Depict AI secured $2.7M in funding from EQT Ventures, Northzone and Initialized Capital.
Depict AI, a Stockholm, Sweden-based SAAS developer for product recommendations for any e-commerce store, announced that it raised $2.7M in capital funding.
Depict AI, founded in 2019 by a (then) 17 years old Oliver Edholm and Anton Osika, built a software tool that provides Amazon-quality product recommendations for any e-commerce store. The solution uses an algorithm that can increase the overall e-commerce revenue by 4-6% for any store without needing any sales data at all.
Depict was part of Y Combinator in the summer of 2020.