Tech Company Financing Transactions
PhotoRoom Funding Round
PhotoRoom closed a $43 million Series B funding round on 2/27/2024. Investors included Aglaé Ventures, Balderton Capital and Y Combinator.
Transaction Overview
Company Name
Announced On
2/27/2024
Transaction Type
Venture Equity
Amount
$43,000,000
Round
Series B
Investors
Proceeds Purpose
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.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
73 Boulevard de Sébastopol
Paris, 75003
France
Paris, 75003
France
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
PhotoRoom provides photo editing software powerful enough to create outstanding images yet simple enough to be used without any training. We leverage deep learning to translate pixels into objects, drastically simplifying non-creative tasks such as removing backgrounds from images or removing objects.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Founder
Eliot Andres
Founder
Matthieu Rouif
Browse more venture capital transactions:
Prev: 2/27/2024: Orchard Robotics venture capital transaction
Next: 2/27/2024: Intenseye venture capital transaction
Share this article
About Database of VC Transactions
We do our best to document every notable VC transaction. VC transactions on this site are derived from a variety of public sources. The data is sourced from VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs