Leonardo.Ai's platform is designed for creative industries, allowing users to save, edit, and build multiple assets in the same style for reuse, and even build and train their own models for image generation. The company's AI was built on open source technologies and trained using synthetic data and data from Creative Commons. The new funding will be used to hire more sales and marketing team members as the company scales out its enterprise product and to build its engineering team.
Key takeaways:
- Leonardo.Ai, a generative AI startup based in Sydney, Australia, has raised $31 million in funding from investors including Blackbird, Side Stage Ventures, Smash Capital, TIRTA Ventures, Gaorong Capital and Samsung Next.
- The AI art production platform, founded in 2020, has reached seven million users who have generated over 700 million images. It recently launched an enterprise version with collaboration tools and private cloud hosting.
- Leonardo.Ai's platform is designed for creative industries, allowing users to save, edit, and build multiple assets in the same style for reuse. Users can also build and train their own models for image generation.
- The new funding will be used to hire more sales and marketing team members and to scale out its enterprise product. The company also plans to expand its engineering team.