Depict
YC S20Stockholm, SE · Founded 2019 · 32 employees · 19 known investors
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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, Inc. · Depict.ai
Founders & leadership· Y Combinator alumni (S20)
Depict was founded in 2019 by Oliver Edholm.


Investors · 19
How we know: the company's own site · funding news · press coverage · research · techcrunch.com · Y Combinator's founder network · Not right? Tell us
How we know: funding news · press coverage · research · techcrunch.com · initialized.com · open dataset · 5k.vc investor directory · Y Combinator's founder network · Not right? Tell us
How we know: the Y Combinator directory · funding news · press coverage · research · techcrunch.com · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: Y Combinator's founder network · Not right? Tell us
How we know: Y Combinator's founder network · Not right? Tell us
How we know: open dataset · 5k.vc investor directory · Not right? Tell us
How we know: funding news · press coverage · research · techcrunch.com · Y Combinator's founder network · Not right? Tell us
How we know: Y Combinator's founder network · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: Y Combinator's founder network · Not right? Tell us
How we know: funding news · techcrunch.com · research · techcrunch.com · Y Combinator's founder network · Not right? Tell us
How we know: research · techcrunch.com · Not right? Tell us
How we know: Y Combinator's founder network · Not right? Tell us
Also in the syndicate · 7
Funding
SEC filings, press & company announcements$17M disclosed across 1 of 3 rounds · 2021–2022
- $17MSeries AFeb 2022 · 3 sources
Tiger Global (lead), EQT Ventures, Initialized Capital, Northzone, Y Combinator
Source ↗
Source: company announcements and press reports — follow each round's link for the claim.
Company profile
researched Aug 2026Depict (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 reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Founder mafia
The Depict mafia →6 people who came through Depict went on to found or lead other companies.
Related companies · 6
Companies working in the same space as Depict.
Timeline · 4
launches, deals, and filingsSeries 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 ↗
Depict founder Oliver Edholm appears on the Forbes 30 Under 30 Europe Retail & Ecommerce 2022 list.
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 ↗
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.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
Legal entities · 1
corporate structureIn the news
▸Research sources · 8
primary sources listed
- Depictdepict.ai · web
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, Initialized Capital, Y Combinator, AJG, Browder Capital, Creandum, EQT Ventures, Liquid Ventures and 4 more.
- 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.

















