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Visidea

Italy
Market: Artificial Intelligence
Stage of the project: Operating business

Date of last change: 19.12.2022
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Idea

Visidea is the first Visual Search and Product Recommendations plugin SAAS available for the major e-commerce platform. With our plugin e-commerce websites can increase AOV and ROI.

Current Status

MVP validated on 5 beta testers. We were starting web marketing campaigns and creating the revenue stream.

Problem or Opportunity

- E-commerce customers who use search are more willing to buy, but e-commerce websites offer a poor full-text search UX (42% of sites have issues)
- 62% of Gen-Z and Millennials prefer Visual Search for navigating websites
- Only top merchants have implemented Visual Search
- Visual Search solutions are costly because they are custom-made and SMEs can’t afford the cost

Solution (product or service)

Visidea is the first Visual Search & Recommendation SAAS plugin available in e-commerce app stores:
- Self-installing and ready-to-use (solves the cost problem)
- Solves the Gen-Z problem
- Deep learning to extract information from images (no need for human data tagging)
- Focus on fashion, jewelry, furniture and design sectors
- High scalable solution thanks to Kubernetes architecture

Business model

SAAS B2B with 3 plans:
- from 20 Euro/month to 350 Euro/month based on number of suggestions
and e-commerce shop size
- 200 Euro of average MRR
- 2.2M Euro MRR by 2026 (weighted average MRR * SOM)

Incubation/Acceleration programs accomplishment

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Idea
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