Israeli virtual interior design startup renovai has raised $3.7 million in a seed round, the company announced Wednesday.
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The round was led by Canadian tech fund Verstra Ventures and co- led by Australia's leading retailer Temple & Webster. Additional participants are Alchemist Accelerator, NGN Partners, Citrine and Fusion.
Founded in 2019 by Alon Gilady, Dr. Avner Priel and Alon Chelben, the company has 15 employees is Israel, Ukraine and the United States.
"We were impressed by the value renovai unlocks by bridging the gap between design methodology and AI abilities, generating new revenue opportunities for online furniture and homeware retailers. They have huge potential to revolutionize the way shoppers will interact with brands," said Matan Hazanov, Vice President of Verstra Ventures. "renovai's team insights into the current industry demands and end customer-centric approach makes us extremely excited to be a part of this round and see how the company will scale."
