The Ukrainian startup 3DLOOK raised $ 1 million

The Ukrainian startup 3DLOOK has raised $ 1 million from a pool of investors who have already invested in the project. The founder of the company, Vadim Rogovsky, told Forbes about this. AIN.UA journalist asked for more details about the round.

Who became the investor

The leading investor was ICU Ventures financial group. Among the new participants in the round, Murat Abdrakhmanov is a venture investor from Kazakhstan, who previously announced his intention to invest $ 2 million in Ukrainian startups, as well as several other angels from the United States and Eastern Europe.

According to Vadim Rogovsky, during the pandemic, 3DLOOK began to grow much faster – the company managed to conclude a number of contracts with multibillion-dollar uniform manufacturing companies, as well as with online retail from the USA and Western Europe. Some contracts are at the signing stage.

For example, in June, we started with a public retailer from the USA, first in 200 stores, then we plan to launch in all 1000+ stores within a month.

3DLOOK provides for them a white-labeled app for sellers in stores: they take pictures of visitors in order to provide a service of completely non-contact clothing size determination. According to Rogovsky, during a pandemic, this is especially true – most retailers do not have fitting rooms in stores.

For what purpose did raise funds

Vadim Rogovsky noted that the funds received will help a startup get profit faster. The round will also allow hiring more specialists in Ukraine and the USA. In an interview with Forbes, the founder said that the company is looking for employees in the New York office.

Specialists are needed in order to integrate more quickly and start up with all enterprise clients that came to us during COVID.

What 3DLOOK does

Startup 3DLOOK is working on a technology for scanning a human body from a photo using artificial intelligence, neural networks and 3D technologies. In 2016, it was founded by Vadim Rogovsky, who previously headed Clickky.

In 2018, in an interview with AIN.UA, Rogovsky estimated the business at $ 10 million. At that time, up to $ 2 million was invested in the startup. Among the initial investments were funds from investors who believe in the promise of technology, as well as personal funds of Vadim Rogovsky. The startup later raised $ 1 million from UVentures, 500 Startups, and a number of business angels.

During the work, the company went through acceleration at Boost.vc, while receiving $ 50,000 investment for 7% in the company, and in 2019 became a resident of the largest startup campus in the world – Station F.

Source: ain.ua