# Wizard Commerce

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/wizard-commerce

- Industry: Software
- Headquarters: New York, US
- Website: www.wizard.com
- Total disclosed funding: $52M
- Latest round: Series A (Sep 2, 2021)
- Investors on record: 2

## About

Wizard Commerce Inc is an innovative technology company specializing in AI-driven online shopping solutions to enhance consumer experiences. Their platform simplifies product searches through advanced visual identification features.Wizard Commerce Inc, founded in 2021, is based in New York, US. The company developed a unique AI shopping agent aimed at alleviating the challenges of online shopping. Marc Lore and Melissa Bridgeford are noted as founders, with Bridgeford serving as the current CEO. In September 2021, Wizard raised USD 51.5 mn in a Series A funding round led by New Enterprise Associates, with participation from Accel. This investment marked the company’s first venture funding, bringing the total amount raised to USD 51.5 mn and the current valuation to USD 135.214 mn.Wizard AI offers an AI shopping platform that facilitates an efficient online shopping experience. Users can utilize the visual shopping feature by taking a picture or screenshot of a product, prompting the AI to search through extensive databases for optimal matches. The platform caters to a wide range of consumers looking for specific products such as skincare items and fitness apparel, enhancing their shopping efficiency with a personalized approach.The revenue model for Wizard AI revolves around direct-to-consumer transactions via its AI shopping platform. Customers can effortlessly find and order products through a universal checkout process. Notable offerings include the Alo Yoga Accolade Jersey Hoodie and the Lululemon Scuba Oversized Full-Zip Hoodie. The one-tap transaction system aims to improve user experience and foster customer loyalty within the competitive e-commerce sector.Following the USD 51.5 mn funding received in September 2021, Wizard Commerce Inc plans to utilize these funds to enhance its workforce in artificial intelligence, machine learning, natural language processing, sales, finance, and operations. The company aims to launch new products and expand into additional geographic markets, although specific timelines and target regions have not been disclosed.

## Funding rounds

- Series A, Sep 2, 2021, $52M — Accel, New Enterprise Associates

## Investors

- Accel (https://capitalatlas.ai/funds/accel) — Series A
- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Series A