Polarr, an Artificial Intelligence-driven startup for photo management and editing, has secured USD 11.5 million in series A funding round to fuel research and development. The round was led by Threshold Ventures, along with investors from Cota Capital and Pear Ventures. The fresh fund will also assist Polarr to expand its platform and service support and grow its tech partnerships in drone, home appliances, e-commerce, and image storage vertical.
Seated in downtown San Jose, California, Polarr was founded in August 2014 by former Stanford University graduate and Google veteran Borui Wang. With this round, the AI-powered startup’s valuation has reached to USD 13.5 million. Borui Wang, who serves as CEO of Polarr said that as Deep Learning compute shifts from the Cloud to edge devices, there is a growing opportunity to provide sophisticated and creative edge AI technologies to mobile devices. He further noted that this new round of financing is a tangible endorsement of his company’s approach to enable and inspire everyone to make beautiful creations. The company’s Polarr Vision Engine, a hardware-agnostic AI stack that allows computational photography on different devices. The engine includes a set of self-trained neural network models, where each individually compressed and optimized for on-device storage, RAM usage, and power consumption constraints. Further, it is suited under technology from Qualcomm, Hover Camera, Oppo, and others and powers Composition Guide, a real-time feature for the Samsung Galaxy S10’s native camera application that susses out optimal compositions and offers interactive guiding prompts.
As part of the funding, Threshold Ventures’ Chris Kelley and Pear Ventures’ Mar Hershenson will join Polarr as the board of directors. Moreover, Kelly said that Polarr’s expertise across design, hardware, and Deep Learning is really unique. They not only provide consumers a way to leverage skills from the world’s best photographers but professionals can also use their tools to create something really special.