Perfect Corp
| Company type | Public |
|---|---|
| Industry | Software as a service, Artificial intelligence, Augmented reality |
| Founded | 2015 |
| Founder | Alice Chang |
| Headquarters | New York City , United States |
Area served | Beauty and fashion industries |
| Products | AI-driven beauty assistant, virtual makeup try-on technology, AI APIs including virtual hairstyling, AI makeup transfer, age progression simulations, image enhancement tools |
Perfect Corp is an international SaaS company specializing in artificial intelligence and augmented reality, with its headquarters located in New York City. It delivers SaaS AI and AR solutions tailored for the beauty and fashion industries. The firm is publicly listed on the New York Stock Exchange under the ticker PERF.
The company has created an AI-driven beauty assistant designed for virtual experiences. This technology supports prominent brands such as Bobbi Brown, Estee Lauder, Madison Reed, and Ardell.
History
Established by Alice Chang in 2015, Perfect Corp was a pioneer in developing virtual makeup try-on technology featuring real-time camera interaction enhanced by machine learning. In 2020, it collaborated with Google to introduce virtual try-on capabilities within Google Shopping, as well as partnered with Snapchat to offer Shoppable AR beauty experiences.
In 2024, Perfect Corp announced a revenue growth of 12.5% year-over-year, reaching $60.2 million. Net income stood at $5 million, while adjusted net income increased by 18.6% to $8.3 million.
Significant collaborations include a September 2024 partnership with RéVive Skincare that utilizes AI combined with clinical trial data to create interactive visuals, and a November 2024 alliance with French skincare brand Holidermie to implement AI-powered Skincare Pro technology across retail outlets in Paris.
December 2024 marked the launch of AI APIs by Perfect Corp, facilitating seamless integration of advanced beauty features such as virtual hairstyling, AI makeup transfer, age progression simulations, and image enhancement tools. In the same month, the acquisition of Wannaby Inc. enhanced its AR and computer vision expertise within fashion and accessory sectors.
In January 2025, the company introduced the AI Frizzy Hair Analyzer as part of its expanding AI Hair Analysis suite. February 2025 brought a partnership with Inovshop Group to deploy the AI Skin Analysis system, Skincare Pro, at Amazon’s inaugural parapharmacy in Milan, equipped with self-service mirrors offering personalized skin assessments. Additionally, Skinworx medspa in California adopted Skincare Pro’s AI software to improve skincare diagnostics and treatment customization.
Awards
- 2025 Fast Company’s Most Innovative Companies in Retail
- 2024 Innocos Biohackers’ Choice Beauty Awards for Best Skincare Diagnostic and Best Haircare Diagnostic
- 2024 Business Intelligence Group Big Innovation Awards for 'AI Selfie'
- 2023 Webby Award Honoree
- 2023 Edison Best New Products Award for AgileHand
- 2022 HR Asia Best Companies to Work for in Asia Award
- 2021 International Brilliance Awards
- Japan BeautyTech Awards 2019
- 2019 Red Herring Top 100 Asia Winners
- 2017 Google Play "Editors' Choice" Award
- 2016 Trendsetter Award at Cosmoprof North America