2018
Gurugram (India)
Series A
Spyne is a Gurugram-based deep tech startup founded in 2018 by Sanjay Kumar and Deepti Prasad. The company specializes in providing AI-powered visual merchandising solutions primarily for the automotive industry, but it also serves various other sectors such as e-commerce, food, and fashion.
Spyne operates on a Software-as-a-Service (SaaS) model, offering its platform to businesses that require high-quality product images and videos. The company generates revenue through:
Subscription Plans: Businesses can subscribe to access Spyne's AI-powered tools for regular image and video enhancement.
Pay-per-Use Model: Companies can opt for a pay-per-image or pay-per-video service for one-off projects.
Enterprise Licensing: Customized solutions for larger organizations that need dedicated support and tailored services.
White-label Solutions: Licensing its technology to other businesses for integration into their platforms.
Spyne provides a range of services designed to streamline the creation of visual content:
Automated Image Editing: Features include background removal, color correction, and image enhancement.
Video Production: Creation of promotional videos and product demos.
360-Degree Product Photography: Interactive product images that enhance the online shopping experience.
AI-Powered Image Analysis: Insights into customer preferences and trends based on visual content.
Customized Solutions: Tailored services to meet specific business needs.
$16 million
6
$16.0Million, Series A
as of February 18, 2025
$23.7Million
as of June 12, 2024
-
as of N/A
Accel
and 9 more313
N/A
-
Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
---|---|---|---|---|---|---|
February 18, 2025 | Series A | $16.0Million | - | - | - | Vertex Ventures, Accel, Alteria Capital, Storm Ventures |
April 3, 2024 | Seed | $936.0K | $23.7Million | - | - | Anvaya Ventures, Upekkha, sci-fund ,Angel List, LetsVenture |
April 1, 2023 | Seed | $755.0K | $22.9Million | - | - | Accel, Storm Ventures, Alteria Capital |
December 24, 2021 | Seed | $7.0Million | $18.1Million | $358.0K | 31.1x | Accel, Core 91 VC, Pentathlon Ventures, CORE91.VC, Smile Group, Storm Ventures ,Wellfound, LetsVenture |
August 6, 2020 | Seed | $606.0K | $3.4Million | $98.3K | 28.3x | Wellfound, Smile Group, TO THE NEW, Unthinkable, Siva Equipment, Dragon Factory, SAS Group |
December 30, 2018 | Seed | $148.0K | $586.0K | $22.1K | 19.9x | Smile Group |