Photoroom, Worth $500 Million, Can Generate AI Images In 1 Second
The Paris-based startup raised $43 million in Series B funding and announced a new foundational model faster than other AI models at generating images.
Source: forbes.com
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Confirmed: Photoroom, the AI image editor, raised $43M at a $500M valuation
Photoroom, the AI-based photo-editing app out of Paris that has been growing like a weed targeting people doing business online while also attracting a lot of casual users to boot, confirmed it closed its latest funding round: $43 million at a $500 million valuation, according to CEO and co-founder Matthieu Rouif, who co-founded Photoroom with CTO Eliot Andres. The funding comes at a time when the company continues to see a lot of adoption amid a pretty competitive market, with other players including the likes of Picsart, which has raised nearly $200 million, and Pixelcut. Photoroom sa...
Source: yahoo.com