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PhotoRoom just raised. Here's exactly what to do next.

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Source: Photoroom, The Ai Photo Editing App, Is Raising $50M-$60M At A $500M-$600M Valuation

PRIVATEJan 09, 2024•over 2 years ago

Amount Raised

$60 Million

ParisInformation Technology

Description

PhotoRoom — a startup out of Paris, France — has built a popular AI-based image editing app and API targeting e-commerce vendors, media specialists, and others. Multiple sources say that the startup is raising between $50 million and $60 million on a pre-money valuation of between $500 million and $600 million.

Company Information

Company

PhotoRoom

Location

5 RUE BACHAUMONT

Paris, Ile De France, France

About

Photoroom is the world's #1 AI Photo Editor. Our mission: to put the power of great images into more people's hands. Photoroom elevates businesses through amazing photography. We use AI to make photo-editing feel easy and delightful, and the end results look pro. Since launching in 2019, PhotoRoom has been downloaded over 100 million times worldwide with a 4.7-star rating from 1+ million reviews. PhotoRoom was also named Editor's Choice by both Google and Apple for 2023.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies.

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