Revieve Oy
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Revieve Oy - overview
Established
2016
Location
Helsinki, -, Finland
Primary Industry
Software
About
Based in Finland, Revieve Oy is a digital AI platform that provides innovative solutions for the beauty, health, and wellness sectors, enhancing customer engagement through advanced personalization technologies. Revieve Oy, founded in 2016, operates from its headquarters in Helsinki, Finland. The company specializes in developing AI-based applications tailored to the beauty industry. The founders, Gavin Weigh and Samuli Siivinen, have a background in technology and entrepreneurship.
Revieve has successfully raised EUR 1. 30 mn in its Series A funding round led by Business Finland and Virala Group, marking a total amount raised of EUR 1. 30 mn across three investment deals. Revieve specializes in providing AI and augmented reality (AR) solutions designed for the beauty, health, and wellness industries.
Their core offerings include the AI Skincare Advisor, AI Makeup Advisor, AI Hair Color Artist, and AI Nutrition Advisor. These products enhance customer personalization by delivering tailored product recommendations. Revieve's technology is utilized by various prominent retailers, enabling them to offer unique experiences that fulfill specific consumer needs in both retail environments and e-commerce platforms. In 2023, Revieve reported a revenue of EUR 5,750,083.
20, with an EBITDA of EUR -2,707,460. 70. The company generates revenue through subscription and partnership models, collaborating primarily with beauty brands and retailers to integrate its AI-driven recommendations and virtual try-on capabilities into their platforms. Revieve plans to expand its product offerings and market reach, with new AI solutions currently under development.
The company aims to penetrate new geographical regions including North America and Europe by the end of 2024. Recent funding from MaasInvest will be allocated towards enhancing product development and supporting entry into these new markets.
Current Investors
Business Finland, Virala Group, MaasInvest
Primary Industry
Software
Sub Industries
eMarketing/Digital Marketing, Analytics & Performance Software
Website
www.revieve.com
Verticals
Artificial Intelligence, Augmented Reality (AR)
Company Stage
Series A
Total Amount Raised
Subscriber access only
Revieve Oy - financials
| Fiscal Year Ended | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 22,244.4 | 239,919.5 | 486,903.9 | 1,404,822.9 | 3,247,290.7 | - | - | - |
| % Revenue Growth (YoY) | - | 978.6% | 102.9% | 188.5% | 131.2% | - | - | - |
| EBITDA (USD) | (238,090.7) | (289,852.7) | (343,619.3) | (64,398.2) | (1,906,305.9) | - | - | - |
| Operating Income (USD) | (251,569.6) | (313,555.2) | (403,398.9) | (169,836.7) | (2,076,650) | - | - | - |
| Operating Margin | (1130.9%) | (130.7%) | (82.8%) | (12.1%) | (64.0%) | - | - | - |
| % EBITDA Margin | (1070.3%) | (120.8%) | (70.6%) | (4.6%) | (58.7%) | - | - | - |
| NET Income (USD) | (251,608.9) | (316,289.4) | (409,153.3) | (208,971.1) | (2,145,116.8) | - | - | - |
| % Net Margin | (1131.1%) | (131.8%) | (84.0%) | (14.9%) | (66.1%) | - | - | - |
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