Fundraising Fox

Depict

YC S20

Stockholm, SE · Founded 2019 · 32 employees · 12 known investors

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 EdholminCo-Founder & CEO2020–2024

Investors · 12

Also in the syndicate · 7

Carl RiveraErik BernhardssonFinbarr TaylorFredrik HjelmJohannes SchildtJoshua BrowderNicolas Dessaigne

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.

Founder mafia

4 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.
Where is Depict headquartered?
Depict is headquartered in Stockholm, SE.