Typeface, a generative AI company, has emerged from stealth mode with a $65m funding round. The funds will be used to bring AI to enterprises, enabling them to create custom AI models without needing extensive data science knowledge. The technology uses machine learning to understand a business’s specific needs and then generates an AI model to address those needs.
The company’s unique proposition is its ability to create AI models with a small amount of data, making it accessible for businesses that don’t have large datasets. The AI models generated by Typeface can be used for a variety of applications, including customer service, sales, and marketing.
The $65m funding round was led by Index Ventures, with participation from Firstminute Capital, LocalGlobe, and various angel investors. The funds will be used to expand the company’s team and accelerate product development. Typeface is already working with several large enterprises and plans to expand its customer base in the coming months.
Typeface’s mission is to democratise access to AI technology, making it available to businesses of all sizes. The company believes that AI has the potential to transform businesses and wants to make this technology accessible to all.
Go to source article: https://techcrunch.com/2023/02/28/typeface-emerges-from-stealth-with-65m-to-bring-generative-ai-to-the-enterprise/?tpcc=tcplustwitter