ImagenAI, a Tel Aviv, Israel-based provider of AI-powered editing solutions for professional photographers, announced that it raised a $30 million investment led by global growth investor Summit Partners with participation from existing investor NFX.
The financing will support continued investment in strategic hiring and M&A, expansion of the company’s SaaS product, and further acceleration of Imagen’s rapid growth.
Imagen plans to continue expanding its SaaS offering, including a near-term launch of a culling product that leverages a user’s AI-generated profile to select the best photos from a photoshoot to streamline the post-production process even further.
“We built Imagen to make photographers’ lives easier. Our AI-powered solution is designed specifically to automate the tedious aspects of post-production work, allowing each artist to maintain and evolve his or her creative style,” said Yotam Gil, co-founder, and CEO of Imagen. “Imagen essentially creates time for our photographers, allowing them to focus on the artistry of their work and deliver a better experience for their customers.”
Imagen’s end-to-end AI technology creates an individual profile based on a photographer’s previous work and unique creative style.
Today, Imagen is profitable and counts thousands of photographers as part of its growing user community, helping these creative professionals to provide better service for their customers, scale up their businesses, and develop their signature style.
Imagen edits more than 150 million photos annually and saves millions of hours of manual work each month for a wide range of customers, from individual photographers to big studios to other creative businesses.
Company: IMAGENAI LTD.
Raised: $30.0M
Round: Unknown
Funding Month: December 2022
Lead Investors: Summit Partners
Additional Investors:
Company Website: https://imagen-ai.com/
Software Category: AI Post-Production Software
About the Company: Imagen was founded in July 2020 by Yotam Gil, Ron Oren, and Yoav Chai to modernize and improve the post-production workflow of professional photographers by intelligently automating image editing at scale. Imagen is a developer of AI-powered editing solutions for professional photographers that helps professional photographers save valuable editing time. Imagen’s solution can save up to 90% of post-production time and turn many hours of manual work into seconds while preserving the personal style of each user. Imagen is on a mission to change the photography industry with AI-powered solutions that modernize the post-production workflow, enabling professional photographers to plan better, work less, earn more, and focus on the creative aspects of their job. Thousands of professional photographers trust Imagen to accelerate their editing process so they can spend more time doing what they love.
Source: https://www.businesswire.com/news/home/20221219005048/en/ImagenAI-Raises-30-Million-to-Bring-Artificial-Intelligence-to-Professional-Photography