Photoroom, a Paris, France-based AI photo editor, raised $43M in Series B funding.
The round, which brought total funding to $64m, was led by Balderton Capital and new investor, Aglaé, with participation from YCombinator.
The company intends to use the funds to accelerate its innovation in generative AI expanding its model capabilities by investing in more GPUs, securing imagery from leading image providers and photographers, and doubling the size of the team by the end of 2024 by hiring talent.
Led by CEO Matthieu Rouif, Photoroom is an AI photo editor featuring new AI photo-editing tools that give businesses more creative control over their product images, including:
- AI Backgrounds (formerly Instant Backgrounds): Generate improved-quality AI backgrounds for product photographs
- AI Expand: Use generative AI to realistically expand the scene around an existing image
- AI Images: Create custom images from scratch using text prompts
- AI Fill: Customize an item or area of an image with AI for more creative control
- Auto-rotate: Correct the camera angle with AI for more professional images
- AI Upscale: Enhance the resolution of images for higher quality photos
- Image Editing API: Businesses can use an API to generate and edit hundreds of images in seconds
The company’s collaboration with photographers and image providers around the world also ensures a diverse dataset, using images to train the model that have been used with the provider’s consent.
FinSMEs
27/02/2024