FourFourFiveNews.com title FourFourFourFive News: PhotoShop is shutting its doors article FourFiveFiveFiveNews: PhotoSolutions is closing down after a $1.5 million funding round led by investors including Alibaba, Facebook and Google.
The company was founded in 2012 and was founded by a team of photographers and was focused on selling affordable and high quality photos in a low cost format.
“It’s a very simple concept: take an existing product and bring it to the next level by offering an all-in-one solution,” the company said in a statement.
It said that while PhotoShop would continue to support the photo and video market, it would be shutting down.
PhotoShop said that it had over $500 million in sales and $30 million in revenues in the third quarter of 2017.
In 2017, PhotoShop was one of the first photographers to accept bitcoin and was the first photo studio to accept BitcoinPay.