Bangalore-based artificial intelligence startup Snapshopr has raised an undisclosed amount in angel funding from top technology executives. The funding was lead by Amod Malviya, former CTO, Flipkart and saw participation from other angel investors including Pallav Nadhani, Apurva Dalal, Saran Chatterjee, Rahul Chari, Bikash Barai and Bragadish Sureshkumar.
With this funding, startup plans to double down on product innovation and continue to build out visual intelligence platform for online retailers. Earlier, the firm had announced its first investment from Amod Malviya as part of its ongoing round in September last year.
Founded by Navneet Sharma, Debashish Pattnaik and Vivek Gandhi in September 2014, Snapshopr helps its customers improve the search and discovery experience of their users using its visual search and recognition products as part of its cloud-based visual intelligence platform. Instead of using text to describe visually rich categories of items like fashion and home decor, the end users of its visual search solution can simply use images taken from their camera or uploaded from their devices for search based on visual content of the image.
“The role of AI in solving day-to-day issues is often underestimated by companies. I liked the fact that Snapshopr goes about solving these day-to-day problems that matter, instead of confining themselves to labs alone. They bring immediate value to companies, thanks to their specialised AI talent,” says Amod Malviya, ex-CTO, Flipkart.
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