AI-Powered Image Analytics Software Recognized for Achievements in Optimizing Ecommerce Imagery Increasing Global Brand Awareness
CB Insights today named Vizit to its third-annual Retail Tech 100, showcasing the 100 most promising private retail tech companies in the world.
“This year’s Retail Tech 100 was more competitive than ever. Winners include early and mid-stage companies who are modernizing across areas such as store tech, e-commerce, loyalty & rewards, supply chain & logistics, and digital engagement,” said Brian Lee, SVP of CB Insights’ Intelligence Unit. “Through their efforts, this innovative cohort is empowering retailers with the technology to create more connected and personalized experiences, drive efficiencies, and improve profitability.”
“We’re honored to have been recognized in the retail tech industry for the way Vizit’s technology has a positive impact on global CPG leaders,” said Jehan Hamedi, Founder and CEO of Vizit. “Maximizing image effectiveness with targeted consumers is no longer nice to have. It’s transforming the way billion-dollar companies attract and convert their consumers across every channel. We’re looking forward to the evolution of ecommerce content optimization as we continue expanding our offerings and implementing our AI-powered technology to further enhance brand performance and shopper experience online.”
Utilizing the CB Insights platform, the research team selected these 100 winners from a pool of over 7,000 private companies, including applicants and nominees. They were chosen based on factors including R&D activity, proprietary Mosaic scores, market potential, business relationships, investor profile, news sentiment analysis, competitive landscape, team strength, and tech novelty. The research team also reviewed hundreds of Analyst Briefings submitted by applicants.
Vizit’s groundbreaking technology harnesses the organic interactions millions of consumers have with online commercial imagery to generate new AI-powered models of their visual preferences. These models—called Vizit Audience Lenses—give brands the ability to evaluate visual content and new concepts “through the eyes” of their target audiences in real time, ensuring the images used to represent their products are effective at capturing their desired audience’s attention, and are able to trigger conversion.
2022 was a year of growth for Vizit—most notably, the startup raised a $10M Series A round of funding led by Infinity Ventures and Brand Foundry Ventures, and added and expanded several blue-chip companies on Vizit’s customer roster, including Mars, Perrigo, Panasonic, Moen, L’Oréal, Harley-Davidson, and many others. In addition, Vizit analyzed over 1 million images for customers across hundreds of global retailers, brand domains and target audience segments using Vizit’s patented artificial intelligence software and secured its 12th patent for the transformative use of AI technology that makes it possible to predict, score, and compare the commercial effectiveness of digital images.
Quick facts on the 2023 Retail Tech:
- Equity Funding and Deals: The Retail Tech 100 cohort has raised over $5B in equity funding across more than 500 deals since the start of 2019. In 2022 alone, winners raised over $3.1B across 106 deals.
- Global Reach: This year’s winners come from 20 different countries. Fifty-six of the selected companies are headquartered in the US. The United Kingdom comes in second with 6 and China and Australia are tied for third with 5 companies each.
- Top Investors: Insight Partners is the top investor in this year’s list. It has invested in 8 of this year’s winners since 2019. Tiger Global is close behind with 7 companies, followed by Accel with 5.
About CB Insights
CB Insights builds software that enables the world’s best companies to discover, understand, and make technology decisions with confidence. By marrying data, expert insights, and work management tools, clients manage their end-to-end technology decision-making process on CB Insights. To learn more, please visit www.cbinsights.com.
About Vizit:
Vizit helps the world’s largest brands and retailers win the race for consumer attention and maximize conversion by enabling teams anywhere in the world to measure, manage, and optimize their image effectiveness and elevate visual brand performance at every step of the consumer journey. To learn more about one of the fastest-growing new AI startups in the United States, go to www.vizit.com.
