StageSeed - II | Alive
Last Raised$300K | 7 mos ago
NeuroPixel.AI is a DeepTech startup at the intersection of fashion eCommerce and computer vision. It generates synthetic human models with the ability to personalize basis size, gender, and age, as well as automate the process of cataloging apparel. NeuroPixel.AI was founded in 2020 and is based in Karnataka, India.
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ESPs containing NeuroPixel.AI
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Vendors in this market are using AI to design fashion apparel or generate synthetic models for fashion marketing and virtual try-ons.
NeuroPixel.AI named as Highflier among 6 other companies, including Bigthinx, Lalaland, and Cala.
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Research containing NeuroPixel.AI
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CB Insights Intelligence Analysts have mentioned NeuroPixel.AI in 1 CB Insights research brief, most recently on Feb 22, 2023.
Expert Collections containing NeuroPixel.AI
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
NeuroPixel.AI is included in 3 Expert Collections, including E-Commerce.
Digital Content & Synthetic Media
The Synthetic Media collection includes companies that use artificial intelligence to generate, edit, or enable digital content under all forms, including images, videos, audio, and text, among others.
This collection includes startups selling AI SaaS, using AI algorithms to develop their core products, and those developing hardware to support AI workloads.
Latest NeuroPixel.AI News
Dec 22, 2022
Deeptech SaaS startup NeuroPixel.AI has raised $825k in a Seed round led by Inflection Point Ventures, one of India’s largest angel investment platforms. Other investors in the round include Entrepreneur First, Huddle, Dexter Angels, and Rishaad Currimjee. The funds raised will be used for scaling up their R&D team to accelerate the transition of their product from beta to production, and for expanding their ‘training set’, a crucial piece of the puzzle for every machine learning algorithm. Ankur Mittal, Co-Founder, Inflection Point Ventures says, “Artificial intelligence (AI) as well as Machine Learning (ML) technologies are omnipresent across sectors where digital transformation is making inroads. Online commerce is at the forefront of this transition. As e-commerce will expand, so will the need to put up quality and realistic product pictures online. In fashion commerce it is a big part of the buyer’s purchase decision. However, it is not a seamless process and is both time-consuming and expensive, especially for SMEs and social sellers, two segments which are growing exponentially. NeuroPixel is trying to solve this problem by building a product that can transform online fashion storefronts through catalog image-based personalization and virtual try-ons, helping the average consumer make a far more informed purchase decision. It will save the businesses both time and money and will allow them to bring their products faster to the market helping them generate higher revenue and lower returns. The product has huge international appeal as well. Strong founding team, the uniqueness of the approach adopted by NeuroPixel, and their high-calibre R&D team comprising PhDs and postgraduates from the The Indian Institute of Science (IISc) were key factors influencing our decision to invest in the company.” NeuroPixel.AI was founded in late 2020 by Arvind Nair (CEO) and Amritendu Mukherjee (CTO). The venture originated at Entrepreneur First, a leading international talent investor which helps aspiring entrepreneurs find co-founders and supports them to build technology companies. The vision for the company is to solve challenging problems at the intersection of AI and E-Commerce which promises to be an action-packed space over the next few years. Esha Tiwary, General Manager at EF India, notes, “What Arvind and Amritendu are building today is a world-class, innovative, technology-led startup that can change the way consumers shop online. I’m excited to see how NeuroPixel.AI evolves and disrupts the online fashion ecosystem to pave the way for more intuitive solutions and much-needed disruption of the online customer experience. It is a matter of great pride and joy for us to see startups conceived at EF build the most impactful tech companies of the future.” NeuroPixel.AI’s first product – an AI powered cataloguing tool – will enable their clients to shoot any apparel on just a mannequin, and their technology will render the apparel on models of different sizes in different poses. In the near term, they will reduce cataloguing spends by 30%, and reduce process times by 90%. In the longer term, this technology can pave the way for catalog image-based personalization (basis size, ethnicity and age), and can also enable a high-fidelity virtual try-on solution where customers can visualize themselves in the apparel they are considering purchasing. Given that over 60% of the online purchase decision is typically attributed to catalog imagery, enabling catalog image-based personalization, which has never been done before, can result in a dramatic improvement on conversion and revenues which could make this one of the biggest growth hacking levers for fashion e-commerce over the next 5 years. Arvind Nair, Co-founder & CEO, NeuroPixel.AI, says, “We are extremely excited at the opportunity to work with IPV as we scale our young startup. Having access to such an accomplished and diverse pool of industry veterans amplifies the value of the seed investment raised many times over, and this access to industry veterans is clearly where IPV stands apart.” NeuroPixel.AI was also among the six startups selected for investment by the ISB D-Labs incubator, under their Seed support program in collaboration with The Department of Science and Technology, Government of India. The startup has also been selected into the Huddle accelerator, which will commence from the closure of this round of funding. With global spends on apparel cataloguing estimated to be roughly $7bn today and growing at 16% CAGR, and the virtual fitting room market valued at approximately $2.5bn today and growing at 25% CAGR, NeuroPixel.AI is confident of tapping into a large, high-value international market with their technology soon. Share this article:
NeuroPixel.AI Frequently Asked Questions (FAQ)
When was NeuroPixel.AI founded?
NeuroPixel.AI was founded in 2020.
Where is NeuroPixel.AI's headquarters?
NeuroPixel.AI's headquarters is located at 14th Main HSR Layout, Sector 7, Karnataka.
What is NeuroPixel.AI's latest funding round?
NeuroPixel.AI's latest funding round is Seed - II.
How much did NeuroPixel.AI raise?
NeuroPixel.AI raised a total of $1.68M.
Who are the investors of NeuroPixel.AI?
Investors of NeuroPixel.AI include Flipkart Leap, NetApp Excellerator, Entrepreneur First, Inflection Point Ventures, Huddle and 5 more.
Who are NeuroPixel.AI's competitors?
Competitors of NeuroPixel.AI include Lalaland and 8 more.
Compare NeuroPixel.AI to Competitors
BOOLV Tech provides SaaS software technology services for e-commerce clients, focusing on data and AI applications. The platform utilizes AI and marketing data for short video production and marketing services. The company was founded in 2021 and is based in Shenzhen, Guangdong.
Botika helps fashion brands and retailers diversify their visual content by automatically creating hyper-realistic visuals. Its AI-based computer vision solutions make it easy to personalize and optimize online shopping experiences. The firm was founded in 2019 and is based in Tel Aviv, Israel.
Fashable has developed AI Generated Fashion, an IP technology to provide factories, designers, brands, influencers and marketplaces with a powerful AI technology that learns from multiple sources and generates high-definition fashion images that can pass for real.
ZMO.AI is an artificial intelligence model picture solution provider located in China. It empowers fashion e-commerce and uses generation technology to solve the problem of high cost and time-consuming shooting of fast fashion models. The company uses a personalized generation of AI realistic models to help e-commerce reduce costs and increase efficiency.
Lalaland uses AI to create synthetic, photo-realistic human fashion models for eCommerce brands. This enables brands to showcase collections on diverse models that actually look like their customers. Lalaland’s platform generates models of different ethnicities, ages, and sizes with over five pose variations, offering flexibility and allowing brands to customize models according to their consumers' hairstyles and body shapes. An automated workflow combines on-mannequin product shots or 3D digital garments with AI-generated model imagery. The results are realistic, ready-to-publish model shots at scale which are created in a fraction of the time required by traditional model photograph. Lalaland was founded in 2019 and is based in Amsterdam, Netherlands.
Eva Engines offers a digital platform to fashion brands and designers to create and share product views, from a sketch, with generative AI. The platform also offers an artificial intelligence (AI) search engine for fashion brands to scout and cast models. It was founded in 2019 and is based in Paris, France.
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