Hedman advised Alpha AR on raising 800 000 dollars in a financing round

The Estonian startup Alpha AR finalized its new seed funding led by ZAKA Startups and Curiosity VC, raising 800 000 dollars.

Alpha AR uses AI to create 3D models from 2D images. Alpha AR’s technology is used by Meta, Farfetch, Renault, VivaTech, Publicis Conseil, WANNA, PwC, Threedium, Plug and Play, and many other well-known global fashion and retail brands.

The company will use the funds for expanding into new markets across South Africa as well as in Mexico and for the continued progression of Alpha AR’s AI platform.

Hedman advised Alpha AR in all phases of the investment, including negotiations and closing.

From Hedman, the client was advised by senior associate Taavi Kõiv and assisted by junior associate Anastasia Miller.