FinSMEs reports Photomyne, the innovative photo scanning and organizing app for iOS and Android, has raised $5 million in Series A funding led by Luxembourg’s Maor, a co-investment tech fund from Philippe Guez and Eric Elalouf, with participation from Israeli investors and others
The Tel Aviv-based company intends to use the funds to expand its 16-person team and scale the business in Japan and South East Asia.
Led by Nir Tzemah, CEO, Yair Segalovitz, CFO, and Omer Shoor, CTO, Photomyne provides an A.I.-powered app allowing users to digitize old photo prints fast and efficiently. Users scan photos quickly with Photomyne auto-detecting, cropping and enhancing the photos.
According to the company, the app is currently used by a million people every month.