Startups

REM People acquired image processing and artificial intelligence technologies startup Udentify

REM People, which offers new generation solutions in retail analytics, acquired Udentify, which specializes in image processing and artificial intelligence technologies. REM People has relaunched Udentify, positioning it under the brand ‘REM Vision Lab’. REM Vision Lab will continue to offer innovative approaches to different sectors, especially retail, with image processing and artificial intelligence-supported advanced analytical solutions.

REM People, which offers new generation solutions in retail analytics, announced that it has established REM Vision Lab by acquiring the local startup Udentify, which has been operating as an independent business unit under Netcad for a while and specializes in image processing and artificial intelligence technologies.

Udentify was founded in Istanbul in 2017 to bring innovative solutions to problems in different sectors, especially retail, through image processing and artificial intelligence technologies. While the company was transitioning to a successful growth phase after its establishment, it suffered a major blow with the death of its founder and CEO, Can Dortkardesler. After this extremely sad event, Udentify, which was owned and purchased by Netcad, continued to operate under the same brand until May 2023.

It will continue as REM Vision Lab

Udentify business unit, which has been operating for approximately 2 years under the umbrella of Netcad, was taken over with all its rights by REM People, which makes a difference in the retail industry with its artificial intelligence-supported omni-channel sales efficiency solutions, seeing its potential.

As a result of this acquisition, REM People relaunched Udentify, positioning it under the brand ‘REM Vision Lab’. REM Vision Lab will continue to offer innovative approaches to various sectors, especially retail, with image processing and artificial intelligence-supported advanced analytical solutions.

Can Dortkardesler’s vision will live on

With the combination of REM People and REM Vision Lab technologies, both initiatives will open new horizons in the retail world with an approach where the product’s journey intersects with the shopper’s journey, offering a 360-degree perspective and advanced analytical solutions.

In addition, REM Vision Lab will transfer some of its income to the foundation established in the name of the late Can Dortkardesler to support young entrepreneurs. REM Vision Lab and all its stakeholders will continue to keep the name and vision of its founder, the late Can Dortkardesler, alive by working to become a brand in artificial intelligence technologies in Turkiye and in the international arena.

$4.5 million were allocated to startups

Founded in 2015 by techno-entrepreneurs with retail and technology experience, REM People began to implement a plan to support the entrepreneurial ecosystem after receiving a $12 million investment from the US-based investment company Ethos Asset Management at the beginning of this year. REM People allocated funds to invest $4.5 million in 5 technology startups it could work with. As the first step towards this goal, REM People invested in the B2B e-commerce application Hoopla. Last month, REM People contacted Adgager, which provides research solutions to important brands.

Source: Egirisim / Prepared by Irem Yildiz

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