Mumbai-based AI post-production startup Algomage has raised $850,000 (approx Rs 6.75 crore) in a pre-Seed funding round led by The DotIn Network, a closed-door network of investors for marquee family offices and angel investors.
Founded in 2021 by Anand Rathi, who has been named on the Top 100 photographers of the world list by Fearless in 2019, Algomage is a first full-stack artificial intelligence (AI) post-production suite that can process raw pictures into superlative images in near real-time.
With the help of machine vision and deep learning, Algomage said it automates mundane and time-consuming processes such as image selection, editing, and sharing, to boost image visibility, slash image delivery time and save thousands of man-hours for small and large businesses.
“Being a professional photographer entails having to scan through thousands of images every day in the hope of finding the perfect picture that would fit the client’s requirements. Moreover, they also need to reach out to more businesses and focus on improving their visibility by sharing their work on multiple platforms,” said Anand Rathi, Founder & CEO.
Its Algoshare tool is revolutionizing the way images are shared at live events and bringing in 10 times more visibility than conventional platforms. It will use the raised capital to introduce new tools to its AI post-production suite and to expand to overseas markets.
Algomage said it has more than 3,500 active users that process in excess of 5 million images every month through its platform. It currently caters to SMBs and enterprises that want to achieve the highest level of imaging at the lowest unit cost with the fastest possible turnaround time. Algomage can also be integrated within any existing tech stack via SDKs and APIs, it said.
“Algomage fits this description perfectly and is helmed by passionate individuals who are solving productivity bottlenecks for thousands of photographers using AI. We believe that Algomage is destined to lead the image post-production market in the near future and are glad to be partnering with them on the exciting journey ahead,” said Pranav Sanghvi, Managing Partner at The DotIn Network.
Source @Indianstartupnews
