Wizart

Belarusian startup Wizart offers business solutions based on computer vision, which, according to the developers, increase sales of finishing materials, reduce the cycles of such transactions and provide end users with a unique customer experience.

History

2022: Attraction €1.1 million

At the end of January 2022, The Untitled Ventures (one of the founders is investor Konstantin Sinyushin) invested in the Belarusian software developer for Wizart construction stores as part of a €1.1 million planting financing round. Fores Ventures, Advance Capital, Joint Journey Ventures and Smart Partnership Capital also took part in the deal.

Founded by the Russian The Untitled Ventures invested in the Belarusian developer of software for construction stores Wizart

We followed the project with great interest. The startup uses multi-level self-learning neural networks and augmented reality technologies to help digitize the market for finishing materials, which is especially important in connection with straightening the supply chain in remote trading. We hope that the funds that we invested in this project will allow him to seriously increase his presence in Europe, and this will be a good basis for its further scaling, "said Oskar Stachowiak, managing partner of Untitled Ventures.

Wizart, which as of January 2022 provides more than 1 million renders per month for 100 thousand unique users, reports that 55% of its revenues come from the markets USA and Western, and Europe only 20% from Eastern Europe. The remaining part of the company's revenue falls on South America, the Middle and Far East,. Australia The startup is trying to make a difference by using self-learning to neural networks constantly improve its offer, as well as by connecting suppliers and retailers. Wizart has partnered with wallpaper manufacturers from around the world, such as as AS Creation, Marburg Tapeten, Brewster and York Wallcoverings.^[1]

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