Visual search start-ups are helping companies to allow their users find their products online based on the photos of objects they are looking for. Some of this start-ups include Stylumia and Slyce that offer artificial intelligence-based solutions for smart visual shopping online. Most people face a problem when shopping online especially for fashion related products. For instance, when you try finding clothes online through search you find out that the clothes or shoes are either too large of too small or you end up not getting stuffs that are similar. Due to frustrations, many people have opted to use the old ways of visiting the stores.
Stylumia Intelligence Technology Pvt Ltd is one of the start-ups that has offered artificial intelligence-based solutions for visual search online. Slyce, on the other hand, is delivering on its promises on the visual search’s breakthrough year of 2016. With the rise in the number of customers making purchases through mobile phones, it’s about time companies progress to the next revolution in visual search. The numbers have been very promising as Walmart recently reported 70% surge in the Black-Friday sales transacted through mobiles phones.
Some of the brands embracing the idea of visual search include Neiman Marcus, ToysRus, Target, and Home Depot. Slyce has been named the company to watch by Small Cap Power in developing the image recognition technology. Equities.com, a prominent financial data and a portal for news and social network for investors, claimed that the visual search technology as developed by Slyce has surpassed most artificial intelligence ideas. Slyce is now recognized as the proven leader in visual search technology and major brands have now taken notice of the company’s growth and “landmark partnerships”.
There are multiple start-ups globally that are trying the crack the benefits of visual search technologies. Pinterest is one of the companies that has reaped the benefits of adopting visual search. In India, start-ups like iLenze acquired about $500,000 in funding and SnapShopr, which its undisclosed funding are progressing with image recognition and visual search technologies. Chennai-based Mad Street Den obtained a funding of $1.5 million in 2015, and it’s now offering a visual recommendation engine to allow users to see the relevant guidance.
The world of e-commerce is booming. Start-ups like Visenze from Singapore and various start-ups in India are setting operations in India to cater for the rising demand. Many of these start-ups have sort to cater for multiple verticals and prioritizing the consumer applications.