Tome, a San Francisco, CA-based AI-powered storytelling format that turns your ideas into visually compelling narratives, announced that it closed $43 million in Series B funding, bringing its total funding to $81 million as the company delivers on its mission to help anyone tell a compelling story.
The round was led by Lightspeed Venture Partners, with participation from existing investors Coatue, Greylock Partners, Audacious Ventures, and Wing Venture Capital also participated in the round, and new investor 8VC.
Angel investors including former Google CEO, Eric Schmidt, Stability AI CEO, Emad Mostaque, Adept AI Labs CEO David Luan, and Rubrik CEO Bipul Sinha also participated in the round.
The company will use the new funding to build more value for its rapidly growing community of storytellers, with a plan to hire additional top machine learning, engineering, design, and product talent.
The funding will help fuel a cutting-edge, multi-year roadmap that equips creators with collaborative AI through every phase of creation, augmented through intelligent integrations with workplace tools.
“Too often, our tools get in the way of sharing a great idea, and our team, audience — or even society — misses out as a result,” said Keith Peiris, co-founder, and CEO of Tome. “This is why we built Tome to help anyone tell a compelling story. Now, unlocking your best work is as simple as typing a prompt and hitting enter, or collaborating with Tome’s AI to nail your point. Gone are the days of struggling with a presentation for hours, and the response has been incredible. With this funding, we’re thrilled to invest more in product development to serve our rapidly growing creator base and welcome our newest board member, Lightspeed partner Michael Mignano.”
Tome has extensive integrations with apps like Figma, Looker, Framer, Giphy, YouTube, and others, as well as a modern tech stack that is ideal for leveraging large AI models, or building its own.
Lightspeed partner Michael Mignano, the co-founder of podcasting platform Anchor, and former head of Spotify's talk audio business will join Tome’s board of directors.
Company: Magical Tome, Inc.
Round: Series B
Funding Month: February 2023
Lead Investors: Lightspeed Venture Partners
Additional Investors: Coatue, Greylock Partners, Audacious Ventures, Wing Venture Capital, 8VC, Eric Schmidt, Emad Mostaque, David Luan, and Bipul Sinha
Company Website: https://beta.tome.app/
Software Category: Productivity Software
About the Company: Tome is an AI-powered storytelling format for work and important ideas. Tome combines intuitive design with live content and powerful functionality to create an experience that feels like magic. It fuses collaborative AI with a mobile-native canvas, drag-and-drop creation, responsive design, and live, interactive content to enable every type of storyteller to nail their point. The company’s generative storytelling features enable creators to generate full visual narratives with intelligent layouts, copy, and images from a single prompt.