Gurugram-based deeptech startup Spyne has raised $7 million in its latest funding round led by Accel. Storm Ventures, Smile Group, Pentathlon Ventures, Core91, and prominent founders/CXOs from leading internet companies also participated in the funding round.

As per the startup, the fresh capital will be invested in acquiring talent, bolstering global expansion, including the US market, and setting up a state-of-the-art computer vision lab for deeper R&D in the space. The Gurugram-based startup also plans to expand its technological horizons into the field of AR / VR to build products for Metaverse and Omniverse.

Spyne | Create High-quality Product Visuals At Scale With AI

Founded by Sanjay Kumar and Deepti Prasad in 2018, Spyne is helping businesses and marketplaces to automate image processing workflows and create high-quality product images and videos at scale with AI.

The deeptech startup claims to develop 100% automatic, industry-first AI image processing products enabling large ecommerce marketplaces in the automotive, fashion, and retail industries to enhance the visual value of the images without a physical studio.

Speaking about the development, Sanjay Kumar, Co-founder and CEO at Spyne, said,

“Our vision is to empower the smallest of sellers, situated in the farthest of corners, to create superior product images and videos without the need of any experts. They only need a smartphone to sell online and compete with big sellers. In the last 12 months, we launched multiple use cases across automotive, food, ecommerce, and fashion verticals, seeing phenomenal growth in revenues.”

The AI tech products offered by Spyne enable businesses to create 500x faster studio-finish images and help them scale at a fraction of the cost and time. As per the startup, it currently serves 80+ customers across 15+ countries, including Flipkart, Amazon India, Karvi, OLACars, and SellAnyCar.

The Gurugram-based deeptech startup has also recently launched its self-serve AI technology for the automotive industry-Spyne AI Cars. It will further be replicating the model for the ecommerce and food industry in the upcoming months.

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