Renovai Overview
Renovai is the developer of an automatic, AI-based interior design platform. Customers complete a short questionnaire regarding their needs, requirements, and taste, and the company's system designs the space and visualizes it in a lifelike 3D model.
Cumulative Funding Raised Over Time ($)
$3.7MAug 2021
$4.3MMay 2019
Latest News
growth-positive
Renovai secures $3.7 million in funding in seed round
Israeli interior design startup Renovai has closed its seed round of $3.7 million. The round was led by Verstra Ventures and co-led by Temple & Webster. Renovai offers a virtual interior designer powered by visual artificial intelligence. The funding will be used to develop new products, optimize existing ones, and expand the team. Temple & Webster, an online retailer of furniture and homeware, went public in 2015 and is valued at $1 billion. The partnership with Renovai allows Temple & Webster to offer personalized shopping experiences. Verstra Ventures sees potential in Renovais ability to bridge the gap between design methodology and AI, creating new revenue opportunities for online retailers.
InvestmentPartners
| Sector | Business Software |
Funding
| Total funding | $4.25M |
| Last funding | $3.7M |
| Stage | Seed |
| Rounds | 2 |
| Investors | 6 |
Team Members
3
Employees: 11-50
Web & Social Links
| Website | www.renovai.com/ |
| Careers | Careers page |
Locations
Ha-Shoftim St 28, Tel Aviv, Israel
Photos & Videos
1 item(s)
Renovai Business
Business models
B2B, B2C
Product stage
Released
Employees
11-50
Sector
Business SoftwareSales & Marketing Solutionse-Commerce ToolsTarget Customer
Real Estate & ConstructionArchitecture & Interior DesignCore Technology
Artificial IntelligenceMachine LearningSimulation & ImagingTags (11)
web-platformecommerce3d-imaginginterior-designartificial-intelligencedesignsoftware-applicationsreal-estateretailproptechmachine-learningUse Cases
Case StudiesGeographic Markets
United StatesRenovai Financials
$4.25M
Total funding
Undisclosed
Capital raised
$3.7M
Last funding
Seed
Funding stage
2
Total rounds
6
Investors
Cumulative Funding Raised Over Time ($)
$3.7MAug 2021
$4.3MMay 2019
Private Equity Funding
Seed
Aug 2021
$3.7M
Verstra Ventures (Lead)
,
NGN Partners, Temple & Webster
Pre-Seed
May 2019
$550K
Gil Smolinski, Fusion VC, Summus Venture Capital,
Renovai Lifecycle
Cumulative Funding Raised Over Time
$3.7MAug 2021
$4.3MMay 2019
All Events
Seed
Aug 2021
$3.7M
Verstra Ventures (Lead)
,
NGN Partners, Temple & Webster
Pre-Seed
May 2019
$550K
Gil Smolinski, Fusion VC, Summus Venture Capital,
Renovai News
1 article
growth-positive
Renovai secures $3.7 million in funding in seed round
Israeli interior design startup Renovai has closed its seed round of $3.7 million. The round was led by Verstra Ventures and co-led by Temple & Webster. Renovai offers a virtual interior designer powered by visual artificial intelligence. The funding will be used to develop new products, optimize existing ones, and expand the team. Temple & Webster, an online retailer of furniture and homeware, went public in 2015 and is valued at $1 billion. The partnership with Renovai allows Temple & Webster to offer personalized shopping experiences. Verstra Ventures sees potential in Renovais ability to bridge the gap between design methodology and AI, creating new revenue opportunities for online retailers.
InvestmentPartners
Renovai Team
Employee Info
| Employees (range) | 11-50 |
| Exact count | 14 |
| Team members | 3 |
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Renovai Internal
Recent Updates
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Admin Info
| Confidence | 92/100 |
| Missing | description, markets |
| BI Verification | Vered Waxman |
| Registrar ID | 515948669 |
| Crunchbase | renovai-inc |
| Creator | Hilla Gorokhovsky |
| Creator email | hilla.gorokhovsky@sncentral.org |
| Last updater | Jenny Sotnik-Talisman |
| Updater email | jenny.sotnik@sncentral.org |
| Last update | 2023-05-02T00:00:00.000Z |
| Created | 2019-05-07T00:00:00.000Z |
| Claimed | Yes |