What is Depict?
Founded in 2019 and headquartered in Stockholm, Sweden, Depict.ai operates within the artificial intelligence sector, specializing in providing advanced product recommendation platform solutions. The company leverages AI to enhance user experience and drive sales for businesses by offering personalized product suggestions. Its focus on AI-driven recommendations places it at the forefront of e-commerce and customer engagement technology.
How much funding has Depict raised?
Depict has raised a total of $17M across 1 funding round:
Series A
$17M
Series A (2022): $17M with participation from Tiger Global Management, EQT Ventures, Initialized Capital, Y Combinator, Fredrik Hjelm, and Johannes Schildt
Key Investors in Depict
Tiger Global Management
Tiger Global Management is an investment firm that deploys capital across both public and private markets, known for its significant investments in technology companies.
EQT Ventures
EQT Ventures is a venture capital firm that invests in technology companies, likely focusing on early to growth-stage businesses with disruptive potential.
Initialized Capital
Initialized Capital is a venture capital firm that supports seed-stage founders across various technology sectors, including AI and enterprise SaaS, indicating a focus on early-stage innovation.
What's next for Depict?
With the recent major strategic investment, Depict is poised to accelerate its product development and scale its operations. The substantial enterprise-level funding suggests a focus on expanding its market reach, enhancing its AI capabilities, and potentially exploring new verticals for its recommendation engine. This capital infusion is expected to fuel innovation and solidify its competitive position in the AI and e-commerce technology landscape.
See full Depict company page
