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Tech

[News] Facebook just bought a furniture shopping startup

2019-02-10 10:18:06
103 3

Hloo Mi Fans.

Facebook has acquired GrokStyle, a shopping startup that uses AI to help you buy furniture and other items for the home.

The move, which was reported by Bloomberg, is the latest sign yet that the social network is looking to push deeper into e-commerce in 2019.

Facebook spokesperson Vanessa Chan confirmed the acquisition saying, "We are excited to welcome GrokStyle to Facebook. Their team and technology will contribute to our AI capabilities.”

GrokStyle, which was founded by 2016 according to CrunchBase, is a San Francisco startup specializing in visual search. The company is known for technology that allows shoppers to search for furniture and other items by taking photos with their phones. Last year, the company partnered with ikea on it's augmented reality furniture app.

In a note posted on it's website, the company said it had "only scratched the surface of what is possible with computer vision."

"Our team and technology will live on, and we will continue using our AI to build great visual search experiences for retail."

It's not clear exactly what team within Facebook GrokStyle and its "AI capabilities" will be a part of. But it's another potential sign that Facebook plans to move deeper into shopping features.

The company has been steadily adding shopping features to Instagram, but hasn't said much about similar shopping experiences in other places.

Enabling visual, camera-based search would certainly make sense if the company was looking to make it easier for users to connect with retailers. The fact that GrokStyle has previously been part of an augmented reality app is particularly interesting, given that Facebook is building out its own AR platform, including shoppable augmented reality features in Messenger.
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2019-02-10 10:18:06
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Moderator

Ar_Ashik | from MI 8 SE

#1

nice share.
2019-02-10 10:24:02
Regards,

Md Ashikur Rahman
Mi Community Bangladesh

Techie Team

Mahmud Af Nahin Author | from Redmi Note 5

#2

Ar_Ashik
nice share.

Thank you vai
2019-02-10 10:45:47

Moderator

MH Imran | from Redmi Note 4

#3

Awesome share.
2019-02-10 11:18:44
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