Poshmark, Inc. Acquires Suede One, a Leading Platform for Virtual Authentication of Sneakers
REDWOOD CITY, Calif., Oct. 13, 2021 /PRNewswire/ -- Poshmark, Inc. (NASDAQ:POSH), a leading social marketplace for new and secondhand style for women, men, kids, pets, home and more, today announced that it has acquired Suede One, a platform that combines machine learning, computer vision and expert human review to virtually authenticate sneakers. The Suede One team will join the Poshmark team, effective today.
This deal marks Poshmark's first acquisition and reflects the company's focus on strategic investments that drive continued platform innovation, accelerate growth in high-growth resale categories and enhance the user experience to attract and retain both buyers and sellers.
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