Skip to main content
Category

RETAIL TECHNOLOGIES

By RETAIL TECHNOLOGIES

Sonae IM invests in StyleSage’s Series Seed $ 2 Million USD Round

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...
Read More
By RETAIL TECHNOLOGIES

Sonae IM invests in InovRetail

July 2016 RETAIL TECHNOLOGIES Sonae IM invests in InovRetail Sonae IM, Sonae’s Corporate Venture Capital, has just announced the investment in InovRetail, becoming a reference shareholder in the technology startup. InovRetail’s core business is focused on advanced analytics tools, aiming to assist retailers in improving their performance, by making more informed decisions. Sonae IM will play a decisive role in supporting InovRetail to become a global data analytics reference for retailers. InovRetail’s solutions allow retailers to adjust their offer and increase sales by processing their data, as well as in making highly reliable predictions. Moreover, these tools will create opportunities for retailers to improve their customers’ in-store experience. Over 500 reference retailers’ stores have implemented InovRetail solutions, in diverse segments such as sports, consumer electronics, fashion, food, among others. Sonae IM believes that InovRetail’s distinctive and innovative positioning, together with the quality of the management team, is key in turning...
Read More