TIPIT Raises $2.5M Seed Round and Opens the World of Augmented Reality Graphics

SAN FRANCISCO, February 8, 2017 /PRNewswire/ --

TIPIT, a cross-platform engine aimed at innovating in the space of augmented reality (AR), announces today that it has raised $2.5M in a seed round of investment. With investor support from Atooro Fund, TIPIT provides developers, cameras, and brands with a software development kit (SDK) of computer vision and AR technologies that increases platform users' retention, engagement and boosts revenues at an affordable price.

With AR becoming more popular and as the technology goes more mainstream, companies will look to create their own graphics. Developing graphics to interface with AR and image processing technologies is extremely difficult, but TIPIT's technologies eliminate the difficulties for developers so they can design AR graphics without writing a single line of code. TIPIT not only offers their own graphics, but also software for customers to effortlessly design thousands of their own AR graphics and interface with the SDK.

Jonathan Rimon, CEO of TIPIT, said, "TIPIT is the only true cross-platform in the AR world, providing the means to seamlessly create and integrate new graphics with customers' products. We have found a way to bring these innovative technologies to developers for a much lower price than other AR or image processing SDKs, opening up the world of AR to a wider audience for more creativity and utilization across social media."

A unique outlier in the AR space, TIPIT's technologies provide unique full-body AR effects not found on any other product, including an automatic "green screen" to separate different objects (like humans, cats, dogs, and cars) from the background, art filters with the ability to transfer style only to the image or background, face filters with tracking technology to apply the filter in real-time, and head stickers with the ability to extract a head from a background (including the hair and facial hair).

Yonatan Brender, Managing General Partner of Atooro Fund, remarked, "We're proud to support the advancement of TIPIT, demonstrating its position as a truly unique outlier in the AR space with advanced and intuitive technologies that will no doubt play a large role in the way developers create AR and image processing effects for social media."

TIPIT has developed products for the consumer sector, and launched the app SOLO in April 2016 to demonstrate some of the platform's capabilities. The free mobile augmented reality photo editing app for consumers provides smartphone users with professional editing capabilities that were previously only accessible to professional designers. The app is immensely popular, with nearly 2M users within a few months of launching.

About TIPIT  

TIPIT is a cross-platform engine that delivers computer vision and AR technologies to messaging platforms, developers, social platforms, and brands who who are looking to deliver revolutionary user experiences. TIPIT has new automatic editing capabilities for mobile, bringing the strength and sophistication of professional video software to mobile, enabling users to superimpose themselves into any story and enhance their photos and videos with innovative AR effects.

Media Contact
Courtney Khan
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SOURCE TIPIT