Presize has now been formally admitted to Meta, the organization that controls Facebook. The acquisition was allegedly completed in April, but neither Presize nor Meta released an official comment at the time.
Presize’s founding CEO and AI expert, Leon Szeli, wrote on his social media accounts to confirm the acquisition and to announce that Presize is now a part of Meta and is no longer a separate software company. Awais Shafique, the founding CPO, also wrote on his LinkedIn that he was thrilled to be a part of Meta and was looking forward to what the future holds. The original CTO of the Presize and a devoted commenter on the news is Tomislav Tomov.
Resize is AI-powered software that may assist you in determining the precise size of the outfit you are purchasing online that perfectly fits you, saving you time by preventing the need to return or exchange it. Resize’s business model previously utilized a b2b model, whereby online retailers that already had their own apps teamed with Resize and incorporated Resize’s plugin to those apps.
Resize would utilize its algorithm on the 360-degree footage of a potential new customer to determine the ideal size for him whenever he was about to purchase anything. Once the procedure is complete, Resize will suggest the best size for the customer every time they purchase something from that business or another one that is affiliated with it. If you believe you can fit into a medium-sized shirt, think again because some manufacturers make extremely small medium-sized shirts and they go up to double or triple XL. Every brand and piece has its own distinct sizing. This issue is resolved by Resize, which calculates the sizes of each item in the store using metric measurements.
However, the Presize would now only be available on Facebook’s marketplace, and no other company or retailer could collaborate with it. All of the Resize staff were also taken on by Meta, who relocated them to the Meta office in Munich, where they received fantastic raises and other benefits. Resize and Meta’s developers are trying to integrate Resize into Meta’s servers, therefore it is unclear when users will be able to utilize Resize on Facebook Marketplace.