Phot.AI, an AI-driven content creation platform, has successfully raised $2.7 million in a seed funding round led by Info Edge Ventures. This investment aims to enhance the company's ability to automate creative processes for e-commerce brands, streamlining the production of product images, ad creatives, and cataloging tasks.
Key Details:
- Funding Amount: $2.7 million
- Funding Round: Seed
- Lead Investor: Info Edge Ventures
- Company Focus: Automating creative design for e-commerce
- Founded: 2022
- Headquarters: Gurugram, India
Founders' Background:
Phot.AI was co-founded by Venus Dhuria, Aneesh Rayancha, and Akshit Raja. Venus Dhuria has an extensive entrepreneurial background, having co-founded multiple companies, including Appyhigh, Cricnwin, MessengerX, Veda VC, and Rutogo. Aneesh Rayancha brings valuable experience from his previous ventures, contributing significantly to Phot.AI's strategic direction. Akshit Raja, also a co-founder, has a strong foundation in technology and innovation, having previously founded SocksJoint.
Funding Details:
The $2.7 million seed funding, led by Info Edge Ventures, is intended to accelerate Phot.AI's mission to simplify creative workflows in the e-commerce sector. This capital injection will be utilized to enhance the platform's AI capabilities, expand its product offerings, and scale operations to meet the growing demand for automated design solutions. Prior to this round, Phot.AI had raised $1.99 million in a seed round on September 5, 2024, with a post-money valuation of $11.9 million.