Singapore’s ViSenze raises .5M to bring the benefits of AI to e-commerce

There’s another round of funding for an artificial intelligence startup in Asia that’s focused on e-commerce. Fresh from a Sequoia-led investment in Mad Street Den last month, now Singapore-based ViSenze has announced a $10.5 million Series B raise.Existing investor Rakuten Ventures led the round alongside WI Harper Group and Enspire Capital. A number of other investors also participated, including SPH Media Fund, FengHe Fund Management, Raffles Venture Partners, Phillip Private Equity, and UOB Venture Management. The startup was spun out of the National University of Singapore more than three years ago and it raised a $3.5 million Series A in February 2014. ViSenze develops artificial intelligence for use in e-commerce, working with companies like Myntra in India and Zalora in Southeast Asia. Its first product was a visual search feature, and there are two new releases coming soon that will expand its focus…


Link to Full Article: Singapore’s ViSenze raises .5M to bring the benefits of AI to e-commerce