Sydney-based generative AI art platform Leonardo.Ai raises $31M

Key Points:

  • Leonardo.Ai, a Sydney-based generative AI startup, raised $31 million USD from investors, including Blackbird, Side Stage Ventures, Smash Capital, TIRTA Ventures, Gaorong Capital, and Samsung Next.
  • The company caters to creative industries with its AI art production platform for consumers and enterprises, offering features such as collaboration tools, private cloud hosting, and access to APIs to build custom tech infrastructure.
  • Leonardo.Ai’s new funding will support the expansion of its enterprise product, hiring efforts for sales and marketing, and the growth of its engineering team.

Summary:

Leonardo.Ai, a generative AI startup based in Sydney, Australia, recently secured a $31 million USD round of funding from investors like Blackbird, Side Stage Ventures, Smash Capital, TIRTA Ventures, Gaorong Capital, and Samsung Next. The company, founded in 2021, has gained seven million users and produced over 700 million images since December. Catering to creative industries such as gaming, advertising, fashion, and architecture, Leonardo.Ai offers an AI art production platform for both consumers and enterprise users. Its enterprise version includes collaboration tools, private cloud hosting, and access to APIs to build custom tech infrastructure. The platform allows users to save, edit, and build multiple assets in the same style, as well as create and train their own image generation models. The new funding will enable Leonardo.Ai to expand its enterprise product, hire more sales and marketing team members, and grow its engineering team.

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