Australian startup Leonardo.Ai has raised AU$47 million from investors to accelerate creativity with its generative AI content production platform.
Investors included Blackbird, Side Stage Ventures, Smash Capital, TIRTA Ventures, Gaorong Capital and Samsung Next.
Leonardo.Ai launched late last year providing creators with a new way to ideate, conceptualise and create anything from gaming characters to entire gaming worlds, advertising media, fashion lines, architectural designs and beyond.
JJ Fiasson, CEO and co-founder of Leonardo.Ai, said the company's mission is to empower creativity.
"We’re helping democratise creativity by lowering the barrier to entry, and we’re also accelerating creative productivity for professionals,” he said.
”For creators in video production for example, Leonardo.Ai can help storyboard a scene or an entire short film; if you’re a game designer, you can mock up gaming characters in seconds; brands use it to brief ad agencies.
“From our initial uptake, it’s clear that creators see the power of our platform to support the creative process. This new funding round will help us continue to build out our tech and team to empower creativity for millions around the world."
Leonardo.Ai has also welcomed two new senior hires with Donna Thomas (ex. AWS, Antler), as chief of staff and Ellie Miller (ex.Depop, Oodle) as chief people officer. Both have extensive backgrounds working in high-growth startups in Australia and abroad.
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