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Tech startup Meero raises $45m

Meero

 

Tech startup Meero has raised $45m, closing a new round led by Alven and IdinvestParis.

This is just eight months after the company had raised $15m in a first round.

The new money will be used to set up the largest AI centre dedicated to image in France and expand its activities.

The company is a pioneer in algorithmic image editing, and is a world leader in large-scale photography and video production.

This latest round of financing saw historical investors, including Global Founders Capital, Aglae Ventures, Alven and White Star Capital, joined by Idinvest.

By making use of AI in photography, Meero has managed to automate the editing of images, reducing the processing time of images to a few seconds when it takes several hours for a human to achieve an equivalent result. This has allowed the company to standardize the production of photo shoots in more than 100 countries with clients such as Airbnb or UberEats.

Thomas Rebaud, co-founder and CEO of Meero, said: “The fact that our historical investors are renewing their confidence and new supporters are joining the Meero adventure . is encouraging us in the strategy we have chosen to pursue. This significant fundraising will enable us to accelerate our development, both commercially and technologically, and thereby consolidate our leading position in this market.”

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