TEONITE, a professional venture building startup, has raised 160,000 EUR to develop Deep-image.AI project from Black Pearls VC fund in a pre-seed round. The startup's domain is image processing using artificial intelligence and neural networks. Over 1,500,000 individual and corporate users have already used the product worldwide, and the number of transformed images per month is close to 200,000 and growing.
One hundred billion photos to improve
Deep-Image.AI is one of more than 12 startups built by TEONITE and the first venture we have completed independently building a startup in technology, business, and market. Our team has succeeded in building a global product that has established itself in the marketplace as technological innovation and has tremendous business growth potential. VC funding is a strategic step for our Venture Building.
Robert Olejnik, CEO of TEONITE and Deep-image.AI
Funding opportunities for more startups
As an investor, we highly value the opportunity to work with ambitious entrepreneurs. What matters to us is the team, the idea, and the possibility of a quick verification of projects in the market environment. It is how the process of our cooperation with Teonite VC looked like. And this is what we look for in other startups. In addition to capital, we offer startups the opportunity to work with corporations. Thanks to this combination, we can help companies grow even faster. We invite startups and venture builders to join our acceleration program.
Wojciech Drewczynski, Head of Acceleration, Black Pearls VC
Venture Builder with over 10 years of experience and a track record of 12 portfolio products worth over €10M operating in global markets. Technology-driven by one of its portfolio companies - a boutique software house specializing in building products in partnership with startups and corporate clients (including fortune 500 companies). Learn more: https://teonite.com/teonite-ventures.html
About Black Pearls VC
Black Pearls VC is a Poland-based early-stage venture capital firm focused on seed, post-seed, and Series A investments in leading tech startups from Northern & Central Europe. Focusing on supporting ambitious entrepreneurs in building companies with a global reach, Black Pearls VC is usually one of the company’s first investors, helping founders scale and reach their goals. Black Pearls VC focuses on deep tech startups working across various sectors and believes in supporting entrepreneurs who develop novel and ambitious technologies. It usually invests at an early stage with initial investments ticket ranging between €100k - €1m and follow-on investments in later rounds. Black Pearls VC is a part of Kauffman Fellows network of over 400 venture firms and organizations.