Dark
Light
Today: May 22, 2024
January 18, 2024
1 min read

Revolutionary Recraft Secures $12M in Series A Investments

TLDR:

  • London-based AI graphic design generator Recraft has raised $12m in Series A funding.
  • The round was led by Khosla Ventures and Nat Friedman, with participation from RTP Global, Abstract VC, Basis Set Ventures, Elad Gil, Zhenya Loginov, Dharmesh Shah, and Akshay Kothari.
  • Recraft plans to use the funds to expand operations, develop new features, and broaden its business reach.
  • The company offers a generative AI platform for professional design and has over 300,000 users.
  • CEO and Founder Anna Veronika Dorogush says AI can reshape design and improve the quality of AI-generated graphic design.

Recraft, a London-based AI graphic design generator, has raised $12m in Series A funding. The round was led by Khosla Ventures and Nat Friedman, with participation from RTP Global, Abstract VC, Basis Set Ventures, Elad Gil, Zhenya Loginov, Dharmesh Shah, and Akshay Kothari. The company plans to use the funds to expand operations and development efforts, as well as its business reach.

Recraft offers a generative AI platform for professional design. It provides style control with visual references, allowing users to generate images in a brand style using brand imagery examples and brand colours. The platform also enables the development of sets of branded images or icons to support the generation of consistent style graphics. Additionally, Recraft’s generative design capabilities propose layouts, fonts, colours, and illustrations for designs that combine images and text, supporting digital advertising and marketing efforts.

Over the past eight months, Recraft has seen over 300,000 users on its platform. The company, led by CEO and Founder Anna Veronika Dorogush, believes that AI has the ability to reshape design and improve the quality and consistency of AI-generated graphic design. Recraft’s team of 13 has a deep machine learning experience and expertise in accelerating the next generation of AI-powered design.

Commenting on the funding, Anna Veronika Dorogush said, “I truly believe that AI has the ability to reshape design and influence the way that we look at the world. Recraft was created to meet the requirements of professional design, generating consistent style images and high-quality vector illustrations suitable for everything from advertising and digital marketing assets to iconography. And the development of our Foundation Model will enable us to improve the quality and consistency of the AI-generated graphic design.”

Previous Story

EDBI Backs AlphaSense, Blue Earth Capital Raises $378M for Climate Impact

Next Story

Aramco Supercharges Global Ventures: $4B for an Epic Expansion

Latest from Blog

Binance Invests in Aevo: Leading the Way in L2 DEX

TLDR: Binance Labs has invested in a layer-2 DEX protocol called Aevo, rebranded from Ribbon Finance. Aevo is a high-performance derivatives DEX platform built on Ethereum’s layer-2 protocol. Crypto Exchange Binance Discloses
Go toTop