PhotoRoom Successfully Completes Financing, Marking a New Chapter in AI Image Editing
French startup PhotoRoom has recently completed a financing round of $50 to $60 million, reaching a valuation of $500 to $600 million. Balderton led the round, having been a major investor in the previous round, with several prior supporters also participating. PhotoRoom focuses on AI image editing applications and APIs, successfully breaking into the traditional image editing space. The company's B2B tools are popular among small businesses and e-commerce vendors, attracting major clients such as Warner Bros and Netflix. The company's success lies in its B2B focus, providing...