The platform aims to help artists scale their artwork and sell or license it to customers such as media outlets or ad agencies. The company's revenue comes from a subscription fee paid by illustrators who use the platform to serve more demand and increase their income. The company's algorithm, which is based on a model offered by Picsart and their own unique training data, is designed to understand the artist's style and produce images accordingly.
Key takeaways:
- London-based startup Exactly.ai uses generative AI to help artists retain legal ownership of their art and reproduce their designs faster and at scale.
- The company has raised $4.3 million in a seed funding round led by Speedinvest, with participation from InReach Ventures, Cornerstone VC, GuruDev Capital, and several angel investors.
- Exactly.ai was founded by Tonia Samsonova, a former journalist who previously sold a Q&A platform to Russian search engine Yandex.
- The startup's business model is based on a subscription fee from artists and illustrators who use the platform to serve more demand and increase their income.