Finland’s Scoopshot and Germany’s EyeEm have both revealed new tranches of funding that will help them invade the stock photo space with mobile snaps. They both have interesting tech to help them get there.
Instagram’s been forced to insist that it has no intention of selling its users’ photos. But EyeEm, a key rival that is very likely to do just that, says the key lies in just being upfront and honest.
With the photo app’s new ‘Discover’ feed pulling context from an impressive variety of sources, and with monetization plans including an entry into the stock photo business, we may be seeing evolution past the focus on art filters.
It’s hard to imagine Instagram’s rivals feeling good about the company’s $1 billion sale to Facebook. But at least one competitor suggests that users fleeing from the photo app could actually boost other services.
The market for photography apps and photo sharing services is crowded beyond belief, ranging from trendy startups like Instagram to heavily-funded monsters such as Color. So why does Berlin-based EyeEm think it can make an impact? And can it succeed?