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Eastman Kodak prepares to terminate U.S. pension plan Investments News 

Eastman Kodak prepares to terminate U.S. pension plan

GaryPageau
Eastman Kodak Co. is preparing to terminate its overfunded U.S. pension plan to unlock value from the fund, according to the Wall Street Journal. The defined-benefit pension has 35,000 participants, and the move could ultimately result in a cash gain of as much as $585 million that Kodak would use to reduce debt and invest in its business, executives said,... Read More
Pixami acquired by Nationwide Studios Acquisitions Investments 

Pixami acquired by Nationwide Studios

GaryPageau ,
Nationwide Studios Inc. (NWS), the parent company to Legacy Studios, Legacy Yearbooks, and Teddy Bear Portraits, announced the acquisition of Pixami, Inc., the leading provider of online yearbook software in the United States, Canada, and the United Kingdom. Terms weren’t disclosed. In the press release, the company said, “Pixami will join the Nationwide family of companies, playing a key role... Read More
Snap continues to struggle as growth slows Investments News 

Snap continues to struggle as growth slows

GaryPageau
Last week, Snap CEO Evan Spiegel marked the company’s 13th anniversary with a letter to employees that did not strike a celebratory tone. Instead, the Snapchat founder said the company is struggling, with its share price down 45% this year. According to an analysis at Sherwood news, “Snap, like Meta, relies on advertising for the overwhelming majority of its business,... Read More
Nikon teams up with Geodesic Capital to establish NFocus Fund Investments 

Nikon teams up with Geodesic Capital to establish NFocus Fund

GaryPageau
Nikon Corp. announced Nikon and Geodesic Capital have established NFocus Fund, a new private fund, on Aug. 6, with Nikon as the anchor limited partner. As outlined in its Medium-Term Management Plan (FY2022 – 2025), Nikon aims by 2030 to become a key technology solutions company in a global society where humans and machines co-create seamlessly. To achieve this goal... Read More
Captions raises Series C to invest $100 million in AI video research Investments News 

Captions raises Series C to invest $100 million in AI video research

GaryPageau
  Captions, the generative video creation and editing platform, announced it has raised $60 million in Series C funding led by Index Ventures, bringing the total capital raised to $100 million for a valuation of $500 million. Returning investors include Kleiner Perkins, Andreessen Horowitz, and Sequoia Capital, while new investors include Adobe Ventures, HubSpot Ventures, and actor/musician Jared Leto. The... Read More
Twelve Labs earns $50 Million Series A Investments 

Twelve Labs earns $50 Million Series A

GaryPageau ,
Video analysis company Twelve Labs announced it raised $50 million in Series A funding to “fuel the ongoing development of its industry-leading foundation models dedicated to all aspects of video.” The round was co-led by new investor New Enterprise Associates (NEA) and NVentures, NVIDIA’s venture capital arm, which recently participated in Twelve Labs’ strategic round in 2023. Previous investors, including Index Ventures, Radical Ventures, WndrCo,... Read More
London’s Lapse closes $30 million Series A round for Gen-Z friendly photo sharing network Investments 

London’s Lapse closes $30 million Series A round for Gen-Z friendly photo sharing network

GaryPageau , , , , , , ,
    Friends-focused photo-sharing app Lapse, based in London, has closed an oversubscribed $30 million Series A round. Co-led by Greylock and DST Global Partners, preeminent investors in the Internet technology sector, existing investors GV (Google Ventures), Octopus Ventures, and Speedinvest returned to participate alongside high-profile angel investors Naveen Gavini (former Chief Product Officer at Pinterest), Soleio (designer and investor), Nima Khajehnouri (former VP of... Read More
Photoroom secures $43M in Series B Funding, launches AI photo-editing features forbusinesses Investments 

Photoroom secures $43M in Series B Funding, launches AI photo-editing features forbusinesses

GaryPageau
Paris, France-based Photoroom, the popular AI photo editor maker, has successfully closed a $43 million Series B funding round. The funding round, led by previous investor, Balderton and new investor, Aglaé, with YCombinator participating, brings Photoroom’s total funding to $64 million. “Photoroom shattered all expectations,” says Cameron Curtis, EVP of Worldwide Digital Marketing at Warner Bros. “Its unparalleled ease of use... Read More
Bria gains $24 million in Series A funding Investments 

Bria gains $24 million in Series A funding

GaryPageau , , , , , , , , , , , ,
Israel-based ethics-driven AI image generation startup Bria has raised $24 million in a Series A funding round, led by GFT Ventures, Intel Capital, and Entrée Capital with additional investors including, Publicis Groupe, Getty Images, Samsung Next, IN venture (Sumitomo Corporation, Japan), Atinum Investment (South Korea), Z Venture Capital (LY Corporation, Japan), Mirae Asset Venture Investment, J-Ventures, and others, according to a company release.... Read More
Top articles from the Dead Pixels Society in 2023 Acquisitions Investments News 

Top articles from the Dead Pixels Society in 2023

GaryPageau
The Dead Pixels Society had another big year, covering all of the photo/imaging industry news. 2023 was another busy year; here are the top stories. Shutterfly layoffs impact 360 Personalized photo products leader Shutterfly Inc. management is reducing staff by 360 employees, according to a company-wide email. The announcement was not made public but the topic is a hot one on LinkedIn and on layoff... Read More
Bridge Bank loans Gooten $3.5 million in venture debt term loan Investments News 

Bridge Bank loans Gooten $3.5 million in venture debt term loan

GaryPageau ,
Bridge Bank announced its Technology Banking Group closed a $3.5 million venture debt term loan with Gooten to use the funds for continued growth and expansion. Gooten provides order management systems to power on-demand production to more than 10,000 businesses “We believe in supporting ventures that contribute to the overall economic landscape, and Gooten embodies that spirit,” said Roger Klarmann,... Read More
Investor group takes over German photo kiosk maker di support, now pixolo Investments News 

Investor group takes over German photo kiosk maker di support, now pixolo

GaryPageau ,
Germany-based photo kiosk maker di support GmbH, best known for its award-winning Print Cube series of photo print kiosks, has a new investor group from the tech and finance sectors, including founder Ralph Naruhn. The company, now known under its pixolo brand, is pivoting into a provider of biometric ID (passport photo) systems, and a provider of e-commerce and app... Read More
Audax Private Debt providing additional financing for ImaqeQuix add-on acquisitions Investments News 

Audax Private Debt providing additional financing for ImaqeQuix add-on acquisitions

GaryPageau , ,
Audax Private Debt announced, as administrative agent and sole lead arranger, it provided a unitranche credit facility to support add-on acquisitions for Charlesbank Capital Partners’ portfolio company, ImageQuix, the provider of workflow and e-commerce software for the professional photography industry. According to Investopedia, “unitranche” is “a type of debt that combines senior and subordinated debt into one debt instrument; it... Read More
Cloudprinter announces new round of financing, but not many details Investments 

Cloudprinter announces new round of financing, but not many details

GaryPageau
Cloudprinter.com, the Dutch-Ukrainian-American print-on-demand platform, announced a new round of financing. The amount was not disclosed. In 2022, the company announced €7 million raise to build its global API platform. The company says the significance of this investment is the participation of a new Ukrainian investor, u.ventures, the venture capital arm of the Western NIS Enterprise Fund. The investment round... Read More