Photoroom Raises $43M in Series B Funding to Revolutionize AI Photo Editing for Businesses
Photoroom stands at the forefront of AI photo editing, offering innovative solutions that revolutionize the way businesses approach product imagery.
Company Name: Photoroom
Location: Paris, France
Sector: AI Photo Editing
Funding Details: Raised $43M in Series B funding, bringing total funding to $64M. The round was led by Balderton Capital and new investor Aglaé, with participation from YCombinator.
Purpose of Investment: To accelerate innovation in generative AI, expand model capabilities, invest in GPUs, secure imagery from leading providers and photographers, and double the team size by the end of 2024.
Leadership: CEO Matthieu Rouif
Product: Photoroom is an AI-powered photo editor that introduces advanced AI photo-editing tools for businesses, offering features like AI Backgrounds, AI Expand, AI Images, AI Fill, Auto-rotate, AI Upscale, and an Image Editing API. These features provide businesses with unprecedented creative control over their product images, from generating improved-quality AI backgrounds and expanding scenes around existing images to creating custom images from text prompts.
About Company: Photoroom stands at the forefront of AI photo editing, offering innovative solutions that revolutionize the way businesses approach product imagery. By harnessing the power of generative AI, Photoroom not only enhances the quality and creativity of images but also streamlines the editing process, allowing businesses to produce professional-grade photos with ease and efficiency.