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Typeface, a generative AI platform for content material creation, has raised $100 million in an oversubscribed Collection B spherical led by Salesforce Ventures. The spherical additionally noticed participation from Lightspeed Enterprise Companions, Madrona, GV (Google Ventures), Menlo Ventures, and M12 (Microsoft’s Enterprise Fund).
The funding brings the corporate’s whole capital raised to $165 million at a valuation of $1 billion, a formidable feat for a platform that emerged from stealth with a public launch in February this 12 months with $65 million in funding.
Led by former CTO of Adobe, Abhay Parasnis, and a extremely skilled staff of AI, SaaS, and media technologists, Typeface has garnered vital curiosity from prospects, starting from digital-native manufacturers to Fortune 500 corporations throughout numerous business sectors. The platform counts LG Electronics as certainly one of its prospects.
“With Typeface, now we have unlocked the ability to generate 1000’s of customized, on-brand pictures, spanning over a number of numerous markets and considerably lowering our manufacturing time to amplify our content material manufacturing facility initiative. Typeface offers us the aptitude to create a unified ‘one model’ strategy, amplifying our cross-selling alternatives, constant model illustration throughout numerous enterprise items, and the power to ship tailor-made content material to every goal market,” mentioned David Kang, SVP Digital Commerce & Advertising Options at LG Electronics.
Typeface gives a variety of workflows that cater to completely different departments, equivalent to advertising, gross sales, product, and HR, accommodating a broad vary of workflows.
Simply this month alone, the platform has solid two vital partnerships. Typeface has joined forces with Salesforce to include generative AI capabilities into Salesforce Advertising GPT. The corporate has additionally partnered with Google Cloud, integrating with its giant language fashions. By making Typeface out there as a plugin within the Google Workspace Market, companies can now generate tailor-made, data-drive content material throughout a number of advertising channels.
Typeface lately unveiled new options, equivalent to a sophisticated Picture Studio for high-resolution product images, video-to-text conversion, and selective picture enhancing and regeneration.
“The transformative potential of AI in content material creation is simple, however companies face distinctive challenges that require enterprise-ready options,”
mentioned Abhay Parasnis, founder and CEO at Typeface, in an announcement.
“By combining the strengths of generative AI platforms with our brand-specialized data, now we have eradicated the limitations for enterprises to harness generative AI.”
Not solely are B2B generative AI platforms attracting investor curiosity, however AI, tech, {and professional} consulting corporations have additionally dedicated giant quantities of capital to supply enterprise-ready AI options within the final month. Accenture mentioned it will make investments $3 billion in AI to spice up its purchasers’ effectivity whereas Amazon Net Companies introduced that it’s going to spend $100 million to launch the AWS Generative AI Innovation Middle to assist prospects construct and deploy generative AI providers.
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