Recraft

Founded in 2022, Recraft is a London-based startup that aims to vastly improve the quality of AI-generated images. The company aims to achieve this by building its own Foundation Model a pre-trained, deep-learning algorithm to generate consistent design elements. The business is focused on professional use cases, allowing companies to design and iterate their creations with their specific brand colors and logos. Without any marketing budget and relying on word-of-mouth referrals, Recraft has accrued more than 350,000 users. The company has announced 11 million in Series A funding in a round led by Khosla Ventures and former GitHub CEO, Nat Friedman, with participation from RTP Global, Abstract VC, Basis Set Ventures, Elad Gil and other angel investors.