Award attests to ViSenze's outstanding innovation and private enterprise performance.
ViSenze, a pioneer in visual search and image recognition technology, took the coveted Gold Award (Private Sector category) at the ASEAN ICT Awards (AICTA) 2015 ceremony held on 26 November 2015 in Danang city, Vietnam.
The prestigious annual awards, the 4th in the ASEAN ICT Awards series, represents the most respected business accolade in the ASEAN technology industry. After a stringent evaluation process that evaluated over hundred of nominations submitted since April 2015, ViSenze was shortlisted to make a final round competitive pitch to esteemed judges in October 2015 for the final top 3 placings. Judges comprised invited industry experts and representatives from across ASEAN countries. Some of the key criteria used for identifying winners in the Private Sector category included how nominees were able to demonstrate reduction in business operation cost, increase in efficiency, improvement of revenues using ICT as a strategic business tool, as well as clear implementation results.
Founded in August 2012 as a technology spin-off from the National University of Singapore (NUS), ViSenze has developed a state-of-art and highly scalable visual search engine based on deep learning and computer vision technology. By focusing on solving search problems in the retail space, ViSenze’s vision based SaaS (Software-as-a-Service) platform allows any product image to be used as a search query to search for exact or visually similar products from any online database. This innovation saves consumers from the hassle of guessing keywords, making the search process more efficient as well as uplifting conversion rates for online retailers significantly.
“This award attests to ViSenze’s leadership in deployment of ICT technology, the value of the problem-solving innovation we have created as well as high service standards we have achieved,” said Oliver Tan, CEO and Co-Founder of ViSenze. “It also caps an outstanding year for ViSenze with several milestones including our open SaaS launch in July 2015, and major customer wins like Flipkart, Lazada and Reebonz. I take this award as a further encouragement for us to do better going forward as we expand our business globally."
Point of contact:
Email: adelina @visenze.com
The ASEAN ICT Awards (AICTA) is a project approved by the ASEAN Telecommunication Ministers, and recognises the best ICT achievement among entrepreneurs across the ASEAN region. Organised since 2012, AICTA aims to be the benchmark for success in terms of innovation and creativity, offering business opportunities and promoting trade relations thus uplifting the strength of ICT and community awareness in ASEAN both locally and internationally. AICTA consists of six award categories, namely public sector, private sector, corporate social responsibility, digital content, start-up company and research and development. To determine the top 3 respective placings, the shortlisted nominees (from each category) are invited to attend the final round judging where nominees make a final round presentation to AICTA Judges and the TELSOM leaders.
ViSenze was founded by computer vision scientists and tech entrepreneurs with the sole objective of simplifying the visual web. Through cutting-edge R&D based on real world problems, ViSenze develops simple visual search & recognition tools to help businesses – in eCommerce, mCommerce, online display advertising, software development & database management – address challenges of exploding visual content on different digital platforms. ViSenze originates from NExT, a leading research centre jointly established between National University of Singapore (NUS) and Tsinghua University of China. ViSenze is invested by Rakuten Ventures, Walden International and UOB Venture Management.