ImagenAI: Raises $30M in Funding

ImagenAI Raises $30M in Funding

• ImagenAI, a Tel Aviv, Israel-based provider of AI-powered editing solutions for professional photographers, raised $30M in funding
• The round was led by Summit Partners with participation from existing investor NFX. Steffan Peyer, a Managing Director with Summit Partners, has joined the Imagen Board of Directors
• The company intends to use the funds to support continued investment in strategic hiring and M&A, expansion of its SaaS product and further acceleration of its growth
• The company provides AI-powered solutions that modernize the post-production workflow, enabling professional photographers to plan and focus on the creative aspects of their job
• The company’s end-to-end AI technology creates an individual profile based on a photographer’s previous work and unique creative style
• The more photos uploaded, with more diverse scenes and lighting conditions, the better the AI can capture each editing style and accurately predict dozens of editing parameters