Indian startup Avataar announces $45m Series B funding round
India-based artificial intelligence and computer vision startup Avataar has secured $45 million in a Series B funding round.
This was led by Tiger Global, and also involved existing investor Sequoia Capital India.
Avataar has raised around $55.5 million in total to date.
Established in 2014, the venture provides e-commerce marketplaces and direct-to-consumer brands with a platform called SuperNova, which brings products to life using 3D technology.
Other funding news from the past week…
PayFit, a French startup that specialises in payroll and HR management solutions for SMEs, has raised €254 million in a Series E funding round and reached €1.82 billion in valuation.
General Atlantic led the round, with participation from existing investors Eurazeo, Bpifrance and Accel Ventures.
PayFit plans to use the funds to recruit new team members, accelerate the development of new products, and increase its market share across Europe.
The company’s proprietary technology platform enables HR managers, finance managers and business owners to conduct payroll calculations in markets with complex regulatory requirements.
Meanwhile, 3DLOOK, which offers AI powered mobile body measuring and fit solutions,, has bagged an additional $3.5 million, bringing the total funding for its Series A round to $10 million.
This involved the likes of Spidertek. Flyer One Ventures and Startup.Network
3DLOOK will use the cash to scale its virtual fitting product, YourFit.
As of the end of 2021, the venture had raised a total of $14.7 million.
