Spyne Raises $7 Million in Funding  

by Kay Aloha Villamor April 12th, 2022

Spyne, a Gurugram-based deeptech startup helping businesses and marketplaces create high-quality product images and videos at scale with AI, raised $7 million in its latest funding round.

The round was led by Accel, with participation from Storm Ventures, Smile Group, Pentathlon Ventures, Core91, and prominent founders/CXOs from leading internet companies. 

The fresh capital will be invested in acquiring talent, bolstering global expansion including the US market, and setting up a state-of-the-art computer vision lab for deeper R&D in the space.

The brand also intends to expand its technological horizons into the field of AR / VR to build products for Metaverse and Omniverse, the statement added. 

Company: Eventila Technologies Pvt Ltd.

Raised: $7.0M

Round: Unknown 

Funding Month: April 2022

Lead Investors: Accel

Additional Investors: Storm Ventures, Smile Group, Pentathlon Ventures, and Core91

Company Website: https://www.spyne.ai/

Software Category: AI Image Editing Tools

About the Company: Founded in 2018 by Sanjay Kumar and Deepti Prasad, Spyne claims to develop 100 percent automatic, industry-first AI image processing products to help large ecommerce marketplaces in the automotive, fashion, and retail industry enhances the visual value of the images without a physical studio. The AI tech products enable businesses to create 500x faster studio-finish images and help them scale operations in real-time. Currently serves more than 80 customers including Amazon India, Flipkart, Karvi, OLACars, SellAnyCar, Udaan, etc across 15 countries. The company recently launched its self-serve AI technology for the automotive industry – Spyne AI Cars – and will further be replicating the model for the ecommerce and food industry in the upcoming months.  

Source: https://yourstory.com/2022/04/funding-alert-computer-vision-startup-spyne-accel/amp




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