Paris-based startup Picsellia has raised €2m ($2.3m) to expand its image-processing platform across Europe and bolster its team. The round was led by Axeleo Capital and Acequia Capital, as well as business angels. Picsellia has developed an AI software platform that improves image analysis models in fields such as medicine, automotive and sports. The aim is to provide innovative tools to help data scientists and machine learning engineers put reliable computer vision models into production. The fundraising will help the company to expand its operations in Europe and hire more staff.
Picsellia was founded in 2020 by Thibaut Lucas and Pierre-Nicolas Tiffreau. The company's software platform is designed to optimize the process of developing and deploying computer vision models. Picsellia is known for its "Machine Learning Operations" strategy, which is a set of best practices for managing machine learning workflows in production environments.
Axeleo Capital is a French venture capital firm that invests in early-stage startups in the fields of enterprise software, data, and artificial intelligence. Acequia Capital is a venture capital firm based in New Mexico, USA, that invests in early-stage startups in the technology, healthcare, and sustainability sectors. Business angels are typically high-net-worth individuals who invest their own money in startups in exchange for equity.