🦊/Companies

Depict

YC S20

Stockholm, SE · Founded 2019 · 32 employees · 13 known investors

Find your way into Depict

Depict builds a merchandising platform for brand-led e-commerce that enables brands to curate and control product discovery experiences online using AI, similar to the control they have in physical retail stores.

Also known as Depict.ai

Founders & leadership· Y Combinator alumni (S20)

Depict was founded in 2019 by Oliver Edholm.

OEOliver Edholm
Oliver Edholmin𝕏Co-Founder & CEO2020–2024Before co-founding Depict in 2020, Oliver worked as an AI/ML engineer at Klarna and a machine learning engineer at Just Football, and spent 2019 as a senior data scientist at Babyshop Group and a research assistant at the National University of Singapore. He led Depict as CEO through 2024 and has since worked in an advisory capacity at a private company.
JN
Josep NollainCEOJosep spent five years at Bolt, where he held roles including VP of business development and partnerships for Checkout Everywhere, GM of Checkout Everywhere, GM for Europe, and head of business development, partnerships and corporate development. He was previously chief business development officer at Tipser, advised Videoshops, and serves as a venture partner at Stella Capital.

Investors · 13

Also in the syndicate · 8

Carl RiveraErik BernhardssonFinbarr TaylorFredrik HjelmInitializedJohannes SchildtJoshua BrowderNicolas Dessaigne

Funding

SEC filings, press & company announcements

$17M disclosed across 1 of 3 rounds · 2021–2022

Source: company announcements and press reports — follow each round's link for the claim.

Company profile

researched Aug 2026

Depict (depict.ai) is a Stockholm-based software company that provides AI-assisted product discovery and merchandising tools for e-commerce brands. Its current offering consists of three products running on one engine: collection merchandising, which lets merchants curate and control how hundreds of collection pages are ordered while automated ranking handles the rest; hybrid search that combines AI, keyword matching and merchandising rules; and product recommendations that apply brand rules across large SKU catalogs. All three are configured and measured from the Depict portal, which includes merchant-wide and per-collection analytics, catalog performance metrics with stock-based visibility and auto-hide for out-of-stock items, storewide "Boost & Bury" ranking rules, dead-stock detection and per-product pin recommendations.

At launch the company was positioned more narrowly as a product recommendation engine. According to 2022 coverage, Depict aggregated product data scraped from a wide range of e-commerce sites and trained deep learning models to "read" product images and information, so that it could deliver recommendations without requiring a retailer's historical sales or user behaviour data — the constraint that, in the founders' framing, kept non-Amazon retailers from matching Amazon's recommendation quality. The engine was integrated into customer backends via API and marketed as plug-and-play, with a claimed 4–6% uplift in e-commerce revenue.

The company was founded in 2019 by Oliver Edholm (CEO/founder) and Anton Osika (CTO) and participated in Y Combinator's Summer 2020 batch. Public listings put its team size at 32 and its status as active.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Brands using DepictJan 2026350+
Claimed e-commerce revenue upliftFeb 20224-6% increase in e-commerce revenue without sales data
CustomersFeb 202260 customers
G2 ratingJan 20264.8 stars
HeadcountAug 202626
Team sizeJan 202232 employees
Total funding raised (reported)May 2022$20M

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

6 people who came through Depict went on to found or lead other companies.

Competitors · 2

by search overlap

Companies competing with Depict for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 4

launches, deals, and filings
Feb 2022
Depict.ai announces $17M Series A led by Tiger Global

Series A of $17 million led by Tiger Global with participation from Initialized Capital, EQT Ventures, Y Combinator and a group of angel investors; proceeds earmarked for growth in the U.S. and Europe, team expansion and further product investment. At the time the company reported 60 customers, including Office Depot and Staples.

$17M source ↗

Jan 2022
Oliver Edholm named to Forbes 30 Under 30 Europe – Retail & Ecommerce 2022

Depict founder Oliver Edholm appears on the Forbes 30 Under 30 Europe Retail & Ecommerce 2022 list.

source ↗

Jan 2021
Depict.ai raises $2.8M seed round led by Initialized Capital

Seed round of $2.8 million led by Initialized Capital with participation from EQT Ventures, Y Combinator and Northzone, raised the year before the Series A.

$2.8M source ↗

Jan 2020
Participated in Y Combinator Summer 2020 batch

Depict went through Y Combinator's Summer 2020 batch, described as the first cohort run remotely during the Covid-19 lockdown; primary partner Gustaf Alstromer.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Depict do?
Stockholm-based Depict sells AI-assisted merchandising, search and recommendations software to e-commerce brands.
Who founded Depict?
Depict was founded by Oliver Edholm in 2019.
Who are Depict's investors?
Depict's investors include Northzone, Y Combinator, EQT Ventures, Initialized Capital, Tiger Global Management.
How much funding has Depict raised?
Depict has disclosed $17M raised across 1 of its 3 known rounds.
Where is Depict headquartered?
Depict is headquartered in Stockholm, SE.