Happi Staff01.07.21
Perfect Corp., the developer of YouCam Makeup, has announced a Series C investment of $50 million led by Goldman Sachs, a leading global investment bank. The new funds will invest in augmenting the company’s artificial intelligence (AI) beauty technology solutions across multichannel retail and drive corporate global expansion.
“The integration of technology through artificial intelligence, machine learning and augmented reality into the beauty industry will unlock significant advantages, including amplification of digital sales channels, increased personalization and deeper consumer engagement,” said Xinyi Feng, a managing director in the merchant banking division of Goldman Sachs. “Led by Alice Chang, Perfect is situated to innovate into this industry-changing integration period. We are also delighted to welcome the company to our global Launch With GS initiative, which aims to increase access to capital and support diverse entrepreneurs around the world.”
“We are thrilled to be working together with Goldman Sachs who share our vision of pushing the envelope of innovation to deliver the most interactive and enriched beauty shopping experiences,” said Alice H. Chang, CEO of Perfect Corp. “This series C investment will further drive the development of our solutions globally across all beauty categories and channels for the complete 360 beauty SaaS experience for consumer.”
“The integration of technology through artificial intelligence, machine learning and augmented reality into the beauty industry will unlock significant advantages, including amplification of digital sales channels, increased personalization and deeper consumer engagement,” said Xinyi Feng, a managing director in the merchant banking division of Goldman Sachs. “Led by Alice Chang, Perfect is situated to innovate into this industry-changing integration period. We are also delighted to welcome the company to our global Launch With GS initiative, which aims to increase access to capital and support diverse entrepreneurs around the world.”
“We are thrilled to be working together with Goldman Sachs who share our vision of pushing the envelope of innovation to deliver the most interactive and enriched beauty shopping experiences,” said Alice H. Chang, CEO of Perfect Corp. “This series C investment will further drive the development of our solutions globally across all beauty categories and channels for the complete 360 beauty SaaS experience for consumer.”