Spyne raised $7 mn in its Funding Round

Deep tech startup, Spyne has announced that in its latest fundraising round, it has raised $7 million, This fundraising round was led by Accel, This fundraising round also saw the participation of from other marquee investors including Storm Ventures, Smile Group, Pentathlon Ventures, Core91, and prominent founders/CXOs from leading Internet companies. This startup assists marketplaces and businesses to create high-quality product images and videos at scale with Artificial Intelligence.

Spyne was founded by Sanjay Kumar and Deepti Prasad in the year 2018. It creates completely automatic industry-first AI image processing products to assist large e-commerce marketplaces in the automotive, fashion and retail industries. After the latest fundraising round, Sanjay Kumar, Co-founder, and CEO at Spyne said:  “Our vision is to empower the smallest of sellers, situated in the farthest of corners, to create superior product images and videos, without the need of any experts. They only need a smartphone to sell online and compete with big sellers. In the last 12 months, we launched multiple use cases across automotive, food, e-commerce, and fashion verticals seeing phenomenal growth in revenues.” The funds raised will be utilized to hire new talents, expand into new territories, and create a state-of-the-art Computer Vision lab for enhanced R&D.