Where is ModiFace located?

ModiFace is headquartered in Toronto, Canada.

How many employees does ModiFace have?

As of Aug 31, 2026, the latest employee count at ModiFace is 70.

Is ModiFace a funded company?

ModiFace is a funded company, having raised a total of $4.3M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round.

When was the latest funding round of ModiFace?

ModiFace's latest funding was a $***** Series A round on 2012, with participation from 1 investor.

Where does ModiFace rank among its competitors?

ModiFace ranks 11th amongst 162 active competitors, of which 25 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was Orbo, which secured $1M in Sep, 2024.

Who are the top competitors of ModiFace?

ModiFace's top competitors include Perfect Corp, True Fit and Banuba. Among them, Orbo secured the most recent funding round in September, 2024.

ModiFace - 2026 Company Profile, Team, Funding & Competitors

ModiFace is an acquired company based in Toronto (Canada), founded in 2006 by Parham Aarabi. It operates as a 3D AR makeup mirror. ModiFace has raised $4.3M in funding. The company has 162 active competitors, including 25 funded and 9 that have exited. Its top competitors include companies like Perfect Corp, True Fit and Banuba.

Company Details

ModiFace is focused on facial visualization and virtual modification. ModiFace markets 3D AR makeup mirror to help brands and retailers market their products to consumers standing at cosmetic counters as well as shopping at home. Its proprietary technology can simulate makeup products such as lipstick and eyeshadow in real time and in full 3D. Claims to be the world’s largest (performing nearly 750,000 makeovers per day) and most advanced (based on the number and technical complexity of the visualizations) virtual makeover platform, with nearly 100 websites in North America, Latin America, Europe, and Asia using ModiFace technology.

Website: modiface.com
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Key Metrics

Founded Year

2006

Location

Toronto, Canada

Stage

Acquired

Total Funding

$4.3M in 2 rounds

Latest Funding Round

Series A, 2012, $*****

Investors

Ontario Centre of Innovation

Ranked

11^th among 162 active competitors

Employee Count

70 as on Aug 31, 2026

Similar Companies

Perfect Corp & 50 more

Exit Details

Acquired by L'Oreal (Mar 16, 2018)

View ModiFace's full profile

ModiFace got acquired by L'Oreal on Mar 16, 2018.

Click here to take a look at ModiFace's acquisition in detail

ModiFace has raised a total funding of $4.3M over 2 rounds. Its latest funding round was a Series A round on 2012 for $*****. 1 investor participated in its latest round. ModiFace has 1 institutional investor.

Here is the list of recent funding rounds of ModiFace:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
2012	7432	Series A	3688	2259	6628	7974

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View details of ModiFace's funding rounds and investors

The founders of ModiFace is Parham Aarabi.

Here are the details of ModiFace's key team members:

Parham Aarabi: Founder & CEO of ModiFace.

View details of ModiFace's Founder profiles and Board Members

ModiFace's employee count trend

ModiFace has 70 employees as of Aug 26. Here is ModiFace's employee count trend over the years:

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Top competitors of ModiFace include Perfect Corp, True Fit and Banuba. Here is the list of Top 10 competitors of ModiFace, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Perfect Corp 2014, Taipei (Taiwan), Public	Provider of AI and AR-based virtual makeup application solutions	$75M	Goldman Sachs Investment Partners, Alibaba Group ... & 5 others	68/100
2nd	True Fit 2009, Boston (United States), Series C	Provider of an AI sizing platform for apparel and footwear retailers	$148M	Georgian, Jump Capital & 11 others	63/100
3rd	Banuba 2016, Hong Kong (China), Series A	Developer of augmented reality software development kits and virtual try-on platform	$12M	Larnabel Ventures, VP Capital	63/100
4th	Scapic 2016, Bengaluru (India), Acquired	Developer of web-based platform for developing interactive content without coding	$985K	Speciale Invest, T-Hub & 13 others	59/100
5th	ThreeKit 2005, Chicago (United States), Series B	AR-based product visualization platform for the retail industry	$65.5M	Shasta Ventures, Leaders Fund & 8 others	56/100
6th	Revieve 2016, Helsinki (Finland), Series A	Provider of AI and AR solutions for beauty brands and retailers	$2.08M	Businessfinland, Virala & 3 others	52/100
7th	Orbo 2016, Mumbai (India), Series A	AI-powered visual intelligence solutions for the beauty and personal care sector	$4.37M	LetsVenture, YourNest & 66 others	51/100
8th	MemoMi 2012, Palo Alto (United States), Acquired	AR & AI mirror software transforming luxury shopping with personalized experiences	-	-	45/100
9th	Wanna 2017, Redwood City (United States), Acquired	Developer of virtual try-on and 3D solutions for fashion brands	$2M	Bulba Ventures, Haxus	44/100
10th	GlamAR 2020, Mumbai (India), Unfunded	It offers 3D, AR, and VR solutions for retail and e-commerce	-	-	43/100
11th	ModiFace 2006, Toronto (Canada), Acquired	3D AR makeup mirror	$4.3M	Ontario Centre of Innovation	42/100