Exactly.ai funding news – London-based Exactly.ai Raises €4 Million in Seed Funding
May 30, 2024 | By Team SR
Exactly.ai has raised €4 million in seed funding. It is a generative AI platform that assists artists in commercialising their work by quickly and large-scale recreating designs while maintaining legal ownership over their creations.
SUMMARY
- Exactly.ai has raised €4 million in seed funding.
- Exactly.ai was founded in 2022 by Tonia Samsonova, a former journalist who became a prosperous businesswoman after selling her Q&A platform, The Question, for eight figures to Yandex, one of Google's main rivals worldwide.
In addition to other foreign angel investors and funds, the investment round was led by Speedinvest and backed by InReach Ventures, Cornerstone VC, and GuruDev Capital. With this funding, exactly.ai will be able to grow its workforce, advance the development of its innovative technology, and reach a wider global audience of creative professionals and artists.
Demonstrating, precisely, how AI may support the growth of the creative arts sector.Because of artificial intelligence's cutting-edge technology, artists may now create and hone their own generative AI models based on their own creative processes and original concepts.
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This allows them to quickly and efficiently produce excellent work that accurately captures their own aesthetic vision and specific approaches. Artists are therefore able to profit from their creativity at a much faster and more scalable pace by selling or licencing their designs to a wide range of businesses, from media outlets to advertising agencies.
Tonia Samsonova, founder and CEO of exactly.ai, said: “AI’s role in the creative industries has been hotly debated for a long time now, and understandably, many professional artists have concerns over how its growing influence will impact their creativity and their livelihoods. But we are firm believers that there is a world in which the two not only exist, but work together to produce outstanding results.”
Samsonova said, “Our mission is not just to integrate AI into the artistic process, but to redefine the very essence of creation itself. This funding marks a pivotal moment for us – a chance to push the boundaries even further, ensuring that artists everywhere can harness the power of AI to bring their visions to life,”.
With the exact valuation of the worldwide generative AI market predicted to be $668 billion by 2030.In order to show that a new kind of cooperation between the tech and creative industries is feasible and can benefit all parties, artificial intelligence (AI) is trying to be at the forefront of its widespread acceptance within creative communities.
With 30,000 registered users from all over the world already, its creative methodology is poised to completely transform how established and up-and-coming commercial artists produce, market, and make money from their creations.
Julian Blessin, Partner at Speedinvest, commented: “Exactly.ai represents a groundbreaking step forward for the creative arts sector. At Speedinvest, we’re always on the lookout for innovators who not only harness the power of technology but do so in a way that democratises and enriches our cultural landscape. Tonia and her team have developed a platform that does precisely that – enabling artists to embrace generative AI as a partner in their creative process. This investment is a testament to our belief in exactly.ai’s potential to redefine artistic creation and monetisation, ensuring that artists can thrive in the digital era.”
Amanda Jones Floyd, General Partner at InReach Ventures, added: “At InReach Ventures we have always been interested in the intersection of creativity and computing and what the future holds for human creativity. Exactly.ai provides us with an exciting glimpse of this future but with practical, immediate applications that can be used by creatives from across the globe to increase their productivity and income whilst retaining the rights to their work. We couldn’t be more excited to back Tonia and her team and look forward to seeing how the platform evolves.”
About Exactly.ai
Exactly.ai was founded in 2022 by Tonia Samsonova, a former journalist who became a prosperous businesswoman after selling her Q&A platform, The Question, for eight figures to Yandex, one of Google's main rivals worldwide.
Inspired by her enduring love of art, Samsonova set out to create a platform that would both reflect and uphold the vast array of artistic styles and aesthetics. Rather than being constrained by the small number and narrow range of models that are currently on the market, she wanted to give every artist the tools they need to create their own unique version of artificial intelligence.