Port Harcourt based startup Touchabl, an AI based picture touching and identification app, has secured seed funding of US$ 20,000 for product development and aggressive marketing.
Touchabl, which describes itself as the “Shazam for pictures”, allows a user that sees something they like – such as a dress, shoe or wristwatch – in any picture, whether on their timeline in the app or in their phone photo gallery, to simply touch it and receive more information about it.
In an exclusive chat with Techative, Gabriel Eze, Touchabl CEO revealed that the funds will be used for product development and product marketing.
“Since launching in public beta, we have collected some interesting feedback and have significantly modified our technology and value proposition. We will build upon our technology using this feedback” he said.
The funding comes from Genesys Tech Hub), through their Genesys Start zone program, an “incubator for promising startups that provides them with the necessary support to grow and thrive in a competitive world”.
Hubly will also provide the Touchabl team with training, mentorship and critical personal feedback to position them into becoming a hugely successful business. This will last for a 6- month period and is actually a condition for funding.
Touchabl which launched officially in October 2017 and reached a milestone of 1k users in February, had previously received equity-free funding from Ibom LLC at StartupSouth 3 and from Office of ICT Innovation & Entrepreneurship (OIIE) – a subsidiary of NITDA – at the Startup Friday in Uyo.