Great news - Formula VC venture fund invested 200K USD in Wirestock!

Wirestock helps visual content creators monetize photos, graphics, and videos by providing creators with access to major marketplaces including Getty Images, Shutterstock, Adobe, Pond5, Envato, Freepik, and more.

Other venture funds, including Decart Ventures, I2BF, Graph Ventures, participated in Wirestock's this investment round.

This is the 14th startup in the portfolio of the venture fund. In total, Formula VC invested 2.3 million dollars in Armenian startups so far.

https://t.me/threenstartups

#formulavc #wirestock #investment #successstory #news

🚀 Armenian startup Wirestock raised a $23M Series A after a major pivot into AI data infrastructure

Photo & News Source: Techcrunch


Originally known as a platform helping photographers monetize content on stock marketplaces, Wirestock repositioned itself into a supplier of multimodal datasets for leading AI labs.

Some impressive stats:
• 700K+ creators on the platform
• Supplying data to 6 major foundation model companies
• ~$40M annual run-rate revenue
• $15M already paid to contributors

Congrats to Wirestock team on this milestone 👏

#Wirestock #Investment #SuccessStory

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