Visual product search platform Slyce raises additional $10.7 mln in funding
Visual product search platform Slyce has secured over $10.75 million in new financing. The round, which brings the Toronto-based company's total funding to date to $14.5 million, was led by Canadian investment dealer Beacon Securities. Additional investor participation came from PI Financial, Salman Partners, Harrington Global, AlphaNorth Asset Management and other private sources. The company said it plans to use investment proceeds to deliver "Amazon flow" style image recognition capability to retailers. In addition to raising initial venture capital funding in 2013, Slyce bought desktop visual search company Hovr.it, and in Feb. 2014 acquired computer vision technology developed at York University.
4 March 2014•3 mins read
