Mumbai-based seed investment and innovation platform, Venture Catalysts (VCats), has invested $150000 in a photography curation platform SIFTR Labs.
Seasoned investors such as Vishal Maheshwari, Vikas Kapoor, Daud Ali and Nitin Agarwal participated in the funding.
SIFTR Labs launched in 2015 by Romil Mittal and Mayank Bhagya , aims to assist photographers in managing their photography,claiming to have created the world’s’ first self-updating photo website.
Romil Mittal, Co-founder, SIFTR Labs, said,
“Thanks to the mobile revolution, more than a billion photos are uploaded every day on the Internet, and still it’s difficult to find a great photo when you need one. We are an image analysis company and are building our technology stack further to provide very advanced photo search for different use cases.”
Venture Catalysts (VCats) that launched itself as India’s first Seed Investment & Innovation platform aims to provide venture fund, co-working facility, angel network and post-investment support to boost startups in their early stage of growth.
Apoorv Ranjan Sharma, Co-founder, Venture Catalyst, said,
“using artificial intelligence on images is an exciting space to be in and the idea of SIFTR Labs resonated well with VCats’ angels”.
Vishal Maheshwari, who led the angel investment for VCats, added,
“the start-up world today revolves around the disruption of extant services, which is why the decision to invest in SIFTR was made. We believe that another digital re-evolution is imminent which shall be driven by advanced GPU and machine learning. As such, the promising technology that SIFTR employs makes it well-poised for success in the time to come.”
Recently, Venture Catalysts also invested $250k ConfirmTkt which is a ticket discovery platform.