In March of 2020, PhotoMath raised $23 million in Series A funding from Menlo Ventures and Wiggers Ventures. The investment will be used to grow the engineering and product teams, as well as to expand the app’s capabilities beyond solving simple math equations.
PhotoMath is the world’s first camera calculator. The app uses the built-in camera on your phone or tablet to recognize and solve math equations in real time. Just point the camera at an equation and PhotoMath will show you the answer. PhotoMath is available for free on iOS and Android.
Series A Funding
In March of 2020, PhotoMath raised $23 million in Series A funding from Menlo Ventures and Wiggers Ventures. The investment will be used to grow the engineering and product teams, as well as to expand the app’s capabilities beyond solving simple math equations.
With the new investment, PhotoMath has now raised a total of $29 million.
Menlo Ventures is a leading venture capital firm with over $4 billion in capital under management. The firm has invested in some of the world’s most iconic companies, including Netflix, PayPal, and Tesla.
Wiggers Ventures is a new venture capital firm focused on early-stage investments. The firm was founded by veteran entrepreneur and investor Marcus Wiggers.
Product Expansion
In addition to growing the engineering and product teams, the new investment will also be used to expand the app’s capabilities beyond solving simple math equations.
PhotoMath currently supports arithmetic, fractions, decimal numbers, linear equations, and basic trigonometry. The app’s developers are now working on adding support for more advanced math, including calculus and statistics.
The expansion of PhotoMath’s capabilities will make the app even more valuable for students, parents, and teachers.
Conclusion
PhotoMath is the world’s first camera calculator. The app uses the built-in camera on your phone or tablet to recognize and solve math equations in real time. Just point the camera at an equation and PhotoMath will show you the answer.
Related FAQs
1.How much money did PhotoMath raise in Series A funding?
PhotoMath raised $23 million in Series A funding from Menlo Ventures and Wiggers Ventures.
2. How will the new investment be used?
The new investment will be used to grow the engineering and product teams, as well as to expand the app’s capabilities beyond solving simple math equations.
3. Who are some of the investors in PhotoMath?
Menlo Ventures and Wiggers Ventures are the two main investors in PhotoMath.
4. What expansion plans does PhotoMath have?
PhotoMath is planning to expand its capabilities beyond solving simple math equations. The app will soon support more advanced math, including calculus and statistics.
5. What is the photomath series menlo ventures 29m wiggersventurebeat?
Photomath is a camera calculator that uses the built-in camera on your phone or tablet to recognize and solve math equations in real time.
6. About photomath 23m series menlo 29m wiggersventurebeat.
In March of 2020, PhotoMath raised $23 million in Series A funding from Menlo Ventures and Wiggers Ventures. The investment will be used to grow the engineering and product teams, as well as to expand the app’s capabilities beyond solving simple math equations.
7. What is photomath aipowered 23m menlo ventures 29m wiggersventurebeat?
PhotoMath is an AI-powered camera calculator that uses the built-in camera on your phone or tablet to recognize and solve math equations in real time.
