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Augmented Reality and Artificial Intelligence Art Experience Company Cupixel Raises $5M Led by JOANN Stores

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Cupixel, an innovative start-up focused on art creation, has secured $5M in seed funding, primarily from JOANN (NASDAQ: JOAN). The Cupixel app combines advanced AR and AI technologies to help users create art effortlessly, offering features such as smart tracing, photo conversion, and live artist guidance. The app is available on both Google Play and App Store for $12.99/month, with a free limited version. This funding will enhance their offerings, promoting creativity and well-being for users without prior art experience.

Positive
  • Secured $5M in seed funding from JOANN to enhance product offerings.
  • Innovative app combines AR and AI to attract a diverse user base.
  • Offers interactive tools and resources that encourage creativity and mindfulness.
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Cupixel's App Empowers Everyone to Experience the Benefits of Creativity Using Advanced Technologies 

BOSTON, Aug. 10, 2022 /PRNewswire/ -- Cupixel, an experience start-up that brings the joy of creating art to everyone, announces today that the company secured $5M in seed funding led by JOANN (NASDAQ: JOAN). 

The Cupixel app harnesses state-of-the-art AR and AI technologies and pairs it with innovative content, premium art materials, interactive tools, and live or on-demand artist-led experiences, enabling people to easily create striking works of art. People who have never before made art can create spectacular paintings and drawings in limitless styles, with limitless subjects, choosing from an extensive gallery of images and fonts. Cupixel offers people a creative outlet and all the benefits that go with that—wellbeing, mindfulness, and joy. The Cupixel app is available on Google Play and the App Store for $12.99/month, and Cupixel offers a limited experience to users for free.

"JOANN is committed to bringing our customers the best tools and assortment available and has been investing in the latest craft technology over recent years," said Rob Will, Executive Vice President and Chief Merchandising Officer at JOANN. "We believe that Cupixel is at the cutting edge and is providing users of all skill levels with the unique and significant rewards that come from creating art. 

Cupixel's AR-powered smart tracing technology casts outlines—either from its gallery of images or of users' own design—onto any surface for people to trace. Cupixel's AI-powered photo to outline conversion technology allows users to upload their own photographs and convert them into image outlines that people can turn into art. And Cupixel's text editor technology lets users design text-based artwork that can stand alone or be added to another piece of art, while its time-lapse tool captures the entire process so people can watch their art come to life and share it on social media. 

"Cupixel offers daily live and on-demand art experiences that continually provides value for our users and their families —whether they are making greeting cards, uploading their own photos and drawing them, or more — everyone can produce their own masterpiece," says Elad Katav, Founder and Chief Executive Officer at Cupixel.

In addition to the AR app's interactive tools, Cupixel offers physical art sets with all the premium materials users need to create art. The Cupixel Acrylic Art Set includes high-quality paints, brushes, and canvases for paintings, while the Greeting Card Set includes art supplies for creating personalized greeting cards, including premium blank card stock and envelopes, 12 dual-tipped markers, and a selection of greeting card covers. 

About Cupixel

Cupixel is an experience start-up that brings the joy of creating art to everyone, empowering people with no art experience to enjoy the satisfying benefits of creativity using advanced augmented reality and artificial intelligence technologies. The company's app (available on Google Play and the App Store) provides innovative content, interactive tools, and live or on-demand guidance by artists, to enable everyone to easily make striking works of art. Cupixel received $5M in seed funding from JOANN Fabric & Crafts (NASDAQ:JOAN) and is based in Greater Boston, Massachusetts. For more information, visit cupixel.com.

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Cision View original content:https://www.prnewswire.com/news-releases/augmented-reality-and-artificial-intelligence-art-experience-company-cupixel-raises-5m-led-by-joann-stores-301602875.html

SOURCE Cupixel

FAQ

What funding did JOANN provide to Cupixel?

JOANN (NASDAQ: JOAN) led a $5M seed funding round for Cupixel.

What technologies does the Cupixel app utilize?

The Cupixel app uses advanced augmented reality (AR) and artificial intelligence (AI) technologies.

How much does the Cupixel app cost?

The Cupixel app is available for $12.99 per month, with a free limited version.

What features does the Cupixel app offer?

Features include smart tracing, photo to outline conversion, and live artist-led experiences.

What is the primary goal of Cupixel?

Cupixel aims to empower users to create art, promoting well-being and creativity for all skill levels.

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