Pixable Picked Up By SingTel for $26.5M
The New York-based startup Pixable, a provider of social photo sharing technology, is being acquired by Singapore Telecommunications for $26.5 million. Pixable has raised about $6.6 million from investors that include Menlo Ventures and Highland Capital Partners, and its most recent fundraise was a $3.6 million Series B round in April 2011.
Pixable was founded in 2009 by three MIT alums, including CEO Inaki Berenguer, and develops a “mobile photo inbox” that helps consumers discover, organize, and aggregate photos across different social networks. Its analytics and artificial intelligence technology (see the MIT connection now?) studies users’ interaction with photos on mobile and Web platforms and prioritizes the important ones to display. It also notifies users of their circles’ new photo activity online.
Pixable has acquired more than 4 million users, SingTel said in its press release on the deal. SingTel will use the Pixable technology to enhance its existing cloud photo storage technology, and said that it ”plans to introduce compelling and differentiated digital services to its 462 million mobile customers in Asia and Africa.” Pixable will become part of the SingTel Digital Life business unit, but will keep its same team operating independently out of New York, the startup said in a blog post.