step in our alliance with Toyota to scale the promise of electric flight. With this capital and Toyota’s legendary production expertise, we’re enhancing our ability to scale cutting-edge design and manufacturing to meet the demands of our partners and customers.”

Joby Aviation is a California-based transportation company developing an all-electric, vertical take-off and landing air taxi which it intends to operate as part of a fast, quiet, and convenient service in cities around the world. Powered by six electric motors, their aircraft takes off and lands vertically, giving it the flexibility to serve almost any community. Flying with Joby might feel more like getting into an SUV than boarding a plane. The company's aerial ridesharing service will combine the ease of conventional ridesharing with the power of flight. A green alternative to driving that's bookable at the touch of an app. With more than 30,000 miles flown on full-scale prototype aircraft, their aircraft is designed to meet the uncompromising safety standards set by the FAA and other global aviation regulators. Joby Aviation is now engaged in a multi-year testing program with the FAA to certify their vehicle for commercial operations, and have completed the first three of five stages.
Source: http://go.intelligence360.io/ and https://intelligence360.news/

Infinite Reality, an innovation company powering the next generation of immersive media, AI, and ecommerce, today announced a landmark real estate partnership with renowned real estate investment, development and management firm Sterling Bay to co-develop a 60-acre site in Fort Lauderdale into a next-generation technology and entertainment campus. This ambitious redevelopment—expected to open in 2026—will serve as Infinite Reality’s new global headquarters and is the cornerstone of iR’s long-term real estate strategy, which begins with this flagship project in South Florida. The public-private project marks one of the largest creative economy investments in the area to date, aiming to generate more than 1,000 new jobs with an average salary of six figures and deliver long-term economic growth to the region. Located at 1400 NW 31st Avenue on the site of a remediated former Superfund property, the development features over 100,000 square feet of Class A office space for media, tech, and enterprise clients. Construction is expected to begin in early 2026, pending completion of permitting and design phases.

In a statement John Acunto, co-founder and CEO of Infinite Reality said, “This isn’t just a headquarters—it’s the heart of Infinite Reality’s future. As a proud South Florida resident, this project is deeply personal to me.” “It’s about transforming a community I love into a global hub for immersive technology and creativity. We’re building opportunity, fueling innovation, and laying the foundation for a lasting legacy. Partnering with a world-class development firm like Sterling Bay ensures that this vision is realized at the highest level—and that Fort Lauderdale becomes a defining force in the future of the digital economy.”

In addition to serving as a corporate campus, the site will include flexible spaces for retail, production, digital broadcasting, and entertainment ventures. The development also includes educational initiatives in partnership with local institutions to train and hire future talent in STEM, immersive tech, and creative production. Infinite Reality is an innovation company powering the next generation of digital media and ecommerce through spatial computing, artificial intelligence, and other immersive technologies. Infinite Reality’s suite of cutting-edge software, production, marketing services, and other capabilities empower brands and creators to craft inventive digital experiences that uplevel audience engagement, data ownership, monetization, and brand health metrics.
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