// startup autopsy

Evision Systems

Visual commerce technology that couldn't find its market in time

marketfitSilent Shutdown

Quiet closure with no public announcement · Fatal mistake: Failed to convert technology capability into signed retail enterprise contracts before seed capital was exhausted, leaving the company without revenue or validation.

Founded	2010
Closed	2013
Country	Israel
Sector	Ecommerce

50%

Key Events Timeline

2010-01-01

FOUNDING

Evision Systems founded in Israel to develop visual search and product discovery technology for ecommerce retailers.

2011-06-01

FUNDING

Raised $350K in seed funding to finalize product development and pursue retail enterprise partnerships.

2012-02-01

PRODUCT LAUNCH

Launched visual commerce platform targeting online retailers, struggling to close enterprise deals against established competitors.

2013-04-01

SHUTDOWN

Evision Systems shut down after failing to convert technology into enterprise revenue and exhausting its seed capital.

Full Analysis

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Documented cause

Evision Systems was an Israeli ecommerce startup focused on visual search and product discovery technology. The company raised $350,000 in initial funding but ultimately failed to achieve product-market fit. Ke...

y challenges included inability to secure enterprise retail partnerships, which are critical for B2B visual commerce solutions, and failure to build meaningful consumer traction for its technology. Th

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€0.4M

Peak valuation

HypeCycle · MoatType · ResearchTags

Evision Systems raised €0.35M before failed to convert technology capability into signed retail enterprise contracts before seed capital was exhausted, leaving the company without revenue or validation. ended it. See the documented cause, verified lesson and all failure signals.

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Key Events Timeline

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