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Paris-based startup Photoroom has secured $43 million in Series B funding led by Balderton Capital, with a $500 million valuation. The company's AI model is acclaimed for generating images and has over 150 million downloads, processing approximately 5 billion images annually. Photoroom introduces 6 new GenAI features powered by its foundation model, aiming to revolutionize commerce photography.
Photoroom, An App That Generates AI Images In One Second, Is Now Worth $500 Million https://t.co/4FFbvliy0S
Top 5 funding rounds of the week: 📌 1. @photoroom_app - an AI photo editing app for businesses and consumers Founder: @matthieurouif Raised: $43 million at a $500 million valuation, led by Balderton Capital, with Aglaé and Y Combinator also participating. 📌 2.…
Photoroom is hitting a homerun. It's one of the most brilliant GenAI startups out there. Kudos @matthieurouif, @BenTheEgg & team! https://t.co/x1Tz8EyzCo