What does Recraft do?
Recraft is a London-based developer of an AI-powered design platform that generates brand-consistent visuals at scale using its proprietary Recraft V3 model. The platform is used by designers, marketers, and product teams at companies like Amazon, NVIDIA, Salesforce, and Uber.
How much did they raise?
The company raised $30M in Series B funding led by Accel, with participation from Madrona Ventures, Khosla Ventures, Nat Friedman, Elad Gil, and RTP Global.
What are their plans for the money?
Recraft plans to invest the funds in iterating on its AI model, expanding its go-to-market efforts, and launching new offerings to give brands more control over their visual identity, potentially enhancing digital creativity and efficiency.
What have they achieved so far?
Recraft has already demonstrated strong market traction with over 4 million users and adoption by major industry players, affirming the effectiveness of its AI-powered design solutions.
