Leonardo.Ai, a Sydney, Australia-based AI art production platform, has raised $31 million in funding.
SaaS Investors
The round was from investors, including Blackbird, Side Stage Ventures, Smash Capital, TIRTA Ventures, Gaorong Capital, and Samsung Next.
Blackbird is a venture capital fund based in Australia and New Zealand. They invest in every type of technology from software to space, unified by the biggest of ambitions. They have more than 7 billion dollars under management and a portfolio of over 100 companies.
Founded in 2022, Side Stage Ventures is a venture capital firm based in Melbourn, Australia. The firm prefers to invest in early-stage companies and start-ups based in Australia.
Smash Capital is a later-stage investment firm focused on high-growth consumer internet, software, and technology companies. Smash Capital invests in founders building generational brands.
TIRTA Ventures (“TIRTA”) is a newly launched VC firm based in New York City and focused on the interactive entertainment industry. TIRTA invests across content (studios), infrastructure/technology, and platforms that support the broader gaming ecosystem.
Founded in 2013, Gaorong Capital is a venture capital firm based in Beijing, China. The firm focuses on investments in the telecommunication, media, life sciences, cosmetics, and technology sectors.
Founded in 2013, Samsung NEXT is an investment group focused on founders pursuing the imagined and impossible. The firm seeks to invest in companies operating in artificial intelligence, fintech, blockchain, health technology, infrastructure, and media technology sectors.
Leonardo.Ai Use of Funds
The company will use the funds to scale the enterprise product, hire sales and marketing professionals, and expand the engineering team.
About Leonardo.Ai
Founded in 2022, Leonardo.Ai is building an entire generative content production platform that incorporates numerous forms of Generative AI. Designed for individuals in creative fields, the platform allows users to save, edit, and create multiple assets in the same style for reuse. They can also build and train their models for image generation. Leonardo.Ai has garnered seven million users who have generated over 700 million images.
Leonardo.Ai recently launched its enterprise version, offering collaboration tools, private cloud hosting, and APIs for building custom infrastructure on top of its platform.
Funding Details
Company: Leonardo Interactive Pty Ltd.
Raised: $31.0M
Round: Pre-Seed Round
Funding Month: December 2023
Investors: Blackbird, Side Stage Ventures, Smash Capital, TIRTA Ventures, Gaorong Capital, and Samsung Next
Company Website: https://leonardo.ai/
Software Category: AI Art Production
Source: https://techcrunch.com/2023/12/06/leonardo-ai/