Poly Raises $4 Million in Seed Round  

by Kay Aloha Villamor in January 6th, 2023

Poly, a San Francisco, CA-based web-first generative AI company for design assets, raised $4 million in seed funding.

The round was led by Felicis, Bloomberg Beta, and NextView Ventures, with participation from Y Combinator, Figma Ventures, AI Grant, and other strategic angels.

The company intends to use the funds to train vertically fine-tuned generative AI models and hire talent in the design and AI space.

Poly is building generative AI tools for designers to create customizable, and HD design assets (textures, illustrations, icons, sound effects, etc.). It has attracted thousands of active users and hundreds of paying subscribers to its platform, with over 2 million user-generated textures.

Current customers range from professionals at Fortune 500 companies to individual freelancers in game design, AR/VR, interior design, architecture, and 3D rendering for e-commerce, marketing, and many more.

Company: Poly Corporation

Raised: $4.0M

Round: Seed Round

Funding Month: December 2022

Lead Investors: Felicis, Bloomberg Beta, and NextView Ventures

Additional Investors: Y Combinator, Figma Ventures, and AI Grant

Company Website: https://withpoly.com/

Software Category: Multimedia and Design Software

About the Company: Founded in 2022 by Abhay Agarwal and Sam Young, Poly is a developer of a web tool intended to generate creative design assets. It uses proprietary AI technology to make it easy for 3D modelers, game devs, and artists to create 4K UHD. It helps in designing assets with a simple text prompt, and generates unlimited customizable, HDR, and commercially licensed creative design assets of any kind by dragging and dropping photorealistic graphics directly into the user’s workflow. Poly participated in Y Combinator’s S22 cohort.


Source: https://www.finsmes.com/2023/01/poly-raises-4m-in-seed-funding.html

 



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