Technology
Filing: Snap paid $124M for Fit Analytics as it gears up for a bigger e-commerce push – Yahoo News Australia
Earlier this year we reported on how Snap had acquired Berlin-based Fit Analytics, an AI-based fitting technology startup, as part of a wider push into e…
Earlier this year we reported on how Snap had acquired Berlin-based Fit Analytics, an AI-based fitting technology startup, as part of a wider push into e-commerce services, specifically to gain technology that can help prospective online shoppers get a better sense of how a particular item or size would fit them. A 10-Q filing from Snap today has now put a price tag on that deal.
Snap paid a total of $124.4 million, covering technology, IP, customer relationships and payouts to the team. The filing…
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