07.02.23
New York, NY
www.oddity.com
Sales: $325 million
Key Personnel: Oran Holtzman, co-founder and chief executive officer; Shiran Holtzman-Erel, co-founder and chief product officer, Oddity; Dmitri Kaplun, chief executive officer, Il Makiage; Lindsay Drucker Mann, global chief financial officer, Oddity
Major Products: Cosmetics, skin care and hair care
New Products: Spoiled Child
Comments: With headquarters in New York City and an R&D center in Tel Aviv, Oddity is the consumer-tech platform behind Il Makiage, a makeup brand, and more recently, Spoiled Child, a skin and hair care brand that debuted this year. Oddity says it uses cutting-edge data science to identify consumer needs and develops solutions in the form of beauty, wellness and tech products. Tech products include Powermatch, an AI- and machine learning-driven matching engine to deliver consumers the perfectly-matched products for them; Kenzza, a patented creator-powered in-house media platform that represents one of the largest libraries of bespoke beauty media content in the world; Hyperspectral Vision, a patented hyperspectral image recovery software; and SpoiledBrain—an AI- and machine learning-driven matching engine to pair consumers with wellness products.
In April, Oddity acquired Boston-based Revela, a biotechnology startup and forerunner in AI-based molecule discovery for beauty and wellness indications, for $76 million. The acquisition will allow for the establishment of Oddity Labs in Boston with an additional $25 million investment for its frontier lab. The business combination will boost the development and expansion of proprietary, science-backed, clinically-tested and highly-efficacious products.
Oddity earlier this year closed a $130 million private round. It also launched a digital security token built on the Ethereum blockchain. According to the company, the token is a digital security that automatically converts into Oddity Class A ordinary shares at the time of an IPO.
www.oddity.com
Sales: $325 million
Key Personnel: Oran Holtzman, co-founder and chief executive officer; Shiran Holtzman-Erel, co-founder and chief product officer, Oddity; Dmitri Kaplun, chief executive officer, Il Makiage; Lindsay Drucker Mann, global chief financial officer, Oddity
Major Products: Cosmetics, skin care and hair care
New Products: Spoiled Child
Comments: With headquarters in New York City and an R&D center in Tel Aviv, Oddity is the consumer-tech platform behind Il Makiage, a makeup brand, and more recently, Spoiled Child, a skin and hair care brand that debuted this year. Oddity says it uses cutting-edge data science to identify consumer needs and develops solutions in the form of beauty, wellness and tech products. Tech products include Powermatch, an AI- and machine learning-driven matching engine to deliver consumers the perfectly-matched products for them; Kenzza, a patented creator-powered in-house media platform that represents one of the largest libraries of bespoke beauty media content in the world; Hyperspectral Vision, a patented hyperspectral image recovery software; and SpoiledBrain—an AI- and machine learning-driven matching engine to pair consumers with wellness products.
In April, Oddity acquired Boston-based Revela, a biotechnology startup and forerunner in AI-based molecule discovery for beauty and wellness indications, for $76 million. The acquisition will allow for the establishment of Oddity Labs in Boston with an additional $25 million investment for its frontier lab. The business combination will boost the development and expansion of proprietary, science-backed, clinically-tested and highly-efficacious products.
Oddity earlier this year closed a $130 million private round. It also launched a digital security token built on the Ethereum blockchain. According to the company, the token is a digital security that automatically converts into Oddity Class A ordinary shares at the time of an IPO.