kuznech moneytalks forum 14.06.2012
DESCRIPTION
Presentation by Kuznech at the MoneyTalks® Forum in Lappeenranta on the 14.06.2012TRANSCRIPT
ALL ATTENTION
TO EYES
DON’T TRUST BARE WORDS Trust visual search
MICHAEL POGREBNYAK, CEO
WHY GO VISUAL?
NOW
of them UNSEARCHABLE
3 tln online images
99,7%
83% 40% 93%
94% 36 bln
MARKET SHARE
50+ companies
Approach: CBIR
High scalability
Reasonable tolerance to false positive results
Leaders: no
A lot of resources for processing
= very low scalability
3 000 000 000 000
Why can’t I still find appropriate
pair of shoes?
PROBLEM
There are
images online
OUR SOLUTION
finds similar images among billions
VERY QUICKLY and in a VERY COST
EFFECTIVE way
OUR SOLUTION
Core Technology
Product Search
Online retail
Image Monitoring
Photo sharing
Image Recommen-‐
dations
Social Media
Auto-‐tagging
Photo sharing, social media
Industry-‐specific
Life Sciences, Geology, Security,
etc.
Consumer Product Search
Shoes, apparel, accessories,
furniture, home appliances, etc.
Vertical Search for Designers
Logos, Image stocks, Icons & design elements
Generic Search Engine
General interest image search backed by
Image-‐context advertising
Dev
elop
ers
Busine
sses
Cons
umers
PRODUCT VISUAL PRODUCT SEARCH
Let consumers shop for similar products
by image
(1)
TARGET E-COMMERCE SEGMENTS
Shoes Watches
Furniture Home Decor Tile / Floors
Home Appliance
Toys / Kids
Cloths Textile / Rugs
Glasses
Sport Goods
Prov
en m
arke
t poten
tial
Unique value proposition
Bags
(2)
PRODUCT AUTO-TAGGING
Create automatic description to make billions of images
searchable
architecture, building, canal, city, cityscape, day, europe, gold, light, petersburg, reflection, river, russia,
sky, travel, urban, water
(2)
ROADMAP
NEWS AGENCIES
PUBLISHERS
CORP MARKETING DEPARTMENTS
DIGITAL ASSET MANAGEMENT
PHOTO STOCKS
SEARCH PROVIDERS
SOCIAL NETWORKS
DATING SITES
MOBILE APPS
ONLINE RETAILERS
COMPARISON SHOPPING
VISUAL CONTENT
MANAGEMENT
VISUAL RECOMMENDATION
ENGINE
FIND SIMILAR
API
AUTO-‐ TAGGING
PRIMARY IMAGE PARTNERS
* ) Estimated number of images hosted, bln
300 5
20
5 2
200
50
10
9 4
100+ Collectively
SOCIAL NETWORKS
PHOTO SHARING SITES
IMAGE RETAILERS
TEAM
Michael POGREBNYAK
CEO
Alexander VALENCIA-CAMPO
Chief Scientist
Partner and investor in Russian IT companies Qbix, SSBS
Consulting, Process Systems and Technologies, and Internet
Logistics 21 Ltd EMBA from Stockholm School of
Economics MS in computer engineering
Ex Siebel, Adobe, Microsoft executive
Founder Actis (sold to Wunderman), AdWatch (sold to Isobar/Aegis), Sputnik Labs (sold
to TechnoServ) Angel investor and advisor In 8
startups
20 years in IT, including Intelligent security
systems and gaming
Founder of Project Jagged Alliance
MS in mathematical methods
Technical Team (St. Petersburg) – 12
Business Team (Moscow, Boston) – 3
20+ potential customers/partners confirmed
Implementation in Azure
Pavel CHERKASHIN
VP Sales
TEAM STATUS
YOU STILL HAVE TIME TO INVEST
Business angels: $250k Skolkovo R&D payroll: $750k
Financial Status
Kuznech Corp – Delaware OOO “Kuznech” – St. Petersburg 3 patents pending in US, 3 applications prepared in Russia
Legal Status
Looking for Round A June – Aug 2012 (From recognized
institutional investor)
$2-‐3 mln
Co-‐investment opportunities:
Skolkovo (up to $5 mln 50/50) Current investors (up to $1 mln)