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Startup Ideogram Raises $80 Million for AI Image Generation

(Bloomberg) Ideogram, a company developing artificial intelligence image generation technology, is raising $80 million from investors — a large round for a startup that’s less than two years old. Most Read from BloombergApple to Wind Down Electric Car Effort After Decadelong OdysseyHow Much Wealth You Need to Join the Richest 1% Around the WorldThis Is Where New Migrants Are Going When They Reach the USFlawed Valuations Threaten $1.7 Trillion Private Credit BoomSupreme Court Immunity Case Jeo

Startup Ideogram Raises $80 Million for AI Image Generation

Midjourney competitor Ideogram closes $80-million Series A round as it launches latest text-to-image model

The fundraise comes just six months after its $22.3-million seed round.

AI image startup Ideogram gets $80M in Series A led by a16z

In addition, Martin Casado, General Partner at a16z, is joining Ideogram's board, and the company today announced Ideogram 1.0.

SecurityPal Funds Primary School in Rural Nepal in Partnership with Team Daya