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Ideogram AI Secures $16.5 Million in Seed Financing Led by a16z and Index Ventures

August 23, 2023
in Blockchain
Reading Time: 2 mins read
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On August 22, 2023, a brand new participant entered the AI enviornment, Ideogram AI. Their major mission revolves round harnessing the ability of generative AI to amplify human creativity. The corporate goals to develop cutting-edge AI instruments designed to make artistic expression not solely extra accessible but in addition extra satisfying and environment friendly.

The announcement was made on their official web site, the place additionally they hinted at revealing extra particulars about their AI product within the coming day. These can keep up to date by following their official Twitter deal with, “@ideogram_ai”.

The brains behind Ideogram AI are not any strangers to the world of AI. The founding crew boasts of AI luminaries who’ve beforehand spearheaded transformative AI tasks at esteemed establishments like Google Mind, UC Berkeley, CMU, and the College of Toronto. Their foundational work in AI spans a variety, together with “Denoising Diffusion Fashions”, “Imagen” which is Google’s text-to-image system, “WaveGrad” for speech synthesis, “neural speech recognition”, and “neural machine translation”, amongst others.

When it comes to monetary backing, Ideogram AI has efficiently raised “$16.5 million in seed financing”. This funding spherical witnessed participation from main enterprise capital corporations comparable to “a16z” and “Index Ventures”. Moreover, a number of different buyers and trade stalwarts like Ryan Dahl, Raquel Urtasun, Jeff Dean, and Andrej Karpathy, to call a couple of, additionally contributed to the spherical.

Ideogram AI is at present looking out for expertise, with a number of open positions in engineering, analysis, design, and operation, all primarily based in Toronto.

This announcement and the following tweet from their official Twitter account garnered important consideration, with over 6,000 views inside a brief span.

With such a powerful basis and clear imaginative and prescient, the AI group eagerly awaits the improvements Ideogram AI will carry to the desk.

Picture supply: Shutterstock

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Tags: a16zFinancingIdeogramIndexLedMillionSecuresSeedVentures
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