A stealth AI model beat DALL-E and Midjourney on a popular benchmark. Its creator just landed $30M.

A stealth AI model beat DALL-E and Midjourney on a popular benchmark. Its creator just landed $30M.

Recraft, the startup behind a mysterious image model that beat OpenAI’s DALL-E and Midjourney on a respected industry benchmark last year, has raised a

Recraft Raises $30M in Series B Funding

Recraft, a London, UK-based developer of an AI-powered design platform providing image generation with brand consistency, raised $30M in Series B funding The round led by Accel with participation from Madrona Ventures, and existing investors Khosla Ventures, Nat Friedman, Elad Gil and RTP Global. The company intends to use the funds to iterate on its model, expand […] The post Recraft Raises $30M in Series B Funding appeared first on FinSMEs.

Recraft raises $30 million to challenge DALL-E and Midjourney

Recraft, the startup behind a mysterious image model that outperformed OpenAI’s DALL-E and Midjourney on a respected industry benchmark, has secured a $30 million Series B funding round led by Accel. The San Francisco-based company revealed this development exclusively to TechCrunch. The funding round also saw participation from existing investors Khosla Ventures and Madrona. Recraft had previously raised a $12 million Series A round led by Khos…

Designing AI’s Future: Why We Invested in Recraft

At Madrona, we believe that the most successful applied AI companies combine exceptional AI models—sometimes horizontal, sometimes domain-specific—with an equally powerful understanding of user needs and workflows, all delivered through compelling user experiences. Recraft perfectly embodies this ideal, and we’re thrilled to announce our investment in their $30M Series B alongside Accel, Khosla Ventures, Nat Friedman, and Elad Gil. Recraft is an…

Recraft, whose image model Recraft V3 beat OpenAI's DALL-E and Midjourney on the Artificial Analysis benchmark last year, raised a $30M Series B led by Accel

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A stealth AI model beat DALL-E and Midjourney on a popular benchmark….

Recraft, the startup behind a mysterious image model that beat OpenAI’s DALL-E and Midjourney on a respected industry benchmark last year, has raised a $30 million Series B round led by Accel, it exclusively told TechCrunch.  Other investors in the round include Khosla Ventures and Madrona. Based in San Francisco, Recraft previously raised a $12 [...]