SAN FRANCISCO, 29th June 2023 To spur ongoing development and innovation, Typeface, a generative AI platform for creating enterprise content, announced the closing of its Series B round with a USD 100M fresh investment. With participation from Lightspeed Venture Partners, Madrona, GV (Google Ventures), Menlo Ventures, and M12 (Microsoft’s Venture Fund), Salesforce Ventures led the oversubscribed round. With a USD 1 billion valuation and a total capital raised of USD 165 million, Typeface is in an excellent position to develop its personalised, on-brand generative AI platform quickly to fulfil the high demand from businesses worldwide.
“The transformative potential of AI in content creation is undeniable, but businesses face unique challenges that require enterprise-ready solutions,” stated Abhay Parasnis, founder and CEO of Typeface. “We have removed the obstacles that prevented businesses from utilising generative AI by fusing the benefits of productive AI platforms with our brand-specialized knowledge. Thanks to typeface, every company can produce personalised, high-quality content that fits with its distinct voice.
“To make generative AI truly effective in an enterprise environment, it is essential to have a robust solution and a highly experienced team that understands the specific challenges faced by businesses. Typeface represents best-in-class enterprise generative AI with its unique focus on brand personalization, IP ownership, and seamless integration into existing workflows. We are thrilled to invest in Typeface’s talented team and their exceptional vision,” said John Somorjai, Chief Corporate Development and Investment Officer at Salesforce.
Since its general release in February 2023, Typeface has attracted significant customer interest from Fortune 500 corporations to digital-native brands in various market sectors. A variety of workflows across departments, including marketing, sales, product, and HR, are offered by typeface. This confidence in Typeface shows how quickly and at scale it can personalise content while upholding brand integrity. A sophisticated Image Studio for high-resolution product photography, video-to-text conversion, and selective image manipulation and regeneration are just a few of the new capabilities that Typeface just introduced to promote creativity.
The enterprise-grade generative AI platform Typeface accelerates the production of personalised content. Any business can produce excellent, on-brand content faster and more efficiently than ever by combining content velocity with brand personalisation and management. We offer the first self-serve solutions in the market for creating content across its entire lifecycle, enabling every employee to do it quickly, efficiently, and with a consistent brand image.
We try our best to fact-check and bring the best, well-researched, and non-plagiarized content to you. Please let us know
-if there are any discrepancies in any of our published stories,
-how we can improve,
-what stories you would like us to cover and what information you are looking for, in the comments section below or through our contact form! We look forward to your feedback, and thank you for stopping by!
Next Article
, Menlo Ventures, and M12 (Microsoft's Venture Fund), Salesforce Ventures led the oversubscribed round. With a USD 1 billion valuation and a total capital raised of USD 165 million, Typeface is in an excellent position to develop its personalised, on-brand generative AI platform quickly to fulfil the high demand from businesses worldwide.){kind=link}