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Sources: PhotoRoom, the AI photo editing app, is raising $50M-$60M at a $500M-$600M valuation
Apps that let users take, manipulate and share images have been some of the biggest hits in the world of mobile over the years. Now, the influx of AI is
PhotoRoom — a startup out of Paris, France — has built a popular AI-based image editing app and API targeting e-commerce vendors, media specialists, and others. In addition to Balderton, existng backers include Adjacent, Kima Ventures, FJ Labs, Meta, Y Combinator (where it was a member of the Summer 2020 cohort, its first remote batch in the wake of Covid-19) 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. Up to now, PhotoRoom has been building its platform based on its own vision models, trained on its own data — one way of making sure to have better control over those images and avoid copyright issues down the line.
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