Cupixel Raises $5M in Seed Funding

Cupixel, a Boston, MA-based experience startup that aims to bring the joy of creating art to everyone, raised $5M in seed funding.

The round was led by JOANN Fabric & Crafts (NASDAQ: JOAN). 

Led by Elad Katav, Founder and Chief Executive Officer, Cupixel provides an app that leverages state-of-the-art AR and AI technologies and pairs it with content, art materials, interactive tools, and live or on-demand artist-led experiences, enabling people to create striking works of art.

The AR-powered smart tracing technology casts outlines—either from its gallery of images or of users’ own design—onto any surface for people to trace. The AI-powered photo to outline conversion technology allows users to upload their own photographs and convert them into image outlines that people can turn into art. And text editor technology lets users design text-based artwork that can stand alone or be added to another piece of art, while its time-lapse tool captures the entire process so people can watch their art come to life and share it on social media. 

In addition to the AR app’s interactive tools, Cupixel offers physical art sets with all the premium materials users need to create art. The Acrylic Art Set includes high-quality paints, brushes, and canvases for paintings, while the Greeting Card Set includes art supplies for creating personalized greeting cards, including premium blank card stock and envelopes, 12 dual-tipped markers, and a selection of greeting card covers. 

The app is available on Google Play and the App Store for $12.99/month.

FinSMEs

10/08/2022