Pons.ai, a Hong Kong-based startup, has introduced AI-powered photo booth software for creating custom digital avatars for corporate events.
Over the past year, the platform has showcased its capabilities at 85 events worldwide, leveraging advanced image models like Stable Diffusion.
Operating out of the Hong Kong Science Park, Pons.ai reported revenue close to US$500,000 this fiscal year and is targeting doubling that figure in the coming year.
Over the past year, Pons.ai’s AI-powered photo booth platform has been utilized at 85 enterprise events globally, generating nearly US$500,000 in revenue this fiscal year. According to founder and CEO Kelvin Tang, the company aims to double that figure next year.
The platform is built on several advanced image models, including Stable Diffusion, enabling the creation of digital avatars tailored to corporate clients’ specific style requests. Human engineers further refine these avatars and customize them for various products.
Initially launched in 2021 as a physical art and NFT marketplace, Pons.ai shifted its focus to AI-driven solutions last year. Tang said the company aspires to become a leading provider of generative AI-designed personalized products and gifts.
To fuel its growth, Pons.ai is currently seeking seed funding. However, Tang noted that it faces obstacles in securing investment due to a challenging funding environment and geopolitical uncertainties.
“Honestly, it’s extremely tough, especially in Hong Kong and mainland China,” he said. “Going to the US is also very complicated with geopolitics now.”
In recent years, the United States has intensified its scrutiny of American investments in China’s technology sectors, including artificial intelligence, semiconductors, and quantum computing, as part of broader measures to limit China’s progress in advanced technologies.
According to Kelvin Tang, multiple venture capital firms Pons.ai has engaged with have suggested that the company shift its ownership to a U.S.-based entity. Tang also highlighted that startups in China and Hong Kong face the additional challenge of potentially losing access to the latest chips and AI models.
“It’s a dire situation,” he said. “I think it’s definitely wise to have a diversification strategy.”
The company combines AI tools with human expertise to refine its avatars, offering seamless integration with various products. With growing demand for innovative digital solutions, Pons.ai is well-positioned to capitalize on its momentum and expand its presence in the global market.
