Ideogram AI Secures $16.5M Seed Round To Expand its Generative AI Platform
In Brief
Generative AI platform Ideogram AI announced the completion of a $16.5 million seed round co-led by a16z and Index Ventures.
The startup aims to empower individuals to tap into their creative potential through the prowess of generative artificial intelligence (AI).
Generative AI platform Ideogram AI announced the completion of a $16.5 million seed round co-led by a16z and Index Ventures.
AIX Ventures, Golden Ventures, Two Small Fish Ventures, Ryan Dahl, Raquel Urtasun, Jeff Dean, Sarah Guo, Pieter Abbeel, Mahyar Salek, Soleio, Tom Preston-Werner, and Andrej Karpathy backed the round.
Ideogram AI is a platform focused on developing state-of-the-art AI tools. The startup aims to empower individuals to tap into their creative potential through the prowess of generative artificial intelligence (AI). The company also announced that it will further unveil its set of AI-powered tools on August 23.
“We are pushing the limits of what’s possible with AI, with a focus on creativity and a high standard for trust and safety,” wrote the company.
The central team for Ideogram AI comprises a group of AI specialists, including Mohammad Norouzi, William Chan, Jonathan Ho, Chitwan Saharia, Shayaan Abdullah, Jenny Lei, and Jacob Lu.
They have been involved in notable AI endeavors at institutions like Google Brain, UC Berkeley, CMU, and the University of Toronto.
The team members had previously participated in the development of denoising diffusion models. These include Google’s text-to-image system “Imagen,” speech synthesis technology “WaveGrad,” and generative adversarial imitation learning.
The startup is also currently looking for specialists in the engineering, research, design, and operations fields. Interested individuals based in Toronto can discover open positions on a dedicated page.
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Valeria is a reporter for Metaverse Post. She focuses on fundraises, AI, metaverse, digital fashion, NFTs, and everything web3-related. Valeria has a Master’s degree in Public Communications and is getting her second Major in International Business Management. She dedicates her free time to photography and fashion styling. At the age of 13, Valeria created her first fashion-focused blog, which developed her passion for journalism and style. She is based in northern Italy and often works remotely from different European cities. You can contact her at valerygoncharenko@mpost.io
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Valeria is a reporter for Metaverse Post. She focuses on fundraises, AI, metaverse, digital fashion, NFTs, and everything web3-related. Valeria has a Master’s degree in Public Communications and is getting her second Major in International Business Management. She dedicates her free time to photography and fashion styling. At the age of 13, Valeria created her first fashion-focused blog, which developed her passion for journalism and style. She is based in northern Italy and often works remotely from different European cities. You can contact her at valerygoncharenko@mpost.io
