Photomyne Overview
Photomyne is a technology company that specializes in photo scanning and archiving solutions. Their primary offering is a mobile app that allows users to scan, digitize, and preserve old photographs and photo albums using their smartphone. The app uses advanced AI and machine learning algorithms to automatically detect photo boundaries, enhance image quality, and accurately crop and align photos. Photomyne has earned several awards and recognitions including Andreesen Horowitz's Top 50 GEN AI Web Products (by unique monthly visits), winner of HP's "Capture Your Life" Startup Challenge and Red Herring Top 100 Europe Award.
Cumulative Funding Raised Over Time ($)
$5.0MJun 2018
$7.6MMay 2016
Latest News
growth-positive
Photomyne Ltd's (TLV:PHTM) Stock Is Going Strong: Is the Market Following Fundamentals?
Photomynes stock has risen by 12% over the last three months, reflecting the companys strong financial performance. The companys Return on Equity (ROE) is 19%, indicating efficient utilization of capital. Photomynes net income growth of 31% over the last five years is higher than the industry average, and the companys growth rate is expected to continue due to high earnings retention and efficient management. Photomyne does not currently pay regular dividends, reinvesting all profits back into the business. The companys strong performance and potential for continued earnings growth could positively impact its share price.
Public Trading
growth-positive
פוטומיין משלבת טכנולוגיית Generative AI ליצירת תמונות ריאליסטיות של מפגשים וזיכרונות שלא התקיימו במציאות
Photomyne, an Israeli company that develops artificial intelligence (AI) technologies in the field of family nostalgia, has announced the launch of a new version of its app. The updated app, Photo Scan App by Photomyne, now incorporates Generative AI technology, allowing users to create images of family encounters and memories that never actually happened. For example, users can generate a photo of a recently born family member with a relative who passed away years ago, or a picture of an adult woman with herself as a child. The new feature aims to enhance the user experience and expand the potential target audience for the companys products.
Product Development
Ancestry Integrates Photomyne's Best-in-Class Technology to Help Mobile Customers Upload, Scan, Enhance and Share Family Photos
Growth-Negative
פוטומיין הקפיצה ב-86% את הוצאות השיווק, ההכנסות צמחו וההפסד העמיק כלכליסט
Photomyne, an app developer for scanning printed photos and turning them into digital ones, has reported a loss of $3.7 million for the first half of 2021, compared to a loss of $1.2 million for the same period last year. Despite this, the companys revenues jumped by 43% to $5.8 million. The company, which joined the Tel Aviv Stock Exchange last March, has seen its share price remain unchanged, with a market value of NIS 153.8 million. The companys loss tripled under the management of Nir Tzemah. The company currently has 376,000 paying subscribers across its 14 apps, an increase of 57,000 compared to the end of Q2 2020.
CustomersInvestment
growth-negative
החידוש של אפל יחייב את פוטומיין לחשב מסלול מחדש
Photomyne, an application manufacturer for scanning images, is facing a potential challenge due to a policy change by Apple, which accounts for 89% of its users. The companys revenue model is based on identifying potential users who will purchase its product. However, the change in Apples policy will require Photomyne to develop a new marketing method. The company completed an investment round in 2018, raising $5 million at a value of $20 million. In its initial public offering (IPO) in Tel Aviv in March this year, the company raised NIS 50 million at a value of $63 million. Photomynes shares began trading on March 10, and investors who purchased them in the offering are down 19% on paper.
CustomersInvestmentExpand
| Sector | Media & Entertainment Technologies |
Funding
| Total funding | $22.6M |
| Last funding | $15M |
| Stage | Public |
| Rounds | 3 |
| Investors | 6 |
Team Members
5
Employees: 11-50
Web & Social Links
| Website | photomyne.com |
| App Store | App Store |
| Google Play | Google Play |
Locations
HaKishon 8, Bnei Brak, Israel
Photos & Videos
1 item(s)
Photomyne Business
Business models
B2C
Product stage
Released
Employees
11-50
Sector
Media & Entertainment TechnologiesDigital Content DistributionDigital Content Engagement & EntertainmentTarget Customer
Media & EntertainmentContent ProductionConsumersCore Technology
Platforms & InterfacesTags (10)
photossocial-mediaphoto-sharingimage-processingphoto-editingmobile-applicationsdigital-mediaartificial-intelligencemachine-learningscanningGeographic Markets
JapanSoutheast AsiaGlobalUnited StatesPhotomyne Financials
$22.6M
Total funding
Undisclosed
Capital raised
$15M
Last funding
Public
Funding stage
3
Total rounds
6
Investors
Cumulative Funding Raised Over Time ($)
$5.0MJun 2018
$7.6MMay 2016
Private Equity Funding
A Round
Jun 2018
$5M
Maor Investments
Seed
May 2016
$2.6M
Yariv Gilat, Eddy Shalev, Leon Recanati, Yariv Eisenberg, Liron Rose
Public Offering / Exit
POEvent
Mar 2021
Undisclosed
Photomyne Lifecycle
Cumulative Funding Raised Over Time
$5.0MJun 2018
$7.6MMay 2016
All Events
A Round
Jun 2018
$5M
Maor Investments
Seed
May 2016
$2.6M
Yariv Gilat, Eddy Shalev, Leon Recanati, Yariv Eisenberg, Liron Rose
POEvent
Mar 2021
Undisclosed
Photomyne News
18 articles
growth-positive
Photomyne Ltd's (TLV:PHTM) Stock Is Going Strong: Is the Market Following Fundamentals?
Photomynes stock has risen by 12% over the last three months, reflecting the companys strong financial performance. The companys Return on Equity (ROE) is 19%, indicating efficient utilization of capital. Photomynes net income growth of 31% over the last five years is higher than the industry average, and the companys growth rate is expected to continue due to high earnings retention and efficient management. Photomyne does not currently pay regular dividends, reinvesting all profits back into the business. The companys strong performance and potential for continued earnings growth could positively impact its share price.
Public Trading
growth-positive
פוטומיין משלבת טכנולוגיית Generative AI ליצירת תמונות ריאליסטיות של מפגשים וזיכרונות שלא התקיימו במציאות
Photomyne, an Israeli company that develops artificial intelligence (AI) technologies in the field of family nostalgia, has announced the launch of a new version of its app. The updated app, Photo Scan App by Photomyne, now incorporates Generative AI technology, allowing users to create images of family encounters and memories that never actually happened. For example, users can generate a photo of a recently born family member with a relative who passed away years ago, or a picture of an adult woman with herself as a child. The new feature aims to enhance the user experience and expand the potential target audience for the companys products.
Product Development
Ancestry Integrates Photomyne's Best-in-Class Technology to Help Mobile Customers Upload, Scan, Enhance and Share Family Photos
Growth-Negative
פוטומיין הקפיצה ב-86% את הוצאות השיווק, ההכנסות צמחו וההפסד העמיק כלכליסט
Photomyne, an app developer for scanning printed photos and turning them into digital ones, has reported a loss of $3.7 million for the first half of 2021, compared to a loss of $1.2 million for the same period last year. Despite this, the companys revenues jumped by 43% to $5.8 million. The company, which joined the Tel Aviv Stock Exchange last March, has seen its share price remain unchanged, with a market value of NIS 153.8 million. The companys loss tripled under the management of Nir Tzemah. The company currently has 376,000 paying subscribers across its 14 apps, an increase of 57,000 compared to the end of Q2 2020.
CustomersInvestment
growth-negative
החידוש של אפל יחייב את פוטומיין לחשב מסלול מחדש
Photomyne, an application manufacturer for scanning images, is facing a potential challenge due to a policy change by Apple, which accounts for 89% of its users. The companys revenue model is based on identifying potential users who will purchase its product. However, the change in Apples policy will require Photomyne to develop a new marketing method. The company completed an investment round in 2018, raising $5 million at a value of $20 million. In its initial public offering (IPO) in Tel Aviv in March this year, the company raised NIS 50 million at a value of $63 million. Photomynes shares began trading on March 10, and investors who purchased them in the offering are down 19% on paper.
CustomersInvestmentExpand
growth-positive
Photomyne Ltd. Completes Initial Public Offering (IPO) on the Tel Aviv Stock Exchange
Photomyne Ltd., a technology development startup specializing in apps for family nostalgia and memory preservation, has completed its Initial Public Offering on the Tel Aviv Stock Exchange. The company has experienced substantial growth, with over 20 million app downloads and the conversion of over 230 million photographs into digital photos. Photomyne offers a suite of nostalgia apps and a web platform for preserving personal and family history. The decision to pursue the IPO was driven by the companys successful milestones and steady rise in key metrics. Photomyne aims to continue pushing forward and achieving even greater milestones.
Public Trading
growth-positive
פוטומיין פיתחה אפליקציה לסריקת תמונות - ותנסה להנפיק לפי שווי של 260 מיליון שקל
Photomyne, a startup that developed technology for mobile photo scanning, is planning an initial public offering (IPO) with a company valuation of approximately 260 million shekels. The company aims to raise 50-60 million shekels, led by Discount Capital.
Public Trading
growth-positive
FilmBox by Photomyne by Photomyne LTD
Photomyne LTD, the developer of a smart photo scanner app, has released a new AI-powered negative film scanner app. The app allows users to scan and save their old film negatives by automatically inverting colors and enhancing the images. It also offers features such as saving digital photos, creating photo slideshows, and sharing photos and collages. The app is available for download and offers a free trial, with unlimited access available through paid plans. The release of the app is expected to have a positive impact on the growth of Photomyne LTD.
Customers
growth-positive
A.I.-Based Photo Scanning and Sharing Platform Photomyne Wins HP's "Capture Your Life" Startup Challenge
Photomyne has been selected as the winner of HPs Capture Your Life startup Challenge. The company will continue working with HP on its concept. This win adds to Photomynes achievements this year, including winning the 2019 Red Herring Top 100 Europe award and crossing 100 million photos scanned with its app. Photomyne aims to create the largest indexed photo collection of the pre-digital era through its photo scanning app.
PartnersCustomers
growth-positive
A.I.-Based Photo Scanning and Preservation Platform Photomyne Wins Red Herring Top 100 Europe, Will Perform a Live Demo at RootsTech 2019
Photomyne, an AI photo preservation platform, has won the Red Herring Top 100 Europe award at a conference in Amsterdam. The award recognises the most promising startups in Europe. Photomyne CEO Nir Tzemah said the award, along with the companys recent milestone of 100 million photos scanned with the app, demonstrated its growing success and recognition. Photomyne is also participating in the RootsTech conference in Salt Lake City, Utah, where it will perform a live demo of the product and give out free account subscriptions.
Customers
growth-positive
100 Million Scanned Memories: Photomyne App Reaches Significant Growth Milestones, Adds Collage, Slideshow, B&W Colorization Options
Photomyne, the A.I. photo preservation platform, has reached the milestone of scanning 100 million photos. The company has also achieved milestones in user acquisition and content generation, with 10 million downloads of its Photo Scanner app and 300,000 paying subscribers. The app offers features such as creating web galleries, photo collages, video slideshows, and colorization of black and white photos. Photomyne aims to digitize and preserve old photos before they are lost. The company is experiencing fast growth and is recognized as the worlds leading platform for digitizing printed photos. The article highlights the importance of preserving memories and the role Photomyne plays in this endeavor.
CustomersExpand
growth-positive
Photo Scanner App Photomyne Raises $5M in Series A - FinSMEs
Photomyne, a photo scanner app based in Tel Aviv, has raised $5 million in Series A funding. The funding round was led by Maor, with participation from Israeli investors and others. The company plans to use the funds to expand its team and scale the business in Japan and South East Asia. Photomynes app uses A.I. technology to allow users to bring old photo prints online by scanning them in bulk and enhancing the photos. The app currently has a million monthly users, with 250 users paying for the expanded service. Photomyne has a team of 16 and plans to expand to around 25.
Expand
Press Releases Archive - Digital Journal
The Best New Ways to Scan Your Old Photos
How to organize favorite sentimental items while ditching the clutter
growth-positive
Photomyne grabs $2.6 million to bring your old photos online
Photomyne, a startup based in Tel Aviv, has raised $2.6 million in seed funding to continue growing its business. The company offers an app that allows users to scan old photos and convert them into digital format. Photomynes app stands out from competitors because it allows users to scan multiple photos in a single shot and automatically crops and restores the photos using machine learning technology. The funding round closed in March and includes investments from several Israeli investors. Photomyne currently has over 900,000 users, with more than half of them being paying customers.
CustomersInvestment
growth-positive
Photomyne review: Make stacks of old photos Facebook-ready in a snap
Photomyne is an app that converts stacks of old prints into digital photo albums that can be easily shared on Facebook. The app allows users to quickly scan and separate individual prints using their iPhone or iPad. Photomyne also automatically enhances the images and can add them to the users Facebook timeline. The app is best used for creating new albums from batches of photos taken around the same time. It allows users to assign custom names and dates to the albums and tag friends in the photos. The images can be easily shared on Facebook, via email, or saved to the Camera Roll. Photomyne is a convenient solution for digitizing old prints, but it is not a replacement for proper archival scans.
Customers
Scan your entire printed photo collection, in just minutes with Photomyne App
Photomyne Team
Employee Info
| Employees (range) | 11-50 |
| Exact count | 29 |
| Team members | 5 |
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Photomyne Internal
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Admin Info
| Confidence | 104/100 |
| Missing | markets |
| BI Verification | Yanina Wainscheinker |
| Registrar ID | 515154441 |
| Crunchbase | photomyne |
| Phone | +972523920792 |
| Last updater | Matan Eblagon |
| Updater email | matane@sncentral.org |
| Last update | 2024-05-09T00:00:00.000Z |
| Created | 2015-03-18T00:00:00.000Z |
| Claimed | Yes |
| Status detail | Public on TASE on Mar, 2021; |