About Depict AI
Depict AI is a company based in Stockholm (Sweden) founded in 2019 by Anton Osika and Oliver Edholm.. Depict AI has raised $19.95 million across 4 funding rounds from investors including Tiger Global, Initialized Capital and EQT Ventures. Depict AI offers products and services including Custom Supergrids, Automation Features, and Visualize Tool. Depict AI operates in a competitive market with competitors including Nosto, Monetate, Halla, Findmine and Certona, among others.
- Headquarter Stockholm, Sweden
- Founders Anton Osika, Oliver Edholm
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Sectors
Retail
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$19.95 M (USD)
in 4 rounds
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Latest Funding Round
$17 M (USD), Series A
Feb 24, 2022
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Investors
Tiger Global
& 7 more
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Employee Count
Employee Count
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Products & Services of Depict AI
Depict AI offers a comprehensive portfolio of products and services, including Custom Supergrids, Automation Features, and Visualize Tool. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables creation of grids for product collections via drag-and-drop.
Automates product sorting based on rules and stock status.
Provides mobile and desktop previews of e-commerce storefronts.
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Funding Insights of Depict AI
Depict AI has successfully raised a total of $19.95M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $17 million completed in February 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series A — $17.0M
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First Round
First Round
(27 Aug 2020)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Series A - Depict AI | Valuation | Tiger Global Management | |
| Jun, 2021 | Amount | Seed - Depict AI | Valuation |
investors |
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| Oct, 2020 | Amount | Series A - Depict AI | Valuation | Initialized Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Depict AI
Depict AI has secured backing from 8 investors, including venture fund and angel investors. Prominent investors backing the company include Tiger Global, Initialized Capital and EQT Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location | |
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Seed and early-stage technology investments are managed by the firm.
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Founded Year | Domain | Location | |
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Venture capital investments in technology and innovation sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Depict AI
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Depict AI
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Depict Ai Comparisons
Competitors of Depict AI
Depict AI operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Nosto, Monetate, Halla, Findmine and Certona, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Personalized product recommendations are delivered via SaaS to online retailers.
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| domain | founded_year | HQ Location |
Personalized solutions for businesses are delivered via an end-to-end platform.
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| domain | founded_year | HQ Location |
Personalized food recommendations are provided to grocery shoppers.
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| domain | founded_year | HQ Location |
Product recommendations are delivered to website buyers through SaaS.
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| domain | founded_year | HQ Location |
Real-time omnichannel personalization is delivered for retailers.
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| domain | founded_year | HQ Location |
AI personalization solutions for product recommendations are offered to businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Depict AI
When was Depict AI founded?
Depict AI was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is Depict AI located?
Depict AI is headquartered in Stockholm, Sweden.
Who is the current CEO of Depict AI?
Oliver Edholm is the current CEO of Depict AI. They have also founded this company.
Is Depict AI a funded company?
Depict AI is a funded company, having raised a total of $19.95M across 4 funding rounds to date. The company's 1st funding round was a Series A of $2.8M, raised on Aug 27, 2020.
What does Depict AI do?
Depict is a provider of an AI-based product recommendation platform for businesses. It creates create sample recommendations through its algorithm. It will be integrated into the system by updating the existing Google analyticsGoogle tag manager. It automatically runs the AB testing using Google optimize to measure the performance of the store.
Who are the top competitors of Depict AI?
What products or services does Depict AI offer?
Depict AI offers Custom Supergrids, Automation Features, and Visualize Tool.
Who are Depict AI's investors?
Depict AI has 8 investors. Key investors include Tiger Global, Initialized Capital, EQT Ventures, Y Combinator, and Northzone.