Ina Fried

Recent Posts by Ina Fried

Loom Gets $1.4 Million in Seed Funding From Google, Tencent to Build a Better Photo Library

Seeking to stand out in a crowded photo-storage space, Loom said on Friday that it has raised a $1.4 million seed round to fund its vision for syncing photos across multiple devices.

Loom iPad-feature

Investors include Google Ventures, Tencent, DC Shoes founder Damon Way and Will Smith’s Overbrook Entertainment.

Loom, a Y Combinator alum, is making the pitch that it is more than just a place to ditch one’s photos for backup. Rather, it creates multiple separate versions of each image for efficient and fast viewing on different types of devices. For now, Loom is Mac- and iOS-only, though the company aims to eventually support Android, PCs and Windows Phone.

In addition to the funding, the site is opening its service to the public, after being in closed beta since July. Up to five gigabytes of storage is free, with 50GB of storage going for $3.99 a month, and 250GB going for $9.99 a month.

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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik