Danish startup Spektral sold to Apple for $30 million

andrii@tech.eu

Copenhagen-based visual effects startup Spektral was acquired by Apple for $30 million at the end of 2017 in a deal that was only disclosed this week. The company focused on applying machine learning techniques to image and video editing.

Spektral, formerly known as CloudCutout, had raised some $3 million prior to the acquisition. The main focus of its products, also available on mobile, was a real-time green screen processing to separate people and objects from the background and place another one underneath.

Share this:
Share on linkedin
Share on facebook
Share on twitter

Get exclusive access to news, data and actionable insights on the European Tech innovation ecosystem(s)

By subscribing to Tech.eu, you gain instant access to curated European technology news, market intelligence and interviews with leading startup founders, investors and more. Sign up now in under a minute to deepen your knowledge on the European Tech innovation ecosystems on a daily basis.