Slyce is one of the top visual search startups in the tech world. The Toronto company has raised a lot of money, and pioneered the launch of a fantastic visual search app. The company continues to raise funds as it expands a growing product line. A recent article in Yahoo! Finance shows the company had a very successful fourth-quarter of 2015.
The company has shuffled a bit of its finances, and is going forward with private placement funding of upwards of $7 million. The money is going to be used for a variety of purposes. The company has chosen to create apps outside the original scope of image recognition software, and this is a good thing. Apps associated with coupons are doing well for the company. The more successful apps the company produces (or purchases), the more successful Slyce will become.
Mobile visual search functions are going to be increased thanks to the development of a universal scanner. Retailers could end up connecting much better with customers thanks to a Slyce Link, a program designed to offer recommendations. 3D objects recognition programs takes image searches to the next level.
Slyce truly has a lot to offer customers and retailers. Various retail companies with heavy investments in online sales and marketing are turning to Slyce. Major companies with large market shares are integrating Slyce programs. Likely, these programs are going to do quite well for the retailers who take advantage of them.
2015 was a great year for Slyce. 2016 should end up to be just as eventful.