KDDI Corporation ("KDDI" hereafter, Headquarters: Chiyoda-ku, Tokyo, President: Makoto Takahashi) announces that it invests in Mad Street Den Inc. ("MSD" hereafter, Headquarters: USA, CEO: Ashwini Asokan) through KDDI Open Innovation Fund 2, managed by Global Brain.
MSD provides "Vue.AI" which is a one-stop Artificial Intelligence and Image Recognition platform for apparel retailers (from "big box" department stores to online marketplaces) who are experiencing drastic operational changes due to rapidly increasing penetration of online commerce. Vue.ai offers such products as data classification/ catalog data management (including AI-based automated data-tagging with attributes, titles, descriptions, drastically improving product discovery and searchability, reducing operational costs and the time required to digitize a product and go to market. The solution also makes it easier to eliminate redundancy in the catalog and provide a singular view into the entire inventory). Its marquee product is a cutting-edge human model generator which is an AI-based product generating garment-to-model images, predicting how the garment fits. Vue.ai's algorithms also analyze the extracted catalog data with user behavior and help the retailers' marketing/ product/ cataloging teams not only to automate their processes and reduce costs but also to drive conversions and to increase revenues. With the solution, fashion brands can provide their customers with a great user experience in online shopping, such as good retrieval accuracy or "AI stylist" which is an AI-based styling and outfitting solution.
At KDDI, we are a company that continues to provide excitement as we move forward with the integration of telecommunications and life design. By investing in venture companies that can deploy services on a global scale, we help generate new business to create new customer experience value.
Overview of MSD