Austin-based company poised for rapid growth with new funding and key leadership addition.
Austin, TX (March 12, 2019) – Waldo Photos, an Austin, TX-based AI-powered photo-finding platform, has closed on a $4.0m fundraising round led by St. Louis-based Lewis & Clark Ventures. Existing investors Upfront Ventures and Geekdom Fund also participated in the round.
Waldo Photos has also made an important strategic hire in Tim O’Hara, who joins Waldo as Chief Operating Officer. O’Hara previously served as Senior Vice President in UnitedHealth Group’s Optum Analytics division, where he oversaw one of the company’s largest software portfolios, with $270M in revenue under management. An alumnus of the Stanford University Graduate School of Business, Tim brings more than 20 years experience with product launches, performance improvement, and customer success. He joins CEO Rodney Rice on the leadership team, who prior to founding Waldo Photos took HomeAdvisor (formerly ServiceMagic) from a concept to a highly profitable business employing more than 1,200 people and generating over $200M in revenue.
Combining AI with real-time mobile delivery, Waldo is changing the way photos are discovered, delivered, and purchased. Waldo removes all the friction in getting photos of you and loved ones taken by others and helps camps, schools, youth sports leagues, resorts, event promoters, and photographers get more value out of their photography. Combining proprietary facial and object recognition technologies, GPS, and real-time cloud-based delivery with the convenience of a text-based interface, Waldo enables photos to flow seamlessly from the photographer to the photographed.
“We were deeply impressed by Waldo,” said Lewis & Clark Ventures Principal Ron Watson. “The platform allows people to turn off their phones and actually enjoy themselves in the moment, and that has value from both a technological and a social perspective. Rodney and Tim are also both incredibly experienced leaders.”
“We’re thrilled to have Lewis & Clark Ventures as an investor,” said Rodney Rice. “The firm puts incredible energy and diligence into selecting its portfolio companies, and we know that we’re receiving not just dollars from the team, but ongoing support and insights. This is an ideal partnership and positions us for accelerated growth within the camps, schools, youth sports and travels verticals. I’m also thrilled to have Tim joining the team as we enter this next phase of development. His operational acumen will be a tremendous asset for Waldo.”
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