San Jose-based photo editing company Polarr has secured $11 million in Series A funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced March 14 and led by Threshold.
According to its Crunchbase profile, "Polarr develops offline AI technology for photography, video and other creative use cases to provide developers tools and resources to create world-class applications that enable and inspire everyone to make beautiful creations. Supported by its own AI development platform, the company’s first-party apps are used by millions of photographers and videographers. The same platform also supports third-party developers such as Samsung, OPPO, Western Digital to build their solutions for hundreds of millions of users."
The five-year-old startup has raised two previous funding rounds, including a $1 million seed round in 2017.
The round brings total funding raised by San Jose companies in software over the past month to $41 million, an increase of $40 million from the month before. The local software industry has seen 69 funding rounds over the past year, capturing a total of $1.4 billion in venture funding.
In other local funding news, predictive analytics company MoBagel announced a $5 million Series A funding round on March 19, financed by Wistron Corporation.
According to Crunchbase, "MoBagel, a team consisting of talents from top universities such as Stanford, UC Berkeley and Oxford, has designed and engineered Decanter — an AI engine that contains more than 100 machine learning algorithms to help enterprises quickly build AI-driven data solutions. Decanter has helped MoBagel secure key clients and successful cases in the United States, Japan, China and Taiwan with its AI-driven data solutions in the manufacturing, retail and telecom industries."
Founded in 2015, the company has raised two previous rounds, including a $3 million seed round in 2017.
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