Algomage Raises $850,000 in Pre-Seed Round
Algomage, a Mumbai, India-based AI post-production startup, announced a pre-Seed funding round of $850,000 (roughly Rs 6.75 crore).
Algomage, a Mumbai, India-based AI post-production startup, announced a pre-Seed funding round of $850,000 (roughly Rs 6.75 crore).
The round was led by The DotIn Network, a closed-door network of investors for marquee family offices and angel investors.
The funds raised will be used to add new tools to its AI post-production suite and to expand into new markets.
“Being a professional photographer entails having to scan through thousands of images every day in the hope of finding the perfect picture that would fit the client’s requirements." Moreover, they also need to reach out to more businesses and focus on improving their visibility by sharing their work on multiple platforms,” Anand Rathi, Founder & CEO, said.
Algomage is using machine vision and deep learning to change the way the world edits images fundamentally.
Company: Picsniff Media Pvt. Ltd.
Raised: $.85K
Round: pre-Seed
Funding Month: Aug 2022
Lead Investors: The DotIn Network
Additional Investors:
Company Website: https://algomage.com/
Software Category: AI post-production
About the Company: Founded in 2021 by Anand Rathi, who was named on the Top 100 Photographers in the World list by Fearless in 2019, Algomage is the first full-stack artificial intelligence (AI) post-production suite that can process raw pictures into superlative images in near real-time. Algomage uses Artificial Intelligence to automate post-production ie. image selection, editing, and sharing. We use a combination of machine vision and deep learning technology to cut down image delivery time by 8x, boost image visibility by 15x, and save thousands of dollars worth of human effort while at it. Algomage has more than 3,500 active users that process more than 5 million images every month through its platform. It currently caters to SMBs and enterprises that want to achieve the highest level of imaging at the lowest unit cost with the fastest possible turnaround time.
Source: https://indianstartupnews.com/news/ai-post-production-startup-algomage-raises-850k-led-by-the-dotin-network/
