ImagenAI, a startup using AI to help professional photographers edit photos and automate post-production work, today announced that it raised $30 million in an all-equity growth investment from Summit Partners. The new capital brings Imagen’s total raised to $34 million, and co-founder and CEO Yotam Gil tells TechCrunch that it’ll be used to expand the startup’s software-as-a-service offering through mergers and acquisitions and product research and development.
Imagen’s success comes as investors grow increasingly bullish on AI tools for generating and editing artwork,
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