43M

Enterprise, Robotics & AI, Venture

Breaking News: Photoroom, the Revolutionary AI Image Editor, Secures $43M Investment at $500M Valuation

At the time, it looked like it would be more than $50 million; in the end it ended up a little lower. This latest round brings the total raised by the company, which was founded about four years ago, to $64 million. Photoroom plans to use the funding to hire more people and to continue investing in its R&D and infrastructure. Other features it offers includes AI-generated backgrounds, scene expansions, AI-generated images, and a plethora of image editing tools. “Photoroom’s generative AI capabilities are unparalleled, and we have no doubt that they will continue to lead the way in this rapidly evolving landscape.”

Dylan Williams
February 27, 2024
1 Comment

Robotics & AI

Harnessing AI: Luma Secures $43M to Revolutionize 3D Modeling

The next will be developing “next gen” generative AI models that address what Yu characterizes as the “uncanny valley” problem in current-gen GenAI. To go beyond language models, the next unlock will come from vision,” Yu told TechCrunch in an email interview. Luma’s current focus — launching 3D model-creating AI models — is an increasingly competitive space. Even incumbents like Autodesk and Nvidia are beginning to dip their toes in the sector with apps like Get3D, which converts images to 3D models, and ClipForge, which generates models from text descriptions. An improved version of Genie launches today, but future, more capable generative AI models are a ways away.