Barbie selfie start-up’s $500M appraisal exposes the power of memes

Barbie selfie start-up’s $500M appraisal exposes the power of memes

0 minutes, 34 seconds Read

A French start-up well-known for a Barbie selfie generator hasactually raised $43mn round at a $500mn appraisal in a display for meme magic.

Paris-based Photoroom raised the eye-popping amounts in a Series B round led by Balderton Capital and French VC Aglaé Ventures. Y-Combinator likewise contributed to the money injection, which brings Photoroom’s overall financing to a cool $64mn.

The start-up declares to have established the world’s most popular AI image editor. Since introducing in 2019, the app hasactually been downloaded over 150 million times, according to Photoroom.

Unlike most AI start-ups, the business has experienced its own designs from scratch. It likewise simply revealed a brand-new structure design constructed for item photography.

The <3 of EU tech

The mostcurrent rumblings from the EU tech scene, a story from our sensible ol’ creator Boris, and some doubtful AI art. It’s complimentary, every week, in your inbox. Sign up now!

Impressive things, no doubt, however the meme magic emerged from a various source: the Barbie selfie maker.

This Barbie is a mermaid!! #BarbieTheMovie 💗🧜🏼‍♀️💕🌊 @barbiethemovie pic.twitter.com/cWeAlQZfAh

— DUA LIPA (@DUALIPA) April 4, 2023

Barbie and AI develop a winning formula

Launched to promote the Oscar-winning movie, the generator superimposes profile images onto a Barbie motionpicture poster. Users can likewise include

Read More.

Similar Posts