# Imagga

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

- Industry: Software
- Headquarters: Sofia, Bulgaria
- Website: www.imagga.com
- Total disclosed funding: $0.5M
- Latest round: Seed (Jul 9, 2013)
- Investors on record: 2

## About

Imagga is a technology company specializing in image recognition solutions, focusing on automating image analysis and categorization through advanced APIs for various applications in different industries.Founded in 2008 and headquartered in Sofia, Bulgaria, Imagga provides image recognition services that automate visual content analysis. The company was co-founded by Chris Georgiev, Georgi Kadrev, Pavel Andreev, and Stavri Nikolov, with Georgi Kadrev currently serving as CEO. Imagga has secured multiple funding rounds, the most recent being a Seed round in July 2013, raising USD 0.35 mn from LAUNCHub and other investors. The company has completed a total of 4 deals, accumulating a total funding of USD 0.35 mn.Imagga Technologies specializes in advanced image recognition solutions as a service, focusing on automating image analysis and categorization through various APIs. Its offerings include automated tagging, visual search capabilities, facial recognition, and custom training for image classification, all aimed at enhancing visual content discoverability. Imagga's solutions serve diverse sectors like media, e-commerce, and digital asset management, with notable clients including Tavisca and Unsplash. The company operates in North America, Europe, and Asia, catering to over 60,000 clients worldwide, including startups and educational institutions.In the most recent year, 2021, Imagga Technologies reported a revenue of USD 413,723 and an EBITDA of USD 581,268. The company operates on a subscription-based revenue model, facilitating transactions through partnerships and direct B2B engagements, allowing clients to access APIs under structured pricing plans, boosting their visual content management capabilities.Imagga plans to leverage its recent Seed funding of USD 0.35 mn to enhance its product offerings and expand into new markets. Specific new products are currently in the design phase, targeting various industries for improved image recognition capabilities. The company aims to expand its reach into new geographic regions, including further penetration into North America and Europe, by 2025.

## Funding rounds

- Seed, Jul 9, 2013, $0.3M — LAUNCHub
- Seed, May 20, 2011, $0.1M — OpenFund
- Seed, Jan 1, 2010, $0.1M — OpenFund

## Investors

- OpenFund (https://capitalatlas.ai/funds/openfund) — Seed
- LAUNCHub (https://capitalatlas.ai/funds/launchub) — Seed