Miros, a Tallinn, Estonia-based image analysis company, has raised €6 million in pre-Series A funding, bringing its total funding to €8 million.
Investors
The round was led by EBRD Venture Capital and Tera Ventures, with former Estonian President Toomas Hendrik Ilves participating as an angel investor.
EBRD Venture Capital is the venture investing arm of the European Bank for Reconstruction and Development. EBRD VC is dedicated to supporting entrepreneurs with the vision, ambition, and technology to build global leaders. They invest in both early and growth-stage ventures, with investments ranging from €2 to €25 million.
Tera Ventures is an Estonian venture capital firm that invests in early-stage, born-global digital startups. They are currently investing from their second fund of €45 million. Based in Estonia, Tera Ventures also invests in Denmark, Sweden, Finland, Latvia, Lithuania, Poland, and the Czech Republic.
Miros Use of Funds
This funding will support R&D, technology development, and market expansion. Miros aims to enhance product discovery and conversion rates through AI-driven visual search.
About Miros
Miros provides an AI-powered search and discovery solution tailored for e-commerce, especially in visually-driven sectors like fashion and furniture. The company’s software uses advanced image analysis and AI to profile individual consumer preferences, helping retailers improve product discovery and increase conversion rates. Miros is headquartered in Tallinn, with teams in London and Lisbon, and has partnerships with SAP, Nvidia, and PwC.
Funding Details
Company: Miros OÜ
Raised: €6.0M
Round: Pre-Series A
Funding Date: November 2024
Lead Investors: EBRD Venture Capital, Tera Ventures
Additional Investors: Toomas Hendrik Ilves
Company Website: https://miros.ai/
Software Category: AI Search and Discovery Solution
Source: https://tech.eu/2024/11/05/miros-raises-6m-to-profile-customers-tastes-using-image-analysis/