Vizit, a Boston, MA-based visual AI software for global brands and retailers, has raised a $25 million Series B funding.
Investors
The round was led by Industry Ventures, with participation from existing investors, including Infinity Ventures, Brand Foundry Ventures, and Lakefront Partners, as well as new investments from eGateway Capital, Highmount Capital, AI-focused fund Lightscape Partners, B37, Stage 1 Ventures, and Roll Tack Ventures, along with many prominent CPG, retail, and technology executives.
Founded in 2000, Industry Ventures is a leading venture capital platform with over $7 billion in committed capital under management. Industry Ventures invests across the technology growth lifecycle, from early-stage to buyout, through complementary fund strategies and a flexible approach. The firm is headquartered in San Francisco, with additional offices in Washington, DC, and London.
Vizit Use of Funds
The new capital will be used to expand Vizit's platform capabilities and reach new markets, reinforcing its position as a leader in Visual AI.
About Vizit
Vizit provides a visual AI platform for digital commerce. Its platform is designed to transform how companies create, measure, and optimize visual content, boosting engagement and driving sales. Vizit empowers brands and retailers to deliver high-impact visuals that resonate with audiences and maximize results. The company has worked with notable clients, including Mars, Heineken, and Ghirardelli.
Funding Details
Company: Vizit Labs Inc.
Raised: $25.0M
Round: Series B
Funding Date: October 2024
Lead Investor: Industry Ventures
Additional Investors: Infinity Ventures, Brand Foundry Ventures, Lakefront Partners, eGateway Capital, Highmount Capital, Lightscape Partners, B37, Stage 1 Ventures, Roll Tack Ventures
Company Website: https://www.vizit.com/
Software Category: Visual AI
Source:https://www.businesswire.com/news/home/20241002832204/en/Vizit