TORONTO & PALO ALTO, Calif.–(Business WIRE)–Aug 5, 2021–

Raiven Capital, a Canada-US, early-phase enterprise fund, now declared its investment decision in AI-pushed platform Scopio, which lets artists from everywhere to provide their photos — images, art, illustrations — any where. Currently, artists from 150 countries are represented on the web page.

Other individuals signing up for the spherical incorporate Lightspeed Ventures, DV Collective, and other angel traders: Gaingels, Joanne Bradford, former President of Honey, and VC Andrew Ogawa.

“Scopio’s mission is to empower artists by enabling them to monetize their work. The system opens the doorway for artists — 99 per cent of them — that have not been in a position to make revenue. CEO and Founder Christina Hawatmeh and her team have a powerful vision we consider in,” stated Raiven Money Enterprise Spouse Anna Shen.

“Raiven welcomes Christina and Nour, our to start with female founders, sourced by our associate, Anna Shen — a celebration of our range in motion,” explained Paul Dugsin, Normal Associate, Raiven Funds.

“Scopio is thrilled to have Raiven as a strategic investor. We share a popular DNA and philosophy that innovation is world wide. Raiven has promptly brought important value, abilities, and a network of relationships,” said Hawatmeh.

“The creator economic climate is in its infancy and we are psyched to participate,” reported Supreet Manchanda, Basic Associate at Raiven Capital. “Scopio has identified a critical social need and has produced a powerful technical remedy. The world’s visible storytelling will be richer for all,” he claimed.

Now, shoppers are demanding extensive representations of everyday living, particularly millennials who want to see authentic photographs of the real globe. “Our AI is geared to be accountable and accountable, aiding root out bias, discover and inform the world’s tales,” said Nour Chamoun, Scopio co-founder, who was also highlighted in Forbes 30 Beneath 30.

Take into consideration the opportunity of the creator financial system, rapid turning into a identified sector. Many thanks to platforms like Twitch and YouTube, creators and influencers have created $104BN in revenue. Technology Z is the most prolific team powering visible written content in record, capturing about 1.8 billion images a working day.

About Raiven Capital

Raiven Money is a Canada-Silicon Valley Sequence A technologies venture fund focused on the chances established by synthetic intelligence, 5G and the Internet of Things. Raiven actively seeks passionate founders establishing firms that improve offer chains across cybersecurity, finance, electricity, natural environment, well being, professional medical products, and food stuff. As soon as progress is robust, Raiven exits its portfolio organizations to afterwards-stage funds in Silicon Valley and further than.

View source edition on businesswire.com:https://www.businesswire.com/news/home/20210804005490/en/

Make contact with: Supreet Manchanda

[email protected]

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Source: Raiven Capital

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PUB: 08/05/2021 10:59 PM/DISC: 08/05/2021 10:59 PM

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