Startup Ideogram Raises $80 Million for AI Image Generation

Toronto-based startup Ideogram, which is developing artificial intelligence image generation technology, is set to announce a $80 million Series A funding round. The round, significant for a company less than two years old, is being led by Andreessen Horowitz, with participation from Index Ventures, Redpoint Ventures, Pear VC and SV Angel.

Ideogram's CEO and co-founder, Mohammad Norouzi, confirmed the news to Bloomberg but the company declined to disclose its valuation. This funding round announcement is expected to be made on Wednesday.

Key takeaways

Ideogram, an AI image generation tech company, is raising $80 million from investors.
The funding round is significant for a startup that's less than two years old.
The Series A funding round, led by Andreessen Horowitz, will be announced on Wednesday.
Other participants in the funding round include Index Ventures, Redpoint Ventures, Pear VC and SV Angel.

Startup Ideogram Raises $80 Million for AI Image Generation

Key takeaways

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