2022
Gurugram (India)
Seed
Phot.AI is an innovative AI-driven creative automation platform founded in 2022 by Venus Dhuria, Aneesh Rayancha, and Akshit Raja. Headquartered in Gurugram, India, the company operates in the e-commerce technology sector, focusing on automating visual content creation for brands and retailers. Phot.AI's key markets include e-commerce businesses across various platforms like Amazon, Shopify, and Meta Ads.
Phot.AI offers a comprehensive suite of AI-powered tools for automating the creation of product images, ad designs, and marketplace listings. Its platform includes over 25 advanced photo editing tools and a design studio with an integrated app store. This automation enables brands to generate customized content without requiring design skills or rigid templates, ensuring consistency across multiple platforms and languages.
Phot.AI's unique value proposition lies in its ability to reduce manual effort and costs by up to 80%, accelerating brands' go-to-market strategies. The platform also facilitates A/B testing of creatives, which can boost conversions by 40%. This efficiency and scalability make it an attractive solution for e-commerce businesses seeking to enhance their digital presence.
Phot.AI generates revenue primarily through subscription-based services and API licensing for its photo editing tools. The company's business model is focused on B2B transactions, targeting e-commerce brands and retailers.
Subscription Services: Phot.AI offers subscription plans for access to its AI-powered creative automation platform, which includes tools for product photography, image enhancement, and batch processing.
API Licensing: The company earns revenue by licensing its photo editing APIs to businesses, allowing them to integrate these tools into their workflows.
Custom Solutions: Phot.AI may also offer customized solutions for large enterprises, providing tailored automation services for their specific needs.
Product Innovation: Continuous investment in R&D to enhance its AI capabilities and expand its toolset.
Market Expansion: Strategic partnerships and collaborations to increase its market presence globally.
Customer Segmentation: Phot.AI primarily targets B2B clients, focusing on e-commerce businesses across various sectors.
Market Expansion: Expanding its services to more e-commerce platforms and geographies.
Product Innovation: Launching new AI-powered tools, such as an AI creative copilot, to enhance its offerings.
Partnerships: Collaborating with industry leaders to increase adoption and improve its technology.
$2.7Million
1
$2.7Million, Seed
as of September 5, 2024
$11.9Million
as of September 5, 2024
4.41
as of September 5, 2024
Info Edge Ventures
and 2 more47
N/A
N/A
Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
---|---|---|---|---|---|---|
September 5, 2024 | Seed | $2.7Million | $11.9Million | - | - | Info Edge Ventures, Together, AC Ventures |