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Irisphera

Direct Message
July 6, 2024
Data is self reported
Irisphera revolutionizes fashion e-commerce with sustainable solutions and entertainment. Our AI-powered personal stylist selects outfits to enhance users' beauty while considering image consulting elements like body shape and color palette. Users can visualize how various garments appear on their 3D models, mimicking real-life situations, minimizing uncertainty, returns and lowering CO2 emissions. By mitigating returns, we also deliver financial benefits to retailers by reducing associated costs.

Achievement

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Founded in

2021

Country

Romania

Industry

AI/ML, Ecommerce, DeepTech, Fashion, Gaming, Marketing, Marketplace, Saas

Patent information

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Team

Number of founders

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Number of employees

Founder backgrounds

Exit experience

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Relevant industry experience

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Previous startup experience

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EUR / Erasmus MC or TUDelft relation

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Graduation year from EUR, Erasmus MC or TUDelft

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In the news

Investment details

Amount raising

850000

Ownership founders

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Lead investor

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Current investors

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Intended closing date

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Fundraising status

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Already committed

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Revenue Metrics

Paying customers

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Monthly active users

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Irisphera

Direct Message
July 6, 2024
Data is self reported
Irisphera revolutionizes fashion e-commerce with sustainable solutions and entertainment. Our AI-powered personal stylist selects outfits to enhance users' beauty while considering image consulting elements like body shape and color palette. Users can visualize how various garments appear on their 3D models, mimicking real-life situations, minimizing uncertainty, returns and lowering CO2 emissions. By mitigating returns, we also deliver financial benefits to retailers by reducing associated costs.

Achievement

Three years ago, at the age of 18, I won a business contest for young entrepreneurs, which led to securing a business angel who became a co-founder. Since then, our team has expanded to ten members, blending fashion expertise from reputable universities with skills in computer vision and data science from respected research institutions. Last year, our appearance on the Romanian Shark Tank resulted in a promise of 250k, and after valuable feedback from major retailers, we're now proud partners of programs like Nvidia's Inception, Microsoft for Startups, Amazon, and the Magurele Science Park. Additionally, we've been selected to join the Series AI Accelerator cohort with Seedrs and Microsoft UK. Our progress has attracted attention, including invitations to speak at Bank of Transylvania events and Romanian's biggest tech conference, DevTalks. This quarter, we're gearing up to launch one of our solutions with a Romanian enterprise, marking a significant milestone in integration. Moreover, our recent invitation to pitch at the InnovX Accelerator in Romania signals our growing traction, aiming to attract a board of advisors who can further guide our journey toward success.

Founded in

2021

Country

Romania

Province

Industry

AI/ML, Ecommerce, DeepTech, Fashion, Gaming, Marketing, Marketplace, Saas

SDGs

Quality education (SDG #4), Gender equality (SDG #5), Responsible consumption and production (SDG #12), Climate action (SDG #13), Partnerships for the goals (SDG #17)

Patent information

In the process of patent pending

Team

Number of founders

4

Number of employees

Founder backgrounds

Exit experience

Yes

Relevant industry experience

Yes

Previous startup experience

Yes

Female founder

Yes

EUR / Erasmus MC or TUDelft relation

Graduation year from EUR, Erasmus MC or TUDelft

In the news

Investment details

Amount raising

850000

Ownership founders

100% owned by founders

Lead investor

In discussions

Current investors

90000

Intended closing date

Q4

Fundraising status

Actively fundraising (brand name visible)

Already committed

250000

Revenue Metrics

Monthly revenue

pre-revenue

Monthly growth

>16%

Paying customers

0

Monthly active users

1
Irisphera revolutionizes fashion e-commerce with sustainable solutions and entertainment. Our AI-powered personal stylist selects outfits to enhance users' beauty while considering image consulting elements like body shape and color palette. Users can visualize how various garments appear on their 3D models, mimicking real-life situations, minimizing uncertainty, returns and lowering CO2 emissions. By mitigating returns, we also deliver financial benefits to retailers by reducing associated costs.
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(Data is self reported)

FINANCIAL PERFORMANCE

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INVESTMENTS

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TEAM

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Is there a founder with previous co-founder / c-level at startup experience?
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Is there a founder with previous Sector Experience?
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Is there a founder with previous Exit Experience?
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What percentage of company is owned by founders?
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Is there a women founder with at least 5% of the shares?
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Is there a founder with a EUR / Erasmus MC or TUDelft relation?
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Graduation year from EUR, Erasmus MC or TUDelft
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OTHER

Year founded
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Premium Details

(Data is self reported)

FINANCIAL PERFORMANCE

Monthly Revenue
pre-revenue
Growth rate month over month
>16%
Monthly revenue context
Number of paying customers
0
Monthly active users
1

INVESTMENTS

Do you have a lead investor?
In discussions
How much have you raised in the past?
90000
How much of this round already committed?
250000
When are you aiming to close this round?
Q4

TEAM

How much time do the founders spend on the business?
Is there a founder with previous co-founder / c-level at startup experience?
Yes
Is there a founder with previous Sector Experience?
Yes
Is there a founder with previous Exit Experience?
Yes
What percentage of company is owned by founders?
100% owned by founders
Is there a women founder with at least 5% of the shares?
Yes
Is there a founder with a EUR / Erasmus MC or TUDelft relation?
Graduation year from EUR, Erasmus MC or TUDelft

OTHER

Year founded
2021
Patent status
In the process of patent pending

Basic details

Amount raising
850000
Country
Romania
Industry
AI/ML, Ecommerce, DeepTech, Fashion, Gaming, Marketing, Marketplace, Saas
Founders
linkedin profile of founderlinkedin profile of founderlinkedin profile of founder
Last updated:
July 6, 2024

Key Achievements

  • Three years ago, at the age of 18, I won a business contest for young entrepreneurs, which led to securing a business angel who became a co-founder. Since then, our team has expanded to ten members, blending fashion expertise from reputable universities with skills in computer vision and data science from respected research institutions. Last year, our appearance on the Romanian Shark Tank resulted in a promise of 250k, and after valuable feedback from major retailers, we're now proud partners of programs like Nvidia's Inception, Microsoft for Startups, Amazon, and the Magurele Science Park. Additionally, we've been selected to join the Series AI Accelerator cohort with Seedrs and Microsoft UK. Our progress has attracted attention, including invitations to speak at Bank of Transylvania events and Romanian's biggest tech conference, DevTalks. This quarter, we're gearing up to launch one of our solutions with a Romanian enterprise, marking a significant milestone in integration. Moreover, our recent invitation to pitch at the InnovX Accelerator in Romania signals our growing traction, aiming to attract a board of advisors who can further guide our journey toward success.

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