10Beauty
10Beauty has developed 'The 10', the world's first fully automated manicure machine, raising $38M in funding and pre-selling 1,000 units to major retailers.
Automated Manicure Machine - The 10
10Beauty has developed the world's first fully automated manicure machine called 'The 10'. This machine performs a complete 5-step manicure process without the need for extra labor. The system utilizes proprietary custom-cut, acetone-soaked sponges for nail polish removal and a specialized tool for brushing away cuticles without blades. The design of 'The 10' includes single-use pods to ensure hygiene and freshness, providing a safe and efficient service. The device integrates advances in robotics, computer vision, and machine learning to deliver high-quality manicures in diverse settings.
10Beauty Equity Funding
10Beauty has successfully raised $38 million in equity funding. This includes a $17 million extension to their Series A round, which was led by Shine Capital. The funding highlights significant investor confidence in the company's innovative technology and market potential. These financial resources are crucial for further development and scaling of their primary product, 'The 10', as well as for market expansion and operational enhancements.
Pre-Sales and Major Clients
10Beauty has pre-sold 1,000 units of their automated manicure machine, 'The 10', to prominent businesses such as Nordstrom and Ulta Beauty. This strong demand before the official launch underlines the product's market appeal and the trust that leading retail brands place in 10Beauty's innovation. These pre-sales are part of the company's strategy to forecast $13 million in pre-launch annual revenue. Partnerships with top-tier clients position 10Beauty well for a successful market entry.
Mobile App for Customization
10Beauty offers a mobile app that enables users to customize their manicure experience with 'The 10'. The app provides various options for personalization, allowing users to select nail polish colors, designs, and other manicure preferences. This feature enhances the user experience by providing flexibility and control over the manicure process. The app is an integral part of 10Beauty's approach to combining technology with beauty services, ensuring that clients receive exactly what they desire.
Engineering and Technology Development
The development of 'The 10' involved a team of 35 engineers. These experts utilized advances in robotics, computer vision, and machine learning to create a fully automated manicure system. The high-tech engineering behind 'The 10' ensures precision, efficiency, and a high standard of quality in manicure services. By leveraging cutting-edge technology, 10Beauty aims to revolutionize the beauty industry, particularly in offering manicures at non-traditional locations such as high-end hair salons and retailers.