• Founded in 2018 by Svetlana Kordumova, a PhD in AI and Computer vision from the University of Amsterdam, Pixyle develops AI-based platform that helps fashion retailers with image recognition solutions to deliver a better online shopping experience, boost e-commerce sales, and improve efficiency in catalog management.
• Pixyle AI solution generates tags which can be easily absorbed into a retailer’s existing e-commerce stack, making their search, and discovery platform run seamlessly and faster.

“In search, understanding customers’ shopping intent is vital. We are laser focused on this, using neural networks that train Pixyle’s AI algorithms to see and interpret images exactly how humans would. We’re trying to make online shopping as frictionless as possible, and hopefully a bit more fun and enjoyable, by letting people easily find what they are really looking for,”

Svetlana Kordumova, founder and CEO of Pixyle AI commented.

• Pixyle AI has offices in Amsterdam and North-Macedonia, among its clients are Tendam, Otrium, and Miinto. Since launching Pixyle AI has tagged over 250 million images, improving the relevance and accuracy of product attributes with 95% accuracy, and increasing conversions by 10% on average.
• The fresh round was led by Serbian South Central Ventures that focuses on early-stage high-growth companies operating in fintech, agritech, advertising technology, SaaS, and has offices in Belgrade, Zagreb and Skopje. The fund’s ticket is up to €5 million.
• Pixyle AI will spend the fresh investment to further expand its geographic reach, enhance the product offering, and move into new verticals.

1. GitLab

Founded: In 2014 by Dmitriy Zaporozhets and Sytse Sijbrandij

Valuation: €2.5B

GitLab is an open core company, which develops an open-source, code-collaboration platform. It offers git repository management, code reviews, issue tracking, wikis, and more, along with continuous integration and deployment tools, enabling users to create, review and deploy codes.

2. Picnic

Founded: In 2015 by Frederik Nieuwenhuys, Joris Beckers, and Michiel Muller

Valuation: €800M

Picnic operates an online platform and an app created to provide grocery supermarket services at low prices. The startup targets middle-income shoppers and is the first to offer free delivery of groceries in the Netherlands.

3. WeTransfer 

Founded: In 2009 by Bas Beerens, Rinke Visser, and Ronald Hans

Valuation: €140-€210M

Founded as a file-sharing service, WeTransfer has also developed additional tools for the creative community, such as the app for saving and sharing Collect, the immersive sketching tool Paper, and the collaborative presentation tool Paste.

4. MessageBird

Founded: In 2011 by Adriaan Mol and Robert Vis

Valuation: €218-€327M

MessageBird is a developer of customer service software that is aimed to simplify the omnichannel customer communications. It already connects over 15,000 enterprises to their global customers through SMS, Voice and Chat APIs on channels like Live Chat, WhatsApp, Voice.

5. Dott

Founded: In 2018 by Henri Moissinac and Maxim Romain

Valuation: €120-€180M

Dott is a micromobility startup that offers dockless, shared electrical scooters, and bikes as alternatives for short-distance travel. Currently, it operates in Germany, Belgium, France and Italy with plans to expand to the UK. 

6. bunq

Founded: In 2012 by Ali Niknam

Valuation: €40-€60M

Bunq is a sustainable challenger bank that calls itself as the Bank of The Free because of its aim to give its users full control of their money. Providing typical banking services, the fintech, however, does not offer a credit line. Bunq is currently running in 30 European markets.