Spyne

Spyne

Deep tech company helping businesses create studio-finish catalogs

Founded

2018

Headquarters

Gurugram (India)

Status

Series A

Company Details

Website

Socials

Email

Phone

+1 (628) 600-9059

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.

Business Model

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.

Products and Services

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.

Key People

Sanjay Kumar Varnwal

Deepti Prasad

Key Metrics

Total Equity Funding

$16 million

No. of Funding Rounds

6

Latest Funding Round

$16.0Million, Series A

as of February 18, 2025

Post Money Valuation

$23.7Million

as of June 12, 2024

Funding Multiple

-

as of N/A

Investors

Accel

and 9 more

Employee Count

313

Similar Companies

N/A

Exit Details

-

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
February 18, 2025Series A$16.0Million--- Vertex Ventures, Accel, Alteria Capital, Storm Ventures
April 3, 2024Seed$936.0K$23.7Million-- Anvaya Ventures, Upekkha, sci-fund ,Angel List, LetsVenture
April 1, 2023Seed$755.0K$22.9Million--Accel, Storm Ventures, Alteria Capital
December 24, 2021Seed$7.0Million$18.1Million$358.0K31.1x Accel, Core 91 VC, Pentathlon Ventures, CORE91.VC, Smile Group, Storm Ventures ,Wellfound, LetsVenture
August 6, 2020Seed$606.0K$3.4Million$98.3K28.3x Wellfound, Smile Group, TO THE NEW, Unthinkable, Siva Equipment, Dragon Factory, SAS Group
December 30, 2018 Seed$148.0K$586.0K$22.1K19.9x Smile Group

Recent News