AI-based SaaS Startup Spyne Raises Seed Funding Led by Smile Group

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The funding will be used to build deeper technology solutions to streamline and distribute massive offline content for photographers, the company said.

AI-based SaaS startup Spyne on Tuesday raised an undisclosed amount as part of its seed funding led by Smile Group. The round also saw participation from other angel investors.

As revealed by the startup, the latest funding will be used to build deeper technology solutions to streamline and distribute massive offline content for photographers.

Launched in July 2018, Spyne was founded by Sanjay Kumar (IIT Kharagpur) and Deepti Prasad (Delhi School of Economics). It helps creative professionals such as photographers and corporations to seamlessly organise, edit and share massive content within their network.

Until now, the startup claims to have enabled photographers to share more than 10 million images with their clients.

“Our vision is to build a single platform for creative professionals, businesses and consumers across the globe to achieve their creative goals in the most effective manner,” said Sanjay Kumar, Co-founder, Spyne.

Spyne exploring the opportunities in digital photography industry

Sanjay noted that the digital photography industry is worth nearly $110 billion, with millions of photographers working as freelancers.

So, he said “there is a huge scope of innovation in the ways how content is stored, edited and distributed to clients and social media platforms presently.”

Spyne Co-founder Deepti added, “Most of the photographers still use DVDs and USBs to share their content with customers. Some have moved onto cloud-based solutions. But, can the photographers deliver personalised experiences to the people viewing the content? Can an AI solution understand the photographer’s subjective enhancements on the images and replicate the same over the photographer’s next batch of images? Spyne is exploring this route.”

The Spyne team is already working on features such as face detection and auto-tagging of millions of photos with relevant text to make them crawled by Google. It is also working on AI-based photo and video editing solution to reduce the edit time of projects.

The company has signed up with more than 700 photographers in the last 10 months of launch and is looking to scale till 3000+ by the year-end.

 

 

 

 

Longjam Dineshwori

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