Funding & Business
Phot.AI: Phot.AI bags $2.7 million in seed funding
MUMBAI: Phot.AI, an AI-driven creative automation platform, has raised $2.7 million in seed funding led by Info Edge Ventures. The investment was also backed by Together Fund, AC Ventures, and a clutch of more than 50 angel investors, the company said in a statement on Thursday.
The funds will be used to expand the team, invest in R&D and support new launches.
Founded in 2023 by Venus Dhuria, Aneesh Rayancha, and Akshit Raja, Phot.AI automates creative design and marketplace listings for ecommerce, brands and retail. Its AI agents are trained to learn which designs work best for different product categories and marketplaces. This automation, the startup claims, reduces manual effort and costs by up to 80%, accelerating brands’ go-to-market strategies.
“Our AI-powered platform removes the need for design skills or rigid templates, allowing businesses to generate customised content for different platforms and audiences effortlessly,” said co-founder Dhuria.
Chicago Mayor Brandon Johnson on signing executive order against Trump’s immigration crackdown plan. (Source: Bloomberg)
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Thai Princess Bajrakitiyabha Narendira Debyavati’s bloodstream infection has improved and her blood pressure has stabilized, the Bureau of the Royal Household said.
The 46-year-old princess, the oldest of King Maha Vajiralongkorn’s seven children, is still being administered antibiotics to control the infection, the bureau said in a statement late Sunday. It was the third health update on the princess issued by the palace in less than a month.
France issued amber warnings for thunderstorms and floods in several southern regions, forcing the Mediterranean department of Bouches-du-Rhône to delay the start of the new school year by a day.
Several departments in the central and southern parts of the country were put on alert for bad weather on Sunday and Monday, according to forecaster Meteo France. Violent thunderstorms, accompanied by torrential rain, are expected to persist until Monday, with rainfall reaching as much as 150 millimeters per hour.
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