nyris wins IKEA as a new InvestorPORTFOLIO NEWS
The investment will allow nyris to continue developing their highly performant visual search platform and set the next level of vision AI products.
IKEA stands for operational excellence that leads to sustainable and stable company growth as no one else worldwide. Being part of the journey that drives this operational excellence, makes all of us at nyris very proud and happy. Our goal is to make visual search and discovery a unique and engaging experience for everyone.
Anna Lukasson, CEO and Co-founder, nyris GmbH
The intelligent technology of nyris will improve the online shopping experience at IKEA. Customers can already today experience the nyris technology in the IKEA Place app, providing intelligent responsive information back to the customer based on its requests and commands.
“Each and everyone of us has some IKEA product around us and so it is becoming part of everyday life. Having won IKEA as a trusted partner is a big achievement for the nyris team. It will help the company on its journey to give search the power of sight on a global scale.” – Dirk Seewald, Partner at eCAPITAL, nyris lead investor.
Nyris technology is not only being used for improving the customer experience but also becoming the basis for state-of-the-art and highly effective logistics and industrial services processes. Warehouses use nyris visual search for more accurate and faster inventory management and all parties along the value chain can utilize the technology for more efficient quality control processes.
“This investment will enable new solutions for co-workers and partners to support them in their daily work using the opportunities with the deep tech of visual intelligence throughout the IKEA integrated value chain.” – Per Krokstäde, Innovation & Strategic Partnership Manager at Inter IKEA Systems B.V.
About nyris GmbH
Nyris GmbH offers a unique solution for image and object recognition based on multiple artificial intelligence frameworks. This unique concept leads to very accurate results, which are shown in less than one second regarding 1D (codes), 2D (print2web) and 3D (real products). The solution is offered for retail and industry customers as software-as-a-service. To learn more visit: www.nyris.io
eCAPITAL is a venture capital firm that provides early to growth stage funding to technology companies in the fields of software & information technology, cybersecurity, industry 4.0, new materials and cleantech. Founded in 1999, eCAPITAL has a history of supporting entrepreneurs determined to build companies with lasting significance. Partnering with eCAPITAL means joining an international network of business leaders, entrepreneurs, technologists and potential partners. eCAPITAL is located in Germany, currently manages funds with over EUR 220 million under management and was lead investor of some very successful German exits like sonnen or Novaled. For more information, visit https://ecapital.vc/.
IKEA offers well-designed, functional, and affordable, high-quality home furnishing, produced with care for people and the environment. There are several companies with different owners, working under the IKEA Brand, all sharing the same vision: to create a better everyday life for the many people. IKEA was founded in Sweden in 1943. In the Range & Supply business, IKEA of Sweden AB is responsible for developing, designing and producing home furnishing solutions to address the everyday needs of the many people. For more information: