Stylitics acquires visual AI solutions company Wide Eyes
Stylitics announced on Tuesday the acquisition of Barcelona-based Wide Eyes.
Through the acquisition, Wide Eyes, a visual AI solution for fashion and retail, will enhance Stylitics inspirational commerce platform with image recognition and artificial intelligence technology that drives easier product discovery and faster conversion.
The platform was built to make all visual content shoppable with visual search and image-based shopping, expanding Stylitics’s automated styling and bundling solutions for global retailers. Stylitics works with top global fashion, apparel, footwear, accessories, and home furnishings brands, including Macy’s, Kohl’s, Room & Board, RevolvePuma
“Wide Eyes’ AI systems and computer vision technology are based on several years of cutting-edge R&D, and are widely used by many of Europe’s top retailers,” said Rohan Deuskar, founder and chief executive officer, Stylitics.
“We’re excited to bring these advanced capabilities and benefits to our retail customers and their shoppers, and look forward to sharing several feature expansions later this fall.”
The deal also expands Stylitics’ presence in Europe and the UK, adding local teams in Spain to service growth with retail industry clients across the EU.
As part of the acquisition, the Wide Eyes team of engineers and customer success professionals in Spain will join Stylitics. chief executive officer and co-founder, Luis Manent and other key executives will equally join the company’s leadership team.
“We share the same vision for the use of AI and advanced image technology to help brands build better shopping experiences for customers that are more personal, interactive and responsive. This is especially important as a majority of consumers today want to make purchases based on visual searches,” said Manent.
“I am very excited about the opportunities we now have as part of Stylitics to further advance our technology and bring next gen AI visual solutions to the best retailers in the world.”
To date, Stylitics has driven more than $4 billion in incremental revenue for its customers. The platform includes the leading solution to build outfits and product bundling at scale.
