[Funding alert] Singapore startup FlixStock raises $2.5M from Wavemaker Companions, others

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Singapore-based deep tech startup FlixStock introduced on Wednesday it has raised $2.5 million in a spherical led by Wavemaker Companions and Seeds Capital. Leo Capital additionally participated within the spherical.

The startup, which focuses on trend picture know-how, will use the freshly raised funding to open new generative Synthetic Intelligence (AI) analysis centres in Singapore and to develop within the USA.

funding


Rahul Garg, Founder and Managing Companion at Leo Capital, mentioned:

“FlixStock has created an unbelievable suite of merchandise for trend retailers globally. We have been one of many earliest buyers at FlixStock and took part on this spherical due to their achievements, enabled by a powerful tradition of know-how innovation”.

Based by IIT Kanpur alumni Harindar Keer, FlixStock solves the challenges across the creation and utilization of trend photos in on-line retail. Utilizing deep studying algorithms, FlixStock claims it may create website-ready mannequin photos at scale, with out the necessity for elaborate photo-shoots.

The category-defining startup launched programmatic visible content material creation in 2015. After three years of analysis and improvement, FlixStock got here out of stealth mode and launched a set of options for on-line retailers in 2018, and has since been offering end-to-end imagery options for main ecommerce manufacturers.

Within the final two years, FlixStock has expanded its international presence to seven workplaces, and the corporate serves greater than 60 main retailers globally. Its major mission is to assist trend retailers create photos effortlessly and economically. 

FlixStock was one of many 10 startups that graduated from the seventh-edition of Goal Accelerator Program.

Harindar mentioned in a launch:

“Pictures are key to profitable ecommerce, however the manufacturing of trend photos has by no means seen any innovation. With FlixStock’s know-how, merchandise are actually prepared to go surfing in matter of hours, as an alternative of weeks. We provide a set of options to assist retailers create photos in massive scale, at a fraction of the present prices. This funding will additional strengthen our tech stack in Generative AI and group enlargement worldwide.”

(Edited by Megha Reddy)

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