About Modyfi
Modyfi is a company based in Los Angeles (United States) founded in 2021 by Joseph Burfitt and Piers Cowburn.. Modyfi has raised $24.73 million across 3 funding rounds. Modyfi operates in a competitive market with competitors including Imagen, DxO, Algomage, CyberLink and Corel, among others.
- Headquarter Los Angeles, United States
- Founders Joseph Burfitt, Piers Cowburn
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Sectors
Media & EntertainmentTechnology
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Email
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Phone
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Website
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Social
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- Legal Name Modyfi, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$24.73 M (USD)
in 3 rounds
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Latest Funding Round
$14.65 M (USD), Series B
Apr 26, 2024
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Investors
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Employee Count
Employee Count
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Funding Insights of Modyfi
Modyfi has successfully raised a total of $24.73M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $14.65 million completed in April 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $14.6M
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First Round
First Round
(24 Aug 2021)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2024 | Amount | Series B - Modyfi | Valuation |
investors |
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| Nov, 2022 | Amount | Series A - Modyfi | Valuation |
investors |
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| Aug, 2021 | Amount | Seed - Modyfi | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Modyfi
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Modyfi
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Modyfi Comparisons
Competitors of Modyfi
Modyfi operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Imagen, DxO, Algomage, CyberLink and Corel, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
AI-enabled software is used for photo editing by subscribers.
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| domain | founded_year | HQ Location |
Photo editing software is provided for image correction and enhancement.
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| domain | founded_year | HQ Location |
AI-powered post-production solutions are offered to photographers and enterprises.
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| domain | founded_year | HQ Location |
Post-production software solutions are provided for media industry editing.
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| domain | founded_year | HQ Location |
Graphics, painting, photo, video, and office software is provided.
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| domain | founded_year | HQ Location |
Cinemagraphs creation tool
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Modyfi
Frequently Asked Questions about Modyfi
When was Modyfi founded?
Modyfi was founded in 2021.
Where is Modyfi located?
Modyfi is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Who is the current CEO of Modyfi?
Joseph Burfitt is the current CEO of Modyfi. They have also founded this company.
Is Modyfi a funded company?
Modyfi is a funded company, having raised a total of $24.73M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.88M, raised on Aug 24, 2021.
What does Modyfi do?
AI-powered image editor platform. It allows user to design, generate, animate, and more. The platform emphasizes streamlining workflows, fostering collaboration among designers, and more.