Insider Brief
- Opaliris, an AI startup specializing in virtual makeup try-on technology, has secured $2.5 million in pre-seed funding led by a Singapore-based family office with participation from Antum Capital and strategic angel investors.
- The company is developing an AI model intended to enhance the accuracy of virtual try-on experiences, aiming to provide a more confident purchasing experience for customers by improving how virtual makeup applications mirror real-life results.
- The funding will be utilized to acquire compute resources for a planned closed beta in late 2024, and for further development of the AI model to support real-time, on-device functionality.
PRESS RELEASE — GEORGE TOWN, CAYMAN ISLANDS/ACCESSWIRE/ April 17, 2024 — Opaliris, an artificial intelligence startup focused on virtual makeup try-on technology, has closed a $2.5 million pre-seed funding round. The round was led by a Singapore-based family office, with participation from Antum Capital, strategic angel investors, and other existing shareholders.
Opaliris is building AI to power the next generation of VTO experiences
Opaliris is developing an AI model that aims to outperform existing virtual try-on (VTO) solutions. This improvement will enhance the accuracy of VTO sessions, empowering customers to feel more confident when purchasing new makeup products.
The funding will primarily be used to secure compute resources to support a planned closed beta that will be launched in late 2024. Funding will also go towards distilling and tuning the model to enable real-time, on-device functionality.
About the Company — Opaliris
Opaliris was founded in 2022 and is currently operating in stealth mode. The company has been training a new AI model, aiming to produce highly realistic augmented reality results that closely mimic the actual product. They have made significant progress toward achieving this goal and have raised $4 million in total funding.
For more information, visit opaliris.app.
Media Details
Website URL: opaliris.app
Company Name: Opaliris
Contact person: Zhao Jian
Contact Email: [email protected]
Country: Cayman Islands
Source: opaliris.app
