Photoroom Raises $43M in Series B Funding

FRANCE – Photoroom, a Paris, France-based AI photo editor, raised $43M in Series B funding.

The round, which brought total funding to $64m, was led by Balderton Capital and new investor, Aglaé, with participation from YCombinator.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.Led by CEO Matthieu Rouif, Photoroom is an AI photo editor featuring new AI photo-editing tools that give businesses more creative control over their product images, including: The company’s collaboration with photographers and image providers around the world also ensures a diverse dataset, using images to train the model that have been used with the provider’s consent.27/02/2024