Ukrainian startup Let’s Enhance raises $3M seed round
The Ukrainian startup Let’s Enhance raised a $3 million seed round. The startup is developing Claid, an end-to-end AI-powered image processing platform that helps marketplaces automatically edit, optimize, and deliver user-generated content. The round was led by Chamaeleon, a venture capital firm from Silicon Valley. Representatives of Let’s Enhance told AIN.UA about this funding.
Details of financing
Besides Chamaeleon, the Let’s Enhance startup has also received funding from Margo Georgiadis, Hype Ventures, and Acrobator. The fundraising took place online.
The funds raised will be used to enhance the platform Claid, namely to develop additional features for content moderation. Also, the company will scale the engineering team and sales department.
“Our goal is to help businesses effectively create and deliver visual experiences with next-gen AI content tools,” says Sofi Shvets, CEO and co-founder of Let’s Enhance.
Let’s Enhance started in 2021 as a B2B technology for e-commerce and marketplaces in the real estate, travel, and food tech industries dealing with large amounts of visual content.
Companies integrate Claid via API, set up required parameters, and neural networks edit photos step by step — improving their quality, adjusting color and tone, removing background, and compressing them to the set parameters. According to Let’s Enhance, the platform allows users to save up to 90% of editing time — process up to ten times faster than classic editors.
About Let’s Enhance
- Let’s Enhance is a Ukrainian startup founded in 2018 by Vlad Pranskevičius, Sofi Shvets, and Alex Savsunenko (he left after a while for another project). The team has R&D offices in Kyiv, San Francisco, and Central Europe.
- In 2018, Let’s Enhance joined the UK-based division of the famous US accelerator Techstars. That same year, Digital Future, a leading venture capital, invested in the startup.
- Over the past year, the team has tripled in size, and annual revenue exceeded $1 million. Among the company’s clients are Mixtiles, Pollinate, and Vente-privee.