Published on December 6, 2023, 9:20 am
Sydney-based startup Leonardo.Ai has secured $31 million in funding for its generative AI art production platform. The funding round included investors such as Blackbird, Side Stage Ventures, Smash Capital, TIRTA Ventures, Gaorong Capital, and Samsung Next.
Leonardo.Ai was founded last year and has already gained traction with over seven million users generating more than 700 million images. The platform recently introduced an enterprise version that offers collaboration tools and private cloud hosting. Enterprise users also have access to APIs, allowing them to build their own tech infrastructure on top of Leonardo.Ai’s platform.
Designed for creative industries including gaming, advertising, fashion, and architecture, Leonardo.Ai enables users to save, edit, and create multiple assets in the same style for reuse. Users can also train their own models for image generation. The platform caters to a range of use cases such as storyboards for video production or mockups of gaming characters.
CEO and co-founder J.J. Fiasson’s interest in generative AI began with Google Deep Dream and further developed during his time at Raini Studios. Speaking about the company’s inception, Fiasson said: “We started to think about the potential application of generative AI within the framework of content creation…and met a couple of passionate AI researchers who are now the co-founders of the company.”
Originally focused on game asset content creation, Leonardo.Ai expanded its platform to cater to various vertical use cases. The ability for users to have control sets Leonardo.Ai apart from other generative AI art platforms like Adobe Firefly, BlueWillow, and Midjourney. Their Live Canvas feature allows users to input a text prompt and create a quick sketch that the AI will transform into a photorealistic image in real-time.
With the new funding secured, Leonardo.Ai plans to grow its sales and marketing team as it continues scaling its enterprise product. Additionally, the company aims to expand its engineering team to further enhance its platform.
Leonardo.Ai’s success reflects the growing interest and investment in generative AI, with businesses recognizing its potential to revolutionize content creation across various industries.