Photomyne raises $5 million Series A

GaryPageau

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.

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Gary Pageau is principal of InfoCircle LLC, continuing his marketing communications career. InfoCircle LLC is a marketing and communications consulting firm, specializing in business-to-business markets. For nearly 25 years, he was with PMA International, serving most recently as Publisher, Content Development and Strategic Initiatives. His primary responsibilities included overseeing the Association’s editorial department, marketing research unit, education and corporate relations department.