Perfect Corp

Last updated

Perfect Corp.
Company type Public
NYSE:  PERF
Industry Saas, AI, AR
FoundedJune 1, 2015
FounderAlice Chang
Headquarters
New Taipei City, Xindian District
,
Taiwan
Area served
Worldwide
ProductsAI and AR beauty technological products, YouCam Perfect, YouCam Makeup
ServicesSaaS, AI, AR beauty and fashion tech services
Number of employees
201–500 (2023)
Website www.perfectcorp.com

Perfect Corp is a global SaaS artificial intelligence and augmented reality company. It is headquartered in New York. The company provides SaaS AI, AR beauty and fashion tech services. [1] [2] [3] It is listed on New York Stock Exchange with trade symbol (PERF). [4] [5]

Contents

Perfect Corp has created an AI beauty assistant for the virtual world. [6]

Their technologies are used by brands including Bobbi Brown, Estee Lauder, Madison Reed, and Ardell. [7] [8]

History

Founded by Alice Chang [9] in 2015, [10] [11] Perfect Corp was the first[ when? ] company to develop makeup virtual try-on with real-time camera support powered by machine learning. [12] [13] In 2020, Perfect Corp partnered with Google to launch a virtual try-on feature in Google shopping. [14] [15] It also partnered with Snapchat for Shoppable AR beauty try-on. [16]

In 2024, Perfect Corp. reported a 12.5% year-over-year revenue increase, reaching $60.2 million, with net income at $5 million and adjusted net income rising 18.6% to $8.3 million. [17] [18] [19]

In September 2024, RéVive Skincare partnered with Perfect Corp. to harness AI technology, utilizing data from RéVive's clinical trials to create interactive before-and-after visuals. [20]

In November 2024, Perfect Corp. partnered with French skincare brand Holidermie to integrate its AI-powered Skincare Pro technology into Holidermie's flagship retail locations in Paris. [21]

In December 2024, Perfect Corp. launched a suite of AI APIs designed to simplify the integration of advanced AI-powered beauty technology into various products and applications. These APIs offer features such as virtual hairstyles and wig try-ons, AI makeup transfer, age-progression simulations, text-to-image generation, and AI image enhancement tools. [22]

At the same time, Perfect Corp. announced its acquisition of Wannaby Inc., a company specializing in augmented reality (AR) and computer vision technologies. [23] [24] [25] [26]

In January 2025, Perfect Corp. introduced the AI Frizzy Hair Analyzer, an addition to its AI Hair Analysis suite, designed to assess hair frizz levels using artificial intelligence. [27]

In February 2025, Perfect Corp. collaborated with Inovshop Group to integrate its AI Skin Analysis tool, Skincare Pro, into Amazon's inaugural parapharmacy in Milan, Italy. This initiative features self-service mirrors equipped with iPads, enabling customers to receive personalized skin consultations by analyzing 15 unique skin concerns. [28] [29] [30]

Also, in February, Skinworx, a skincare and aesthetic treatment provider, integrated Perfect Corp.'s Skincare Pro AI software at its medspa in Walnut Creek, California. [31] [32] [33]

Awards

References

  1. ↑ Debter, Lauren. "You Can Try Makeup Online Before You Buy It, Thanks To This Woman Entrepreneur". Forbes.
  2. ↑ "How to participate in AR beauty virtual try-on experiences - Manufacturer Center Help". support.google.com.
  3. ↑ Ng, Cherry (April 11, 2024). "Perfect Corp.: Rising With AI And AR/VR For Beauty And Fashion". Seeking Alpha. Retrieved April 14, 2025.
  4. ↑ "NYSE". www.nyse.com.
  5. ↑ "Perfect Corp. Class A (PERF)". NASDAQ.
  6. ↑ yahoo!finance (May 6, 2024). "Perfect Corp. Unveils Unique 'Beautiful AI' Brand Solutions for Beauty, Skincare, and Fashion at Viva Technology 2024". Yahoo.
  7. ↑ Forbes (January 11, 2023). "You Can Try Makeup Online Before You Buy It, Thanks To This Woman Entrepreneur". Forbes.
  8. ↑ BBC (June 21, 2021). "Virtual beauty tests used to be gimmicky but now they are useful". BBC.
  9. ↑ Watson, Rana Wehbe. "Forbes Asia's Power Businesswomen 2023". Forbes. Retrieved September 23, 2024.
  10. ↑ Debter, Lauren. "You Can Try Makeup Online Before You Buy It, Thanks To This Woman Entrepreneur". Forbes. Retrieved September 23, 2024.
  11. ↑ Pastore, Alexandra (November 4, 2022). "Perfect Corp. on the Evolution of the Shopping Experience". WWD. Retrieved September 23, 2024.
  12. ↑ Hopkins, Kathryn (October 31, 2022). "Beauty Tech Company Perfect Corp. Goes Public". WWD.
  13. ↑ Kite-Powell, Jennifer. "Check Out These New Shoppable AR Lenses From Snapchat And MAC Cosmetics". Forbes.
  14. ↑ "Perfect Corp Teams With Google To Help Consumers Virtually Try On Makeup - PYMNTS.com". Pymnts. June 1, 2021.
  15. ↑ Perez, Sarah (December 17, 2020). "Google now lets you virtually try on makeup using AR, shop from influencer videos". TechCrunch.
  16. ↑ Cohen, David (December 10, 2020). "Snap Teams Up With Beauty Tech Solutions Provider Perfect Corp". www.adweek.com.
  17. ↑ MarketScreener (February 26, 2025). "Perfect Corp Anticipates A Year-Over-Year Total Revenue Growth Rate Of 13% To 14.5% For 2025, Compared To 2024 | MarketScreener". www.marketscreener.com. Retrieved April 14, 2025.
  18. ↑ "Perfect Corp.'s Q4 Revenue Jumps 12.6%, Beating Estimates". Yahoo Finance. March 13, 2024. Retrieved April 14, 2025.
  19. ↑ news/author/tipranksnewsdesk. "Perfect Corp. Class A: Positive Growth Amid Challenges - TipRanks.com". TipRanks Financial. Retrieved April 14, 2025.{{cite web}}: |last= has generic name (help)
  20. ↑ WW, FashionNetwork com (September 12, 2024). "RéVive Skincare partners with Perfect Corp". FashionNetwork.com. Retrieved April 14, 2025.
  21. ↑ "Perfect Corp Uses AI To Transform In-Store Skincare in the City of Love with Holidermie". Happi. November 27, 2024. Retrieved April 14, 2025.
  22. ↑ Staff, My Startup World (December 31, 2024). "Perfect Corp launches AI APIs to easily integrate AI beauty technology into products and applications". My Startup World - Everything About the World of Startups!. Retrieved April 14, 2025.
  23. ↑ "With the acquisition of Wannaby, Perfect Corp strengthens its position in fashion and accessories". Luxus Plus. April 11, 2025. Retrieved April 14, 2025.
  24. ↑ "Perfect Corp acquires startup to expand AI/AR fashion applications". DIGITIMES. January 2, 2025. Retrieved April 14, 2025.
  25. ↑ WW, FashionNetwork com (December 30, 2024). "Perfect Corp acquires Farfetch's Wannaby". FashionNetwork.com. Retrieved April 14, 2025.
  26. ↑ PYMNTS (December 25, 2024). "Perfect Corp. to Expand Virtual Try-On Applications With Wannaby Acquisition". PYMNTS.com. Retrieved April 14, 2025.
  27. ↑ Staff, American Salon (February 4, 2025). "Beauty AI Developer Perfect Corp. Releases Frizzy Hair Analyzer | American Salon". www.americansalon.com. Retrieved April 14, 2025.
  28. ↑ "Perfect Corp Ramps Up In-Store AI Experience in Amazon's Debut Parapharmacy in Milan". Happi. February 13, 2025. Retrieved April 14, 2025.
  29. ↑ "Delarom continues its repositioning with Perfect Corp's AI Skincare Pro". Premium Beauty News. Retrieved April 14, 2025.
  30. ↑ StockTitan (February 13, 2025). "Revolutionary AI Skin Analysis Debuts at Amazon Milan: Perfect Corp. Transforms Retail Beauty Experience". Stock Titan. Retrieved April 14, 2025.
  31. ↑ StockTitan (February 25, 2025). "How Perfect Corp's AI Is Revolutionizing Skincare Analysis at Luxury Medspas". Stock Titan. Retrieved April 14, 2025.
  32. ↑ "Beauty AR Company and Makeup AR Technology Platform". www.perfectcorp.com. Retrieved April 14, 2025.
  33. ↑ "Personalized Skincare Perfected: SKINWORx Adopts Perfect Corp.'s Skincare Pro AI". Nasdaq. March 27, 2024. Retrieved April 14, 2025.
  34. ↑ Gagne, Yasmin (March 18, 2025). "The most innovative companies in retail for 2025". Fast Company. Archived from the original on April 6, 2025. Retrieved April 25, 2025.
  35. ↑ StockTitan (January 30, 2024). "Perfect Corp. Wins Two Innocos Biohackers' Beauty Awards for Best Skincare Diagnostic and Best Haircare Diagnostic with its Beautiful AI Solutions". Stock Titan. Retrieved April 14, 2025.
  36. ↑ "Perfect Corp's 'AI Selfie' Wins Innovation Award". Beauty Packaging. January 11, 2024. Retrieved April 14, 2025.
  37. ↑ "Perfect Corp (PERF) Stock Price & News". webbyawards.com.
  38. ↑ "2023 Winners". Edison Awards.
  39. ↑ "2021 Brilliance Awards - Winners Announced". BOC UK. December 10, 2021.
  40. ↑ "Japan BeautyTech Awards 2019". beautytechawards.com (in Japanese).
  41. ↑ "2019 Red Herring Top 100 Asia Winners". Red Herring.
  42. ↑ "YouCam Makeup named Google Play "Editors' Choice"". FashionNetwork.com.
  43. ↑ Brookman, Faye (August 1, 2016). "Cosmoprof Raises Roof on Attendance and Innovation". WWD.
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