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Ideogram AI Secures $16.5M Seed Round To Expand its Generative AI Platform

August 23, 2023
in Metaverse
Reading Time: 2 mins read
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Ideogram AI Secures $16.5M Seed Round To Expand its Generative AI Platform

Revealed: 23 August 2023, 4:33 am Up to date: 23 Aug 2023, 4:34 am

Generative AI platform Ideogram AI introduced the completion of a $16.5 million seed spherical 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 spherical. 

Ideogram AI is a platform targeted on growing state-of-the-art AI instruments. The startup goals to empower people to faucet into their inventive potential via the prowess of generative synthetic intelligence (AI). The corporate additionally introduced that it’ll additional unveil its set of AI-powered instruments on August 23.

“We’re pushing the bounds of what’s potential with AI, with a concentrate on creativity and a excessive normal for belief and security,” wrote the corporate. 

The central staff for Ideogram AI includes a gaggle of AI specialists, together with Mohammad Norouzi, William Chan, Jonathan Ho, Chitwan Saharia, Shayaan Abdullah, Jenny Lei, and Jacob Lu.

They’ve been concerned in notable AI endeavors at establishments like Google Mind, UC Berkeley, CMU, and the College of Toronto. 

The staff members have beforehand participated within the improvement of denoising diffusion fashions, Google’s text-to-image system “Imagen,” video synthesis capabilities, speech synthesis expertise “WaveGrad,” neural speech recognition, neural machine translation, contrastive studying for visible illustration, and generative adversarial imitation studying.

The startup can also be at present in search of specialists within the engineering, analysis, design, and operations fields. people primarily based in Toronto can uncover open positions on a devoted web page. 

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