Home / Knowledge / News / Information Technology / Fashion software company Avametric raises $10.5mn
Fashion software company Avametric raises $10.5mn
14
Mar '16
US based fashion software company Avametric has raised $10.5 million to help fund the development of its proprietary software platform.

“This includes a recent Series A funding round led by Khosla Ventures. Khosla Ventures partner Keith Rabois and Google's VP, head of project Aura, Ivy Ross,” an Avametric press release said.

“Avametric's previous seed funding was also lead by Khosla Ventures and included participation from Y-Combinator, among others,” the press release added.

Avametric provides users with incredibly accurate 3D images showing how any item of clothing will fit on their own body.

“This virtually recreated fitting room enables brands to optimise omnichannel retail experiences by creating a seamless connection between consumers and online merchandise,” Avimteric explained.

“Ecommerce is arguably one of the most important growth vehicles in retail,” said Ari Bloom, CEO of Avametric.

“With Avametric, brands can recreate the real world fitting room experience online, and offer new services to customers such as fully customised virtual look books,” Bloom too added.

Avametric's technology has been developed after its founder recognised how the same algorithms that allow a robotic car to understand its 3D environment can be used to understand the shape of a human being.

Founder David Jackson partnered with Academy Award-winning digital animator and computer scientist James O'Brien, also Avametric's co-founder to develop the company's core technology.

The company's executive bench is complemented with both technology and fashion industry experience with former Enjoy marketing head Ari Bloom serving as CEO, and fashion industry veteran Kendra Gratteri as chief customer officer.

“Avametric's technology is unmatched, and it's their uniquely qualified team that can bring their vision to life,” said Khosla partner Keith Rabois.

“We have been waiting to see these three industries, Hollywood, technology and fashion, married together in a meaningful way and Avametric is finally doing this,” Rabois informed. (AR)

Fibre2Fashion News Desk – India


Must ReadView All

Building of Ethiopian textile unit by Chinese firm starts

Textiles | On 22nd Jan 2018

Building of Ethiopian textile unit by Chinese firm starts

Chinese firm Wuxi No. 1 Cotton Mill will build a textile plant in...

India’s silk board chief stresses need to boost production

Textiles | On 22nd Jan 2018

India’s silk board chief stresses need to boost production

Silk production in India needs to be increased as inadequate...

Kenya AGOA aims doubling 2016 exports value to US by 2025

Apparel/Garments | On 22nd Jan 2018

Kenya AGOA aims doubling 2016 exports value to US by 2025

The United States Agency for International Development (USAID) Hub in ...

Interviews View All

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Top executives
Textile & apparel bodies

The mid-term review of FTP is progressive, growth oriented

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

January 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search