# ClipDrop

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/clipdrop

- Industry: Software
- Headquarters: Paris, France
- Website: https://clipdrop.co/
- Total disclosed funding: $0.9M
- Latest round: Seed (Oct 13, 2021)
- Investors on record: 3

## About

Founded in 2020 by Cyril Diagne, Damien Henry, and Jonathan Blanchet, and based in Paris, France, Init ML, doing business as Clipdrop operates a machine-learning-powered photo editing app that creates product visuals without using a photo studio. In February 2024, Jasper, a portfolio company of Institutional Venture Partners, Foundation Capital, Insight Partners, Bessemer Venture Partners, Founders Circle Capital, Coatue Management, HubSpot Ventures, Quarry Ventures, and Bossanova Investimentos, acquired Init ML from Stability AI Ltd.

The firm offers a range of image editing and enhancement tools, including generative fill, which allows users to replace or remove elements from images; a universal resizer for adjusting image sizes for different social media platforms; and a swap for changing people in photos. The firm also provides instant text-to-image for generating images from text descriptions, replacing backgrounds for altering backgrounds, and removing backgrounds for isolating subjects. Additional tools include cleanup for removing unwanted objects or defects, uncropped for expanding images, image upscaler for increasing resolution, sketch to image for transforming sketches into images, and reimagining for creating multiple variants of an image.

## Funding rounds

- Seed, Oct 13, 2021, $0.9M — Kima Ventures, Soma Capital Management, Air Street Capital

## Investors

- Kima Ventures (https://capitalatlas.ai/funds/kima-ventures) — Seed
- Soma Capital Management (https://capitalatlas.ai/funds/soma-capital-management) — Seed
- Air Street Capital (https://capitalatlas.ai/funds/air-street-capital) — Seed