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Confirmed: Photoroom, the AI image editor, raised $43M at a $500M valuation

Photoroom, the AI-based photo editing app out of Paris that has been growing like a weed targeting people doing business online while also attracting a

The funding comes at a time when the company continues to see a lot of adoption amid a pretty competitive market, with other players including the likes of Picsart, which has raised nearly $200 million, Pixelcut. Other investors are not being disclosed but previous backers include Kima Ventures, FJ Labs, Meta, and a number of angels such as Yann LeCun, Zehan Wang (formerly of Magic Pony and Twitter), execs from Hugging Face and Disney+, and many more. Specifically, unlike a lot of startups in building AI applications, Photoroom has focused on training its own models from the ground up: that means the company needs to invest in compute power, ink deals for image rights from agencies and creators.

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