Modyfi, a Los Angeles, CA-based AI-native design platform and image editor, has announced the full public beta launch of its platform and secured $7 million in seed funding.
The round was led by New Enterprise Associates, Inc. (NEA), with participation from existing investors, including General Catalyst, which also participated in this funding round, underscoring the strong support for Modyfi's innovative approach to
The capital raised will be allocated to drive early user adoption and further development of the platform.
Modyfi leverages advanced AI technology to enhance the design process, offering a web-based, high-performance application that promotes creativity, collaboration, and teamwork.
"At Modyfi, we inspire today and tomorrow's creatives by simplifying the design process, removing mundane tasks, making teamwork easier, and making image creation faster than ever. We want creators to be creative 100% of the time, not just 40% of the time," said Joe Burfitt, Founder and CEO, of Modyfi. "Modyfi is making design fun again. We are excited to get Modyfi into the hands of the creative community, combining the conventional tools designers expect with generative AI technology and bringing it directly to designers and their teams to allow for quick exploration and iteration of creative concepts."
Modyfi has already been utilized by thousands of designers from various companies, including Nvidia, Stripe, Calm, Red Antler, Route, and Spotify.
Company: Modyfi, Inc.
Raised: $7.0M
Round: Seed Round
Funding Month: August 2023
Lead Investors: New Enterprise Associates, Inc.
Additional Investors: General Catalyst
Company Website: https://www.modyfi.com/
Software Category: AI-driven Design Solutions
About the Company: Founded in 2022, Modyfi is a collaborative, AI-native, web-based design and image creation platform. Modyfi combines the essential tools of design and image-making with next-generation AI-powered creative technology, affording professional graphic designers incredible control while allowing room for playful exploration. Modyfi removes mundane and cumbersome steps from designers' workflows and enables creative teams to work together, provide feedback, and iterate on design in real time.
Source: https://www.prnewswire.com/news-releases/modyfi-launches-full-public-beta-for-ai-design-platform-announces-7m-in-seed-funding-led-by-nea-301907141.html