TGC Capital Partners Invests in Catecut to Accelerate Innovation and Expansion
Icelandic AI company, Catecut, has signed a partnership agreement with TGC Capital Partners for collaboration and investment. Catecut is quickly becoming a leader in AI Vision-enabled automation for fashion-focused product content. Its industry-changing technology is already used by both emerging brands and major fashion enterprises.
TGC Capital Partners, the strategic investment arm of the Gateway Group of Companies, evaluates more than 300 opportunities annually, and has chosen to invest capital and technological resources into Catecut, to support its next stage of expansion.
“Catecut’s powerful technology uses AI and computer vision to automatically generate rich, multilingual product descriptions, metadata and tags by interpreting fashion product imagery. This helps brands and marketplaces save valuable time, reduce costs, and enhance their online presence across markets,” says Ingi Björn Sigurðsson, Investment Director at TGC Capital Partners. “What stood out to us at TGC Capital is the clarity of purpose and innovative mindset of Heiðrún Ósk Sigfúsdóttir and her team. Their solution bridges creativity and automation – two forces reshaping the future of digital commerce. Through our partnership, we aim to accelerate Catecut’s global expansion, leveraging Gateway Group of Companies’ technological expertise, ecosystem, and international reach to unlock opportunities across Europe, Asia, and beyond.”
“It is invaluable to receive support from TGC Capital Partners to scale our solution and gain international traction,” says Heiðrún Ósk Sigfúsdóttir, Founder and CEO of Catecut. “As a former fashion brand founder and product information management expert, I know how important it is to the global fashion e-commerce industry to remove manual processes that cause product availability bottlenecks. Catecut enables e-commerce fashion brands to instantly populate PDPs, and strengthen the online shopping experience to drive sustainable sales. With TGC’s partnership, Catecut’s team has the resources needed to quickly accelerate the market adoption of our solution.”
For more information, visit http://catecut.com/ and https://www.tgccapitalpartners.com/
