Memomi

Memomi is a company engaged in the development of smart mirror software that is changing the shopping market.

History

2022: Walmart bought Memomi

On June 29, 2022, Walmart bought the developer of the Memomi virtual eyewear fitting service. The company did not disclose the value of the transaction.

Although Memomi's website says that the technology can be used in other categories of products besides optics, including beauty, fashion, accessories, shoes and more. The company declined to comment on its future plans to use the service in these areas. Instead, the retailer said Walmart is only focused on harnessing Memomi's capabilities in virtual optics fitting.

Walmart bought Memomi

In acquiring Memomi, a Walmart spokesman said that interest was shown in both technology and the team. Memomi co-founders Salvador Nissi Wilczowski and Ofer Saban will join Walmart, as will other team members, when the deal officially closes before the end of July 2022, after regulatory approval. While the founders' new official positions are not yet known, Memomi's team will join Walmart's Global Tech team.

{{quote 'Customers are looking for access to services in digital format, at home, and buying glasses is no exception! This acquisition supports our Health & Wellness mission to provide affordable services to the population we serve. We are excited to welcome the Memomi team to Walmart and add their capabilities to our leading virtual reality technology that is transforming the retail experience for our customers and members, "said Walmart Health & Wellness Vice President of Specialty Services David Reitnauer. }} Walmart described the deal as the next step in providing personalized and affordable access to optics online. By bringing in its technology partner, the company can also work more closely with the team on future developments and integrations, even if they are limited to online optics.^[1]

Notes