India, April 2 -- Bengaluru-based AI startup NeuroPixel.AI has wound down its operations after six years of building GennAI solutions for the fashion ecommerce sector.

In a post on Linkedin, its cofounder and CEO Arvind Venugopal Nair said the decision was triggered amid a lack of business penetration due to intense competition from large tech players, particularly after Google launched NanoBanana Pro, a powerful image generation model. 

NeuroPixel.AI's proprietary technology, which once gave it an edge, struggled to compete on distribution and scale despite producing comparable output quality at a lower cost.

As per Venugopal, the closure followed financial strain from losing a major client, which left the startup unpaid for over...