Photoroom, a Paris-based AI photo editing startup, has successfully raised $43 million in a Series B funding round, achieving a valuation of $500 million. The funding round was led by Balderton Capital and Aglae Ventures. This significant financial milestone coincides with the launch of Photoroom's new AI model, which has been praised for its ability to generate images more efficiently than competitors like Midjourney and Dall E. The startup, which has now surpassed 150 million downloads, processes approximately 5 billion images annually. Photoroom has introduced six new GenAI features, including a text-to-image model, generative fill, and improved AI backgrounds. These advancements are powered by Photoroom's own foundational model, positioning it as a leader in commerce photography and the world's #1 AI photo-editing app. The company's growth and innovation have garnered widespread acclaim, with endorsements from prominent platforms and investors.