BRIA, a Tel Aviv, Israel-based responsible visual generative AI open platform, has raised $24 million in Series A funding.
SaaS Investors
The round was led by GFT Ventures, Intel Capital, and Entrée Capital, with contributions from Publicis Groupe, Getty Images, Samsung Next, and others.
Founded in 2021, GFT Ventures is a venture capital firm based in Palo Alto, California, investing primarily in the US and Israel. Founded in 2021, the firm prefers to invest in seed-stage, early-stage, and later-stage companies.
Founded in 1991, Intel Capital is the corporate venture capital arm of Intel, based in Santa Clara, California. The firm seeks to invest in cloud, silicon, devices, and frontier sectors.
Entrée Capital is a venture capital firm that funds multi-stage startups and companies all over the world. Founded in 2009 and based in Herzliya, Israel, Entrée Capital manages over $1.2 billion across nine funds and has invested in over 180 startups.
BRIA Use of Funds
The company will use the funding to expand its text-to-video capabilities and global operations. BRIA's platform, distinct for using only licensed imagery, aims to ensure ethical AI use and copyright compliance, addressing growing concerns around AI trust and legality.
About BRIA
BRIA is a visual generative AI company committed to responsible AI development, focusing on empowering developers and ensuring compliance with copyright and privacy standards. BRIA enables companies to easily tailor their visual requirements and allows developers to seamlessly integrate generative AI capabilities into any existing product, solution, or system as a source code and pre-trained model, API, and SDK. It promotes a sustainable economy that respects data owners, artists, and users, aiming for a balanced ecosystem where visual generative AI is used ethically for mutual benefit. BRIA is distinguished by its certification as Fairly Trained for adhering to training data practices that honor creators' rights.
Funding Details
Company: BRIA
Raised: $24.0M
Round: Series A
Funding Month: February 2024
Lead Investors: GFT Ventures, Intel Capital, and Entrée Capital
Additional Investors: Publicis Groupe, Getty Images, Samsung Next
Company Website: https://bria.ai/
Software Category: Visual Generative AI Solution
Source: https://www.prnewswire.com/news-releases/bria-raises-24m-series-a-to-pioneer-responsible-visual-generative-ai-for-enterprises-302067391.html