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