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Sydney-based generative AI art platform Leonardo.Ai raises $31M

Image Credits: Leonardo.Ai (opens in a new window)/
Image Credits: Leonardo.Ai (opens in a new window)/

Location in Sydney, Australia, One Leonardo.AI is one of the most recent startups in generative artificial intelligence to raise finance successfully. The artificial intelligence art creation platform that serves both business users and individual consumers disclosed today that Blackbird, Side Stage Ventures, Smash Capital, TIRTA Ventures, Gaorong Capital, and Samsung Next were among the investors that contributed to the USD 31 million round.

Leonardo.Ai was established the previous year, and its owners have reported that since December, the platform has reached seven million users, who have produced more than 700 million photographs together. The company recently released the corporate edition, which includes tools for collaboration and enables hosting on a private cloud. The application programming interfaces (APIs) that enterprise users can access allow them to construct their technological infrastructure on top of Leonard.Ai’s platform, beginning with the production API.

Leonardo was designed with those working in creative sectors such as gaming, advertising, fashion, and architecture as the target audience. Users can edit and construct numerous assets in the same style using AI, which allows them to be reused. In addition to this, they can construct and train their models for picture recognition.

A few examples of application cases are mockups of gaming characters and storyboards for those working in the video production industry. J.J. Fiasson, the CEO and co-founder of the company, first got interested in generative artificial intelligence (AI) with the debut of Google Deep Dream. He continued investigating generative AI at his most recent business, the game studio Raini Studios.

The content production framework was the first area in which we began considering the possibility of using generative artificial intelligence. It was still early in 2021. Still, we went down the rabbit hole, playing with a lot of the generative AI tools, the open-source ones that are out there, and I fell into that community and met a couple of passionate AI researchers who are now the co-founders of the company,” he tells TechCrunch.

One Leonardo.Ai initially intended to concentrate on the production of game asset material; however, its team ultimately chose to expand the platform to accommodate a greater variety of scenarios. According to Fiasson, “There are a lot of different vertical use cases of the platform, and we’ve built it in a way that supports multiple use cases, and we expect to continue building it in a way that supports multiple use cases.” Expanding our platform’s business-to-business (B2B) parts is a component of our plan for going forward into the future.

Open-source technologies were used to construct Leonardo. AI’s artificial intelligence was then trained with synthetic data and data obtained from Creative Commons. According to Fiasson, the level of control users have over their creations sets Leonardo.AI apart from other generative AI art platforms such as Adobe Firefly, BlueWillow, and Midjourney. The Live Canvas tool, for instance, allows users to enter a text prompt and then quickly draw out what they see the final product to look like. Throughout the user’s sketching, Leonardo.AI generates a photorealistic image in real-time, taking into account both the text and the sketch prompts.

“I believe that control is synonymous with utility,” adds Fiasson. When you don’t have as much control, all you’re doing is generating attractive photographs, and that’s why we find it so important.

One Leonardo. To build up its business solution, Ai will be able to recruit additional members of its sales and marketing team thanks to the extra money it has received. At the same time, it intends to construct its engineering staff.

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