Beauty and fashion tech solutions provider Perfect Corp. has entered into an agreement with Farfetch, to acquire Wannaby, a digital immersive experiences expert. This acquisition, Perfect Corp. said in a release, represents a significant milestone in integrating advanced technology, enabling the company to expand its offerings into new luxury...
25 Dec 2024
Perfect Corp, a company that provides AR and AI Software-as-a-Service (SaaS) for global beauty and fashion businesses, has swung to a loss in the second quarter despite posting an 11.9 percent increase in revenue. The US company made revenue of 12.7 million dollars in the three months to June 30, which it said was primarily due to strong growth...
26 Jul 2023
Tech firm Perfect Corp has unveiled a new partnership with travel retailer Dufry, which will see its artificial intelligence (AI) and augmented reality (AR) beauty solutions debut in a number of duty free airport locations. The deal introduces in-store and virtual makeup try-ons for 15 brands – including Benefit, Kylie Cosmetics and Huda Beauty...
18 Jul 2023
Virtual try-on – or VTO – refers to the use of augmented reality (AR) to view digitised versions of an object, most often seen in the overlay of an image that aims to give an idea of what something may look like in the ‘real world’. It is this technology that is at the forefront of Perfect Corp’s B2B offering, sitting alongside other artificial...
5 Jul 2023
Tech firm Perfect Corp has announced it will be carrying out a large-scale share purchase plan after its board of directors authorised the move. Such a strategy will allow the company to repurchase up to 20 million dollars of its Class A ordinary shares over a 12-month period. It comes as Perfect Corp’s board outlined its beliefs that the shares...
8 May 2023
Perfect Corp. reported revenue growth of 9.7 percent to 12.1 million dollars for the quarter and up 0.9 percent year over year, primarily due to strong growth momentum in AR/AI cloud solutions and subscription revenues. The company, provider of augmented reality (AR) and artificial intelligence (AI) Software-as-a-Service (SaaS) solutions to...
26 Apr 2023
Perfect Corp, a company that provides augmented reality (AR) and artificial intelligence (AI) Software-as-a-Service (SaaS) for global beauty and fashion businesses, has reported an increase in revenue but widening losses in its most recent full-year report. In the 12 months to December 31, the company’s revenue increased 16 percent to 47.3...
8 Mar 2023
The retail landscape is undoubtedly evolving alongside the ever-adapting consumer, and with it has come the inevitable technological developments that intersect with the interests and behaviours of younger generations. One of these components is that of virtual try-ons – also known as VTOs – which have not only started to take ownership of the...
28 Feb 2023
Online shopping for jewellery, specifically necklaces, has just been made easier with a new virtual try-on solution launched by Perfect Corp. Jewellery, like fashion, is size and fit sensitive, and digital innovation in the sector allows retailers and jewellery brands to boost online customer shopping experiences. In a statement Perfect Corp....
6 Dec 2022
Avon is set to launch a virtual try-on online (VTO) shopping experience in nine of its initial markets, including the UK, through a collaboration with artificial intelligence (AI) and augmented reality (AR) beauty and fashion tech provider, Perfect Corp. The feature will allow Avon shoppers to try on around 400 makeup products, from lips, eyes...
29 Nov 2022
Perfect Corp, a developer of augmented reality (AR) and artificial intelligence (AI) solutions for beauty and fashion companies, has been listed on the New York Stock Exchange (NYSE) with Class A ordinary shares. Founder and chief executive officer of the Taiwan-based tech firm, Alice Chang, rang the bell at the NYSE to open its first trading...
1 Nov 2022
Insights into the ever-changing standards of beauty and fashion technology trends were shared in a report by fashion tech solutions provider Perfect Corp. The findings from the Beauty and Fashion Tech Trends Around the World report, analysed big data sourced from Perfect Corp.’s YouCam suite of apps, which features thousands of AR-powered beauty...
31 Aug 2022