# Depictai

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/depictai

- Industry: Software
- Headquarters: Stockholm, Sweden
- Website: www.depict.ai
- Total disclosed funding: $20M
- Latest round: Series A (Feb 24, 2022)
- Investors on record: 5

## About

Based in Sweden and founded in 2019 by Oliver Edholm, Depictai AB builds a product recommendation engine for e-commerce stores. In February 2022, Depictai AB raised USD 17 million in series A funding by investors Tiger Global Management, Y Combinator, Northzone, and EQT. 

Depict.ai AB develops a recommendation search engine that collects data from across the internet through various types of sites across the web, then processes it, and then orders it to fit searches made on its customers’ sites, to produce recommendations. The recommendation engine then can be integrated into its customers’ backends through an API. The company's platform integrates with e-commerce platforms including Shopify, Salesforce, WooCommerce, ShopifyPlus, Viskan, E37, Storm, and Episerver.

The company generates revenue by charging a platform fee for the base, professional, and enterprise plans. The company charges USD 1000 per month for the base plan.

The company plans to use funds to launch its engine in Europe and the US. The company also plans to further the development of the product.

## Funding rounds

- Series A, Feb 24, 2022, $17M — EQT, Northzone, Tiger Global Management, Y Combinator
- Seed, Aug 25, 2020, $2.7M — EQT, Northzone, Y Combinator, Initialized Capital

## Investors

- EQT (https://capitalatlas.ai/funds/eqt) — Seed, Series A
- Northzone (https://capitalatlas.ai/funds/northzone) — Seed, Series A
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed, Series A
- Initialized Capital (https://capitalatlas.ai/funds/initialized-capital) — Seed
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series A