Napkin, a Los Altos, CA-based startup specializing in visual AI, has raised $10 million in a seed funding round.
Investors
The round was led by Accel and CRV.
Accel is a global venture capital firm that partners with exceptional teams from inception through all phases of private company growth. Over the past 40+ years, Accel has helped ambitious entrepreneurs build iconic global businesses.
CRV is a venture capital firm that invests in early-stage tech startups. Since 1970, the firm has invested in more than 600 startups. The firm prefers to invest in the life science, consumer products and services, and enterprise sectors.
About Napkin
Founded by Jerome Scholler and Pramod Sharma, Napkin is designed for millions of professionals, writers, educators, and content creators to present their ideas by unlocking the visual potential in their text content. They leverage visual AI to enhance business storytelling by transforming text content into impactful visuals. Napkin’s design catalog includes 30+ visual design categories such as mind maps, flow charts, Venn diagrams, and bar charts. Currently in beta, Napkin works with your current workflow in Google Docs, Slides, Canva, Slack, Word, PowerPoint, Email, Text, and more.
Funding Details
Company: Napkin.ai Inc.
Raised: $10.0M
Round: Seed Round
Funding Month: August 2024
Lead Investors: Accel, CRV
Additional investors:
Company Website: https://www.napkin.ai/
Software Category: AI Document Editor
Source: https://www.webwire.com/ViewPressRel.asp?aId=325289