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Wand.app raises $4.2M to scale its AI-powered creative tool for artists | TechCrunch

Aug 23, 2023 - techcrunch.com
Wand.app, an AI-powered creative tool that allows artists to customize and visualize their ideas, has raised $4.2 million in seed funding led by O’Shaughnessy Ventures. The tool, founded by CEO Grant Davis in December 2021, enables artists to teach a personal AI their own style to receive results consistent with their specific aesthetic. The company is currently testing the tool with a small group of beta testers and plans to launch it publicly in the coming months.

The funding will be used to build out collaborative team features and new creative tooling that will extend to desktop. Wand is also researching ways to improve foundation model architectures and fine-tuning techniques. In the future, the company is interested in exploring methods for artists to share or sell models they’ve fine-tuned on their work, as well as applications to 3D modeling.

Key takeaways:

  • Wand.app, an AI-powered creative tool that allows artists to customize and visualize their ideas, has raised $4.2 million in seed funding led by O’Shaughnessy Ventures.
  • Unlike other AI tools, Wand allows artists to teach a personal AI their own style for consistent aesthetic results and supports more graphical tooling by running on mobile, tablet, and soon, on desktop.
  • The company plans to use the new funding to build out collaborative team features, new creative tooling that will extend to desktop, and improve foundation model architectures and fine-tuning techniques.
  • Wand is exploring methods for artists to share or sell models they’ve fine-tuned on their work, and applications to 3D modeling, with the belief that there will come a point in which one can design something in 2D and have an AI automatically turn it into a 3D model.
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