About renovai
renovai is a company based in Brooklyn (United States) founded in 2018 by Alon Gilady.. renovai has raised $3.81 million across 2 funding rounds from investors including Temple & Webster, Verstra Ventures and Alchemist Accelerator. renovai offers products and services including Product Recommendations, Visual Content Creation, Visual Search & Discovery, Marketing Personalization, and In-Store Digitization. renovai operates in a competitive market with competitors including Stylitics, EveoAI, Mirrorsize, ShoeAI and Lookerz, among others.
- Headquarter Brooklyn, United States
- Founders Alon Gilady
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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
$3.81 M (USD)
in 2 rounds
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Latest Funding Round
$3.7 M (USD), Seed
Aug 04, 2021
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Investors
Temple & Webster
& 4 more
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Employee Count
Employee Count
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Products & Services of renovai
renovai offers a comprehensive portfolio of products and services, including Product Recommendations, Visual Content Creation, Visual Search & Discovery, Marketing Personalization, and In-Store Digitization. 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.
Real-time contextual recommendations to drive e-commerce conversions.
Simplifies product visualization and immersive experiences for brands.
Enables hyper-personalized product matching in online shopping.
Creates targeted campaigns for brand identity and customer retention.
Modernizes in-store experiences with digital tools for sales reps.
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Funding Insights of renovai
renovai has successfully raised a total of $3.81M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $3.7 million completed in August 2021. 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 2
- Last Round Seed — $3.7M
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First Round
First Round
(01 Apr 2019)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Aug, 2021 | Amount | Seed - renovai | Valuation | Verstra Ventures , Temple & Webster | |
| Apr, 2019 | Amount | Seed - renovai | Valuation | FUSION |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 renovai
renovai has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Temple & Webster, Verstra Ventures and Alchemist Accelerator. 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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Enterprise startups are accelerated via a 6-month program.
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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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 renovai
| 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 - renovai
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Renovai Comparisons
Competitors of renovai
renovai 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 Stylitics, EveoAI, Mirrorsize, ShoeAI and Lookerz, 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 |
Tech enabler offering AI-based personal styling solutions for fashion businesses
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| domain | founded_year | HQ Location |
AI-based virtual clothing visualization solutions are provided.
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| domain | founded_year | HQ Location |
Offers AI-powered 3D scanning for precise body measurements in fashion and health sectors.
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| domain | founded_year | HQ Location |
AI-based personalized shoe recommendations are offered to e-commerce stores.
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| domain | founded_year | HQ Location |
SaaS-based AI stylist software is provided for fashion 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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Latest news on Renovai
Frequently Asked Questions about renovai
When was renovai founded?
renovai was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is renovai located?
renovai is headquartered in Brooklyn, United States. It is registered at Brooklyn, New York, United States.
Who is the current CEO of renovai?
Alon Gilady is the current CEO of renovai. They have also founded this company.
Is renovai a funded company?
renovai is a funded company, having raised a total of $3.81M across 2 funding rounds to date. The company's 1st funding round was a Seed of $110K, raised on Apr 01, 2019.
What does renovai do?
RenovAI was founded in 2018 in Brooklyn, United States, as a provider of AI-driven software focused on visual interior design. Virtual visual effects are utilized by users to create interior layouts, with integration available for shopping sites to enable product visualization. Additional services encompass visual content generation, search functionalities, and shopping solutions within the interior design sector.
Who are the top competitors of renovai?
What products or services does renovai offer?
renovai offers Product Recommendations, Visual Content Creation, Visual Search & Discovery, Marketing Personalization, and In-Store Digitization.
Who are renovai's investors?
renovai has 5 investors. Key investors include Temple & Webster, Verstra Ventures, Alchemist Accelerator, NGN Partners, and Fusion VC.