Meero closes $45m funding round
The AI image and video editing company has closed its second funding round, just eight months after it secured $15m.
The new round brings Meero’s financing to $60m since the company started in 2016. Previous investors Global Founders Capital, Aglae Ventures, Alven and White Star Capital have been joined by Idinvest.
Meero uses artificial intelligence algorithms to automate the editing of images, reducing the processing time of images to a few seconds compared to the several hours it would take for a human to achieve an equivalent result. The technology is used for photography editing, virtual and 3D tours, and property videos in over 100 countries worldwide.
The company boasts clients such as Airbnb, Just Eat, Expedia, Trivago and Uber.
Now this new funding will enable Meero to open what is thought to be the largest computer vision centre in France, as well as new offices in the US and Asia.
Thomas Rebaud, co-founder and CEO of Meero, said: “The fact that our historical investors are renewing their confidence and new supporters are joining the Meero adventure is encouraging us in the strategy we have chosen to pursue. This significant fundraising will enable us to accelerate our development, both commercially and technologically, and thereby consolidate our leading position in this market.”