October 2016 RETAIL TECHNOLOGIES Sonae IM invests in StyleSage’s Series Seed $ 2 Million USD Round Sonae IM, Sonae’s Corporate VC, invested in StyleSage, an US-based machine learning and image recognition company that delivers data-driven insights to retailers and brands to help them get ahead of competitors. Sonae IM participated in the $2 Million USD Series Seed investment round, led by US investor Trammell Venture Partners, an existing StyleSage investor, joined by other existing investors. StyleSage is a predictive analytics and real-time sales optimization platform that enables brands to price, design, and buy new products in the fashion, home and beauty sector. Every day, StyleSage pulls product data from competitors’ ecommerce websites from around the world. Then, with groundbreaking technology in machine learning and visual recognition, StyleSage cleans, organizes, and analyzes the massive amounts of collected data into a cloud-based dashboard that empowers brands and retailers to make informed, data-driven...
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