/

Sydney-based Leonardo.Ai Raised $31 Million in Funding for Generative AI Art Platform

The newly raised funds will support Leonardo.Ai in expanding its enterprise product, hiring additional sales and marketing team members, and growing its engineering team to meet the increasing demand for its generative AI art platform.

by

Sydney, Australia-based Leonardo.Ai has raised $31 million in a recent funding round led by investors such as Blackbird, Side Stage Ventures, Smash Capital, TIRTA Ventures, Gaorong Capital, and Samsung Next. Founded in 2021, the generative AI art production platform has gained significant traction, boasting seven million users since December, generating over 700 million images.

The platform caters to both consumers and enterprise users and recently introduced an enterprise version with collaboration tools, private cloud hosting, and APIs for building custom tech infrastructure.

Leonardo.Ai targets users in creative industries such as gaming, advertising, fashion, and architecture, offering features that allow users to save, edit, and build multiple assets in the same style for reuse. Users can also build and train their own models for image generation. The platform’s applications extend to various scenarios, including storyboards for video production and mockups for gaming characters. Leonardo.Ai’s CEO and co-founder, J.J. Fiasson, emphasized the platform’s focus on providing users with control, differentiating it from other generative AI art platforms.

The newly raised funds will support Leonardo.Ai in expanding its enterprise product, hiring additional sales and marketing team members, and growing its engineering team to meet the increasing demand for its generative AI art platform.

Related Stories

Latest News Stories