This article offers a detailed examination of 10 new fashion tech companies advancing the industry through technological implementations and niche applications. These organizations are pioneering innovations such as AI-based digital fashion platforms that streamline design processes, 3D virtual fitting rooms leveraging computer graphics for enhanced consumer engagement, and digital product passports utilizing blockchain for traceability and sustainability.
Additional advancements include the development of textiles from hemp residue, employing eco-friendly techniques for material sourcing, and AI-led digital fashion stylists that utilize machine learning algorithms for personalized outfit recommendations. Each company’s approach merges high-tech solutions with fashion industry needs, thus increasing efficiency, sustainability, and personalization in consumer experiences.
Continue reading to gain up-to-date and data-driven insights on:
Key Takeaways
Drawing insights from the Big Data & AI-powered StartUs Insights Discovery Platform that provides data on over 4.7+ million emerging companies globally, we explore the evolving landscape of the fashion industry. This sector is marked by key trends and a substantial workforce, shaping its future. Here are some key insights at a glance:
- Current Fashion Tech Trends: Some of the major technology-driven trends impacting the fashion industry are sustainable fashion, smart clothing, virtual fashion, hyper-personalization, and artificial intelligence.
- Fashion Industry Statistics: The fashion industry comprises 455K+ organizations worldwide. On average, the industry employs about 23 people in 42K+ new companies founded in the last five years, witnessing 2020 as the average founding year. Moreover, the average funding received by the fashion industry in the same span is USD 2.8 billion.
- 10 Top Fashion Tech Companies to Watch:
- The F* Word – AI-driven Digital Fashion Designing
- Wearify – 3D Virtual Fitting Room
- Eslando – Digital Product Passport
- Tropx – Smart Clothing for Athletes
- StyleMeApp – AI-powered Digital Wardrobe
- Gentelier – Generative AI-based Apparel Designing
- SAGES – Food Waste-based Natural Dye
- StylSync – 3D Virtual Showroom
- revoltech – Hemp Residue-based Fabric
- 7Looks – AI-led Digital Fashion Stylist
Meet 10 out of 42K+ Emerging Fashion Tech Companies
In this section, we explore 10 emerging fashion tech companies enhancing the industry through virtual try-ons, sustainable fabrics, generative AI-based apparel designing, smart activewear, and much more. These firms incorporate technologies like augmented reality, machine learning, and sensor integration to improve fit precision, environmental responsibility, design innovation, and functionality in activewear. They employ advanced algorithms, eco-friendly material processes, and interactive platforms to increase customization, reduce waste, and enhance user experience. Read on to discover the diverse range of innovative solutions these companies introduce to the fashion landscape!
Note on Signal Strength
One of the unique metrics we feature for each company is Signal Strength, a proprietary data point generated by our Discovery Platform. It gauges the extent to which a company’s influence has permeated the global ecosystem of startups, scaleups, and emerging companies. This proprietary metric serves as a valuable guidepost for understanding a company’s standing in the broader market landscape.
1. The F* Word
- Founding Year: 2023
- Employee Range: 2-10
- Location: USA
- Signal Strength: Medium
- What they do: The F* Word offers an AI-powered digital fashion creation platform that streamlines 3D design processes. It enables designers to use pre-populated templates and AI-enabled pattern creation for efficient 3D textile mapping, facilitating rapid design iterations. Users are able to organize collections, collaborate, and integrate designs with augmented reality (AR) for virtual try-ons. The platform supports NFT creation for digital monetization, allowing designers to set prices and royalties. The company also provides a dashboard for engagement and revenue tracking. Beneficiaries include fashion designers seeking streamlined digital creation tools and enhanced online engagement with their audience.
2. Wearify
- Founding Year: 2021
- Employee Range: 2-10
- Location: Armenia
- Signal Strength: Medium
- What they do: Wearify provides a 3D virtual fitting room solution tailored for online clothing brands. It utilizes AI to conduct precise body analysis and size detection, reducing return rates by recommending the most suitable sizes. Features include 3D avatars, body analytics, size recommendations, user 3D modeling, and virtual try-on capabilities. The solution integrates with web platforms, supporting digital presence expansion for brands. Beneficiaries include online retailers seeking to reduce returns, increase customer satisfaction, and offer immersive shopping experiences.
3. Eslando
- Founding Year: 2021
- Employee Range: 2-10
- Location: UK
- Signal Strength: Very Strong
- What they do: Eslando provides Relabel, a digital product passport for the fashion industry. It facilitates circular fashion by providing essential data for recyclers, including material composition and safety certifications. This digital system updates with the latest global recycling guidelines, ensuring the correct end-of-life processing of garments. By aiding in data-based textile sorting, Relabel addresses the post-consumer textile waste challenge, directing materials to appropriate recyclers. Fashion brands benefit from enhanced sustainability, transparency, and compliance with EU legislation, contributing to a circular economy and reducing landfill waste.
4. Tropx
- Founding Year: 2019
- Employee Range: 11-50
- Location: Israel
- Signal Strength: Very Strong
- What they do: Tropx offers AI-powered smart athletic wear for the fitness industry, focusing on injury prevention and personalized training insights. The wearable system incorporates machine learning, three sensors, and proprietary algorithms for real-time physical analysis. Key features include converting design sketches into functional athletic wear and providing feedback on optimal movement and form. The technology allows athletes to experiment with different materials and colors, ensuring both functionality and fashion. Tropx benefits professional athletes, coaches, and physiotherapists by offering a performance analysis tool to enhance training outcomes and minimize injury risks.
5. StyleMeApp
- Founding Year: 2022
- Employee Range: 2-10
- Location: UK
- Signal Strength: Strong
- What they do: StyleMeApp builds an AI-driven platform that enables users to create a virtual wardrobe, streamlining outfit organization and visualization. Features include environmental impact tracking, sustainable recommendations, and social wardrobe sharing. The app utilizes image recognition and machine learning to assess and organize clothing items. It also provides a Sustainability Monitor, evaluating items based on materials, production processes, and brand transparency. The technology supports eco-conscious fashion choices, reducing the industry’s environmental footprint. Beneficiaries include individuals seeking sustainable fashion options and a more organized approach to their wardrobes.
6. Gentelier
- Founding Year: 2023
- Employee Range: 2-10
- Location: USA
- Signal Strength: Medium
- What they do: Gentelier offers an AI-driven suite for the fashion industry, focusing on product innovation and visualization. The tools allow designers to transform sketches into detailed products, specifying attributes like color and fabric, or exploring auto-generated options. Users experiment with different materials and colorways, keeping designs fresh. Gentelier enables showcasing products on AI-generated models and various backdrops, from tropical beaches to extraterrestrial landscapes, reducing the costs of destination photoshoots. This platform thus empowers fashion creators with generative AI while ensuring they maintain creative control, ideal for designers seeking to streamline development and presentation processes.
7. SAGES
- Founding Year: 2021
- Employee Range: 2-10
- Location: UK
- Signal Strength: Very Strong
- What they do: SAGES formulates SAGES Dyes, natural colorants derived from food waste, addressing the environmental issues posed by synthetic dyes in the fashion industry. Utilizing color extraction from avocado, onion, blueberry, and red cabbage waste, the company introduces a sustainable, circular, and biodegradable solution. Technologies involve innovative extraction methods and environmentally friendly fixatives developed through color chemistry research. SAGES works on improving its natural dyes’ stability and reducing land use impacts. Beneficiaries include fashion and textiles industry stakeholders seeking sustainable material alternatives.
8. StylSync
- Founding Year: 2023
- Employee Range: 2-10
- Location: India
- Signal Strength: Medium
- What they do: StylSync builds a digital fashion retail platform, integrating virtual try-on and AI size and fit finder technologies. The platform enhances shopping experiences by enabling customers to try clothes and accessories virtually, ensuring a perfect fit through AI-driven size recommendations. Additionally, StylSync’s personalized assistant uses customer preference analysis to guide shopping, improving satisfaction and loyalty. Fashion retailers and eCommerce platforms benefit from StylSync’s solutions as they offer personalized shopping experiences that align with current digital trends and consumer demands.
9. revoltech
- Founding Year: 2021
- Employee Range: 11-50
- Location: Germany
- Signal Strength: Very Strong
- What they do: revoltech makes LOVR, a plastic-free and vegan textile crafted using hemp residues. The company’s proprietary composition method allows the material to be fully recyclable and biodegradable, contributing to the circular economy. LOVR’s application extends to various industries, including furniture and automotive, but primarily focuses on fashion, offering diverse textures and sustainability. revoltech thus benefits fashion brands seeking environmentally responsible materials.
10. 7Looks
- Founding Year: 2020
- Employee Range: 2-10
- Location: Ireland
- Signal Strength: Very Strong
- What they do: 7looks offers an AI-powered digital stylist, enhancing omnichannel shopping by integrating in-store and online experiences. It leverages user body metrics and preferences to curate personalized fashion looks, reducing garment returns and unsold stock. The app incorporates sustainability by enabling users to manage digital wardrobes, promoting the resale of items, thus reducing waste and CO2 emissions. Beneficiaries include retail brands seeking to improve customer engagement and sustainability, and consumers looking for personalized, eco-conscious shopping experiences.
Quick Tip to Find New Fashion Tech Companies
Utilizing a SaaS platform like the Discovery Platform for identifying new fashion tech companies provides significant benefits compared to traditional scouting methods:
- Increased Efficiency: The Discovery Platform offers advanced tools that streamline the scouting process. It replaces your hours of conventional desk research, saving time and resources in identifying fashion tech innovations.
- Access to Real-time Insights: Gain a competitive edge with up-to-date information on the latest trends in the fashion industry. The platform keeps you informed with near real-time updates on emerging fashion tech companies and news, enabling you to make swift and informed decisions.
- Precise Scouting: Customize your search to focus on specific niches within the fashion sector, such as sustainable fabrics, smart clothing, or virtual fashion. The platform’s diverse filtering options allow you to target your scouting efforts precisely, ensuring that you find the most relevant and groundbreaking companies in the field.
Want to Explore All Fashion Tech Companies?
We’ve explored the dynamic landscape of the fashion industry, examining the latest trends and spotlighting exceptional companies driving innovation. To dive deeper, download our free Fashion Tech Report or schedule a demo of the Discovery Platform for a customized exploration of these groundbreaking developments.
