Slyce

Slyce Inc.
TypePrivate
IndustryVisual search recognition technology
Founders
  • Cameron Chell
  • Erika Racicot, COO
  • Mark Elfenbein, CEO
Headquarters
Philadelphia, Pennsylvania
,
USA
Area served
International
Key people
Ted Mann, CEO
Products
Services
  • Visual Relevancy Engine
  • Tag and Display
Websiteslyce.it

Slyce Inc. is a visual search and recognition company headquartered in Philadelphia, Pennsylvania, with operations in New Waterford, Nova Scotia. The company developed image recognition technology that can identify products based on a picture and allow the user to purchase the item on their smartphone.[1] The company has partnered with a number of retailers in the United States and Europe to operate its technology inside their mobile applications,[2][3][4] including Neiman Marcus,[5] Best Buy,[6] and Home Depot.[7] The company also operates two other mobile apps, Craves,[8] and SnipSnap.[9]

Slyce traded publicly on the TSX Venture Exchange market.[2] In January 2017, its assets were acquired by Anzu Partners, a venture capital firm, for an undisclosed sum, and taken private.[10]

History

Slyce was founded by Cameron Chell and Erika Racicot[11] in January 2012 through their business consulting firm that they founded together, Business Instincts.[12][13][14] The company was originally located in Calgary, Alberta, but later moved the headquarters to Toronto, Ontario, with additional offices in Calgary, New Waterford, Nova Scotia and Minneapolis, Minnesota.[15]

By early 2014, Mark Elfenbein was the president and CEO of Slyce [16] and generated $10.75 million in its Series A round of funding.,[17][18][19] followed by an additional $12 million Series B round of funding in 2014 [20] In April 2014, Slyce announced it was going public through an amalgamation agreement with Oculus Ventures.[18][21] Later in the year, Slyce acquired Tel Aviv-based BuyCode, a mobile app development company, for its Pounce shopping app technology.[22][23] Slyce also acquired Minneapolis app developer Drivetrain Agency.[21] After the acquisitions, Drivetrain CEO Dan Grigsby joined Slyce as chief technology officer,[2] and BuyCode CEO Avital Yachin joined as chief product officer.[22]

In April 2016, Ted Mann, President of Slyce's Consumer App Group, and former founder and CEO of SnipSnap, took over as Slyce's CEO.[24] In January, 2017, the company's assets were acquired by Anzu Partners, a venture capital firm, for an undisclosed sum, the company was taken private,[10] and its headquarters was officially moved to Philadelphia.

In November 2020, Slyce has partnered with Catchoom and Humai. This collaboration is to provide solutions for retail environments.[25]

Platform

Slyce develops visual search and recognition technology for larger retailers to use on their brand's websites and mobile applications.[19] The company works with six of the top 20 retailers in the United States,[26][27] including Neiman Marcus.[28][29] The visual search technology that Slyce developed uses pictures of products to determine what kind of product it is and then analyzes the subject based on a schema according to the type of product and its attributes. Slyce is often referred to as "The Shazam for shopping."[19][30][31]

Products

Slyce has produced several products and services, including the Snap-to-Buy product recognition platform. Snap-to-Buy can be integrated into a retailer's existing website to identify products. The application takes the user to the website to purchase identified products.[4][22] Slyce has also developed visual search recognition technology, such as the Visual Relevancy Engine, which compares the attributes of a product and delivers products that are similar, and a service that can identify products from pictures on social media sites like Facebook or Instagram.[31][32]

References

  1. ^ Erika Racicot (16 December 2013). "Slyce's visual search platform cuts down on the steps from see-to-buy for retailers". StartUp Beat. Retrieved 2 January 2015.
  2. ^ a b c Katharine Grayson (21 October 2014). "App developer Drivetrain sold to image-based shopping tech company Slyce". Minneapolis/St. Paul Business Journal. Retrieved 2 January 2015.
  3. ^ Ronald Barba (7 April 2014). "Can Slyce Take Down Amazon Flow in Image Recognition Shopping?". Tech Cocktail. Retrieved 2 January 2015.
  4. ^ a b Ivor Tossell (17 March 2014). "Slyce lets users instantly identify and purchase items using smartphones". The Globe and Mail. Retrieved 2 January 2015.
  5. ^ Candice So (28 October 2014). "Slyce and Neiman Marcus partner for fashion-forward visual search". IT Business. Retrieved 2 January 2015.
  6. ^ "Slyce.it".
  7. ^ "Home Depot's Visual Search Is Center Stage on Mobile App".
  8. ^ "Craves.io".
  9. ^ "SnipSnap.it".
  10. ^ a b "Penny stock no more: Slyce goes private".
  11. ^ Jenn Egroff (27 October 2014). "Launch Party "Where Are They Now?!" – Slyce". Startup Calgary. Retrieved 2 January 2015.
  12. ^ "Toronto-Based Slyce Raises $6 Million To Help You Shop". Serious Startups. 13 December 2013. Retrieved 2 January 2015.
  13. ^ Amy Dusto (25 June 2013). "Shopping with a mobile device's camera". Internet Retailer. Retrieved 2 January 2015.
  14. ^ Danny Bradbury (25 February 2013). "Why some entrepreneurs are abandoning the U.S. to set up shop in Canada". Financial Post. Retrieved 2 January 2015.
  15. ^ "Careers". Slyce. Retrieved 2 January 2015.
  16. ^ "Slyce CEO Mark Elfenbein talks to Cantech Letter". Cantech Letter. 2015-10-20. Retrieved 2020-07-18.
  17. ^ "Image Recognition Startup Slyce Raises $10.75M To Be The Amazon Flow For Everyone Else". TechCrunch. Retrieved 2020-07-18.
  18. ^ a b "Canadian Startup Turns to TSX After $11 Million Raise". Tech Vibes. 22 April 2014. Retrieved 2 January 2015.
  19. ^ a b c Seth Fiegerman (4 March 2014). "Is a True Shazam-for-Shopping App Within Reach?". Mashable. Retrieved 2 January 2015.
  20. ^ Young, Vicki M. (2014-06-24). "Slyce Secures $12M in Series B Funding". WWD. Retrieved 2020-07-18.
  21. ^ a b Nick Waddell (23 October 2014). "Slyce is one of my top picks, says StoneCastle's Campbell". Cantech Letter. Retrieved 2 January 2015.
  22. ^ a b c Sarah Perez (16 September 2014). "Visual Search Company Slyce Buys Pounce For $5M To Build "Amazon Firefly" For The Rest Of Retail". TechCrunch. Retrieved 2 January 2015.
  23. ^ "Slyce Acquires BuyCode for US$5M". FinSMEs. 17 October 2014. Retrieved 2 January 2015.
  24. ^ "LinkedIn".
  25. ^ Mcneil, Greg (16 November 2020). "Slyce merger could mean growth in New Waterford". Cape Breton Post. Retrieved 19 November 2020.
  26. ^ Rebecca Thomson (9 October 2014). "Start-up of the week: Visual search platform Slyce". Retail Week. Retrieved 2 January 2015.
  27. ^ Deborah Tuff (30 October 2014). "Introducing Slyce, an impulsive buyer's dream". KSHB. Retrieved 2 January 2015.
  28. ^ Danielle Abril (28 October 2014). "Neiman Marcus partners with startup for 3D visual fashion search". Dallas Business Journal. Retrieved 2 January 2015.
  29. ^ Ian Henry. "Slyce Partners with Neiman Marcus with 'Snap. Find. Shop'". Betakit. Retrieved 2 January 2015.
  30. ^ Deborah Tuff (30 October 2014). "Introducing Slyce, an impulsive buyer's dream". ABC7 Denver. Retrieved 2 January 2015.
  31. ^ a b Ashley Paintsil (27 May 2014). "Meet Slyce: The 'Shazam for Fashion'". FashInvest. Retrieved 2 January 2015.
  32. ^ Natasha Baker (17 May 2014). "Apps aid fashionistas in tracking down desired clothing, shoes". Reuters. Archived from the original on September 11, 2016. Retrieved 2 January 2015.

Content Disclaimer

Informasi ini disarikan dari Wikipedia dan disajikan kembali untuk tujuan edukasi. Konten tersedia di bawah lisensi CC BY-SA 3.0. Kami tidak bertanggung jawab atas ketidakakuratan data yang bersumber dari kontribusi publik tersebut.

  1. The information displayed on this website is sourced in part or in whole from Wikipedia and has been adapted for the purpose of restating it. We strive to provide accurate and relevant information, however:
  2. There is no guarantee of absolute accuracy. Wikipedia is an open, collaborative project that can be edited by anyone, so information is subject to change.
  3. It is not intended to constitute professional advice. The content displayed is for informational and educational purposes only. For important decisions (e.g., medical, legal, or financial), please consult a professional.
  4. Content copyright. Wikipedia is licensed under the Creative Commons Attribution-ShareAlike License (CC BY-SA). This means that content may be reused with appropriate attribution and shared under a similar license.
  5. Responsible use. Any risk arising from the use of information from this website is entirely the responsibility of the user.