Morning Report: AI-driven image enhancement platform Meero has raised a $45 million Series B.
Paris-based photography platform Meero has raised $45 million in a Series B round led by Paris-based Alven Capital and Idinvest Partners, announced today. Founded in 2014, this is the third capital infusion for the company. Most recently, Meero raised $18 million in its Series A in September 2017. This latest round brings the company’s aggregate funding to $67.5 million, according to Crunchbase.
Meero aims to provide its customers with enhanced photography services. Its AI-driven photograph enhancement software is meant to reduce the time that photographers spend on editing and image enhancement.
Customers order a photoshoot through Meero, which then briefs the photographer that the customer has selected based on the requirements of the photoshoot. After the photos are taken, the images are uploaded and processed through Meero’s software, which the company claims is packed with over 25 million enhanced photos. The software analyzes the assets of the photo and, using that back-end data, produces an enhanced version of the photographs from the shoot for download.
Meero boasts more than 40,000 customers in more than 100 countries, including Airbnb, Houzz, and Doordash, and a team of 180 employees, per its website. The company currently operates in five verticals including real estate, food, lifestyle, e-commerce, and retail. Its software can process regular photos, 360-degree panorama photos, and videos. The company will reportedly use its latest funding to expand internationally to the U.S. and Asia-Pacific.
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Illustration Credit: Li Anne Dias
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