Invoke AI, Atlanta, Georgia-based creator of open-source generative artificial intelligence (AI) software designed for artists and creative teams, secured $3.75 million in seed funding.
SaaS Investors
The round was led by Storm Ventures, with participation by SignalFire and Universe Software.
Founded in 1997, Storm Ventures is an early-stage B2B-focused venture firm that specializes in building enterprise leaders. The firm seeks to invest in early-stage companies operating in business-to-business, data infrastructure, digital health, engineering, government and legal tech, human resource, workforce, information technology, marketing, robotics as service, sales, security, and vertical SaaS sectors.
Invoke AI Use of Funds
The funds will be used to expand the support of the open-source software project's community and bring an enterprise SaaS platform to market for professional creative teams. Invoke AI aims to continue building a Generative AI ecosystem to equip visual artists and creatives with the latest advancements in AI research.
About Invoke AI
Founded in 2023, Invoke AI is an open-source project with a mission to empower artists and revolutionize the process of professional creativity. The company focuses on incorporating state-of-the-art open-source research to offer Generative AI visual creative tools to professional creatives and enterprises. Invoke AI is working to promote ethical alignment and innovation within the industry, serving independent professionals and enterprises with its SaaS solution. The company is a remote-first organization headquartered in Atlanta, Georgia.
The company’s open-source software project has grown rapidly since its inception in 2022, accumulating 18,900 stars on GitHub. Invoke AI's software is used by a diverse range of professionals, including game studios, agencies, and architecture firms.
Funding Details
Company: Invoke AI, Inc.
Raised: $3.75M
Round: Seed Round
Funding Month: September 2023
Lead Investors: Storm Ventures
Additional Investors: SignalFire and Universe Software
Company Website: https://invoke.ai/
Software Category: Open-Source Software Project
Source: https://www.businesswire.com/news/home/20230927492675/en/Invoke-AI-Raises-3.75-Million-Seed-Funding-to-Bring-Artificial-Intelligence-Technology-to-the-Creative-Process