L'Oreal has purchased ModiFace, ... The efforts have paid off, with 8% of revenue now coming from e-commerce channels. "They have been investing quite a bit in digital," said Ergun.

ModiFace has 75 employees and has not raised any money. The company says revenue grew 400 percent in the past year.

L'Oreal is flexing its digital muscle with its most recent acquisition, Canadian company ModiFace, a creator of Artificial Intelligence and Augmented Reality technologies for the beauty industry.

While the impact of Modiface on the company's bottom line is not explicit, L'Oréal is clearly committed to tech innovation, and has been for much of the decade. It launched a Technology Incubator in ...

L'Oreal, one of the world's biggest cosmetics companies, has purchased ModiFace, a Canadian firm that specializes in artificial intelligence and augmented reality technology.

ModiFace, the leading photo visualization technology company, today announces the launch of an e-commerce platform that personalizes online and mobile beauty shopping. The ModiFace E-Commerce ...

This is not Pinterest’s first virtual makeup feature. The company had previously launched an AR try-on experience for lipstick a year ago, which has now grown to include 10,000 shades ...

The remaining $150,000 will be dedicated to funding academic research in deep learning, computer vision, and computer graphics. The money is coming from Modiface’s revenue; Aarabi said the company has ...

Recently, ModiFace partnered with L’Oreal to create 3D hair tracking that can recolor your hair in real time. The company has plans to work with Samsung to bring similar effects to its phones.

The worlds of makeup and artificial intelligence came together on Friday. L'Oreal, one of the world's biggest cosmetics companies, has purchased ModiFace, a Canadian firm that specializes in ...