Paris-basedPhotoroomraised the eye-popping sums in a Series B round led byBalderton Capital and French VC Aglae Ventures.

Y-Combinator also contributed to the cash injection, which brings Photorooms total funding to a cool $64mn.

Unlike most AI startups, the company has trained its own models from scratch.

Barbie selfie startup’s $500M valuation exposes the power of memes

It also just unveileda new foundation model built for product photography.

Impressive stuff, no doubt, but the meme magic emerged from a different source: theBarbie selfie maker.

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This Barbie is a mermaid!!#BarbieTheMovie?????

Users can also add a customised caption.

Our model has been trained to excel at product photography and can quickly adapt to user needs and feedback.

One of the themes of this years TNW Conference is Venture: Show Me The Money.

Story byThomas Macaulay

Thomas is the managing editor of TNW.

He leads our coverage of European tech and oversees our talented team of writers.

Away from work, he e(show all)Thomas is the managing editor of TNW.

He leads our coverage of European tech and oversees our talented team of writers.

Away from work, he enjoys playing chess (badly) and the guitar (even worse).

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