
Prisma Labs
Deep Learning solutions for Computer Vision and AR.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor investor | €0.0 | round |
investor | €0.0 | round | |
investor investor investor investor | €0.0 | round | |
$6.0m | Series A | ||
Total Funding | 000k |
USD | 2018 | 2019 | 2020 | 2021 | 2023 |
---|---|---|---|---|---|
Revenues | 0000 | 0000 | 0000 | 0000 | 0000 |
% growth | - | 9 % | 20 % | 53 % | - |
EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 |
Profit | 0000 | 0000 | 0000 | 0000 | 0000 |
EV | 0000 | 0000 | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Prisma Labs, a mobile technology company headquartered in Sunnyvale, California, specializes in developing applications that leverage deep learning and computer vision. Founded in 2016 by Alexey Moiseenkov, Andrey Usoltsev, Oleg Poyaganov, Ilya Frolov, and Aram Airapetyan, the company focuses on transforming mobile photo and video creation. Moiseenkov, with a background in computer science from Mail.Ru, spearheaded the initial concept, driven by a passion for art and technology.
The company's first major success was the Prisma app, launched in June 2016. This application allows users to transform their photos into artistic renderings that mimic the styles of famous painters. Unlike simple filter overlays, Prisma utilizes neural networks and artificial intelligence to reconstruct the image from scratch, a process based on the open-source DeepArt algorithm. The app went viral almost immediately, achieving over 7.5 million downloads within its first week and being named "App of the Year" by both Apple's App Store and Google Play in 2016. This rapid, organic growth demonstrated a significant market appetite for advanced, AI-driven creative tools.
Building on this momentum, Prisma Labs launched Lensa in 2018, a photo and video editing app designed for selfie enhancement and portrait retouching. In late 2022, Lensa introduced the "Magic Avatars" feature, which uses the Stable Diffusion text-to-image model to generate stylized AI portraits from user-uploaded selfies. This feature drove another wave of viral popularity and significant revenue for the company. The business model for both Prisma and Lensa is primarily freemium, generating revenue through premium subscriptions that unlock advanced features, additional filters, and in-app purchases like the Magic Avatars. The company's revenue is also supplemented by providing its API and SDK to brands for sponsored filters.
Prisma Labs targets social media users and content creators who want to enhance their digital imagery without needing professional editing skills. The core technology, its Prisma Inference Engine, is optimized to run convolutional neural networks efficiently on smartphones. While its products have achieved massive user adoption, with over 110 million installs for Prisma and 45 million for Lensa, the company has also faced scrutiny. The Lensa app, in particular, has been at the center of controversies regarding the ethical use of AI, with criticisms related to the generation of hypersexualized images and biases in its training data.
Keywords: mobile photography, deep learning, computer vision, neural networks, photo editing, video creation, AI art generator, Lensa AI, Alexey Moiseenkov, Andrey Usoltsev, Magic Avatars, Stable Diffusion, image transformation, selfie editor, artistic filters, AI portraits, freemium app, subscription model, mobile applications, AI-powered automation, content creation tools