Paris-based beauty tech startup INOS received a generous investment from Sheikh Ali Al Maktoum's Private Office, marking a pivotal moment in the company’s journey to revolutionize the cosmetics industry with AI and facial scanning technology.
France, December 5, 2023 -- Photo taken at the Royal Palace of Sheikh Ali El Maktoum in Dubai. From left to right: Ines Osmani, co-founder of INOS; Sheikh Ali Al Maktoum; and Tim Balgobin, Director of the Private Office of His Highness Sheikh Ali Al Maktoum.
INOS, a Paris-based beauty tech startup, has been making strides in the cosmetics industry with its innovative facial scanning technology and AI-driven product matching system. Co-founded by Ines Osmani and Sedki Chayata, the company has dedicated over a year to developing a Proof of Concept (POC) and refining its unique algorithms, supported by a team of skilled AI engineers, data scientists, and cosmetics industry experts.
GITEX Dubai Showcase: At the recent GITEX Dubai, a prominent technology event, INOS showcased its advanced facial scanning technology. The company's feature in the start-up section “Expand North Star” underlines the company’s potential to transform the beauty and skincare market through technology.
Investment Milestone: The recent investment from The Private Office of His Highness Sheikh Ali Al Maktoum marks a significant milestone for INOS. This funding is crucial for the company's capacity to develop its tech platform and expand its global Fundraising announcement.
At a glance
- Company
- INOS
- Announcement
- Financing
- Location
- Paris, France
Key figures
- Seed investment
- €500k
- Seed round goal
- €1 million
People
- Ines OsmaniCo-founder
- Sedki ChayataCo-founder
- Sheikh Ali Al MaktoumHis Highness; investment provider
- Tim BalgobinDirector of the Private Office of His Highness Sheikh Ali Al Maktoum
Products and programs
Technology and Vision: INOS looks to lead in the beauty tech industry, leveraging AI to analyze skin metrics from images and helps its users finding the right skincare products. This approach not only enhances consumer experience but also provides cosmetic brands with targeted advertising opportunities.
Future Prospects: With this investment, INOS has reached half of its €1 million seed round goal. The company aims to become a key player in the beauty tech industry, offering innovative solutions to both consumers and brands.
Quotes: "The investment in INOS aligns with our goal to support innovative startups. We view INOS as a pioneer in the beauty industry's technological evolution, and our investment is a step towards establishing Dubai as a global technology and AI hub," said His Highness Sheikh Ali Al Maktoum.
Victory: INOS's recent triumph at the 14th session of At’venture at Sciences Po Paris winning the first prize at the 14th session of At’venture at Sciences Po Paris on September 23, 2023. The company was awarded among more than 50 selected startups.
Announcement of the prize received by Atuge
Conclusion: INOS is cementing itself as a potential leader in the beauty tech sector, with significant investments and recognition being highlighted and which point out to its growth potential. As the company continues its fundraising efforts, its potential role in revolutionizing the beauty industry is becoming increasingly evident.
Contact Info:
Name: Ines Osmani
Email: Send Email
Organization: INOS
Phone: +33613586578
Website: https://inosapp.com/
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In brief
Paris-based INOS says it received €500,000 in seed funding from the Private Office of His Highness Sheikh Ali Al Maktoum. The company says the investment brings it halfway toward its €1 million seed-round target and will support further development of its technology platform and global expansion. Founded by Ines Osmani and Sedki Chayata, INOS is developing facial-scanning technology and an AI-based system to match users with skincare products. It also says its technology can help cosmetic brands reach targeted audiences. INOS showcased its technology at GITEX Dubai and reports winning first prize at the 14th session of At’venture at Sciences Po Paris, where it was selected among more than 50 startups. The release identifies the funding as a milestone in the company’s fundraising efforts.
Key takeaways
- INOS says Sheikh Ali Al Maktoum’s Private Office invested €500,000 in its seed round.
- The funding represents half of the company’s stated €1 million seed-round goal.
- INOS is developing facial scanning and AI-based skincare product matching technology.
- The company also reports showcasing at GITEX Dubai and winning an At’venture prize.
