Avametric, Inc.
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Avametric, Inc. - overview
Established
2012
Location
San Francisco, CA, US
Primary Industry
Internet
About
Avametric, Inc. specializes in 3D visualization technology, offering solutions that enhance the online shopping experience through realistic garment fitting and virtual try-ons, catering primarily to the fashion retail sector. Founded in 2012, Avametric, Inc. is based in San Francisco, US, and provides advanced 3D visualization technology that revolutionizes online garment fitting.
The company was acquired by Gerber Technology LLC, a portfolio company of American Industrial Partners, in October 2018. The latest funding of USD 10. 50 mn came through a Series A round led by Khosla Ventures, bringing the total amount raised to USD 10. 50 mn.
Avametric, Inc. offers innovative 3D visualization solutions designed for the fashion industry, enabling customers to virtually try on garments before making a purchase. Their technology integrates seamlessly into retail platforms, providing a realistic fitting experience through advanced algorithms and detailed fabric simulations. This service is targeted at retail brands looking to increase customer engagement and minimize return rates by enhancing the online shopping experience.
Avametric, Inc. generates revenue through partnerships with clothing retailers, providing subscription-based access to its 3D visualization technology. Clients typically engage in recurring payments for ongoing service access, which may include premium features and updates. The company's revenue model focuses on enhancing the online shopping experience, which allows for a flexible transaction structure tailored to various retail needs.
Looking ahead, Avametric, Inc. plans to expand its technology offerings by developing new products aimed at improving customer interaction and engagement in e-commerce. The company is targeting further penetration into the North American and European markets by late 2022. The recent funding from the Series A round will be allocated towards research and development for these upcoming products, as well as marketing efforts to boost their presence in these key regions.
Current Investors
American Industrial Partners, Gerber Technology LLC
Primary Industry
Internet
Sub Industries
Clothing Stores, Web Applications, Analytics & Performance Software, Multimedia & Graphics, Music & Video Streaming Software
Website
www.avametric.com
Verticals
Augmented Reality (AR), E-commerce
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Avametric, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | Avametric, Inc. | - |
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Avametric, Inc. - employee data
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