Following tremendous adoption of its retail technology in 2021, Tangiblee Joins LVMH’s accelerator to further drive global adoption
Chicago, IL - January 13, 2022
This story references an article originally published on Retail Dive.
Tangiblee today announced its selection in La Maison des Startups LVMH (Season 7). This program was developed with the mission to start conversations between LVMH’s Maisons and entrepreneurs to generate collaborations. LVMH, Moët Hennessy Louis Vuitton, is a multinational goods conglomerate with 75 luxury brands in their portfolio of Maisons including Fendi, Givenchy, and Christian Dior.
Tangiblee, a rapidly growing retail technology company, was invited to showcase its no-code solution, based on its enterprise-ready, immersive shopping platform capable of processing up to 5,000 SKUs per day with photos already populated on retailers’ websites. Tangiblee delivers scalable, interactive Augmented Reality (AR) & virtual 3D solutions for commerce at a fraction of the time and cost of competitive solutions.
“We are honored to be recognized for our immersive shopping AR & virtual 3D solutions by LVMH,” remarked Eliad Inbar, CEO of Tangiblee. “Tangiblee has been dedicated to transforming the world’s largest catalogs into interactive e-commerce experiences and we are privileged to be able to present this technology at La Maison des Startups LVMH. We thank LVMH for their support and invaluable opportunity to collaborate with the Maisons.”
Tangiblee’s interactive e-commerce solutions will enable Maisons such as Givenchy and Louis Vuitton to view their bags on a model that can be adjusted to the customer’s unique body type. Customers can also analyze the size of the bags compared to common items such as iPhones and passports. This serves to reduce the number of returns and make consumers more comfortable completing large purchases online.
The La Maison des Startups LVMH program aims to generate collaboration in order to solve their Maisons’ business needs through innovation. In turn, this provides startups the potential to expand into the luxury industry and build a network. The official launch, originally planned at Station F in Paris, will be held online on January 20th. Startups will have the opportunity to pitch their technology solutions to key executives of the 75 Maisons.
Tangiblee is an enterprise-ready, immersive shopping and augmented reality (AR) e-commerce platform. The world’s largest brands are working with Tangiblee to deliver highly interactive online experiences in days, not months or years. An alumnus of the Techstars 2014 class, Tangiblee is revolutionizing the online buying experience for some of the world’s top retailers including Fossil, Home24, Living Spaces, MCM Worldwide, Tacori, and more. Tangiblee’s interactive eCommerce solutions — including Virtual Try-On (VTR), Compare, Lifestyle Imagery and more — dramatically improve the bottom line for retailers, increasing conversions and average order value and reducing returns.