500 Global joins $2.4m round of Taiwan fashion ecommerce firm

Rosetta.ai, a Taiwan-based fashion ecommerce startup, has raised US$2.4 million in its latest round of funding.

More funding details

• Lead investor: BroadVision founder Pehong Chen
• Returning investors: 500 Global, Artesian VC, Angel To Venture Accelerator, Loyal VC, and SOSV.
• Stage: Pre-series A

More company updates

• Rosetta.ai will use the new funds to ramp up hiring and develop its fashion-optimized personalization products.
• It personalizes product recommendations for fashion ecommerce customers using deep learning to increase order value and conversion rate.
• The startup said its business has grown 300% over the past three years.
• It also said that 1,000 ecommerce shops had seen a 2x growth in their average order value and a 3.3x increase in conversion rate, thanks to Rosetta.ai.
• The Taiwan-based analyzes consumer preferences such as color, material, and style, which it said cannot be tracked on Google Analytics.
• The startup was among the 14 companies selected by Shanghai-based Chinaccelerator, an accelerator program run by global venture capital firm SOSV.

For more coverage about the company, head here. You can also click on the link below to view the company’s key details and funding history.