Deeptech startup Spyne has raised $7 million in their latest funding round. Led by Accel, the funding round also witnessed participation from other investors, including Storm Ventures, Smile Group, Pentathlon Ventures, Core91, and prominent founders/CXOs from leading Internet companies.

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The fresh capital will be invested in acquiring the right talent, bolstering global expansion, including the US market, and setting up a state-of-the-art Computer Vision lab for more profound R&D in the space. The brand also intends to expand its technological horizons into the field of AR/VR to build products for Metaverse and Omniverse.

Founded in 2018 by Sanjay Kumar and Deepti Prasad, Spyne develops 100 per cent automatic, industry-first AI image processing products to help significant e-commerce marketplaces in the automotive, fashion, and retail industry enhance the visual value of the images without a physical studio.

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 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, e-commerce, and fashion verticals, seeing phenomenal growth in revenues.