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Gen AI Platform for Fashion Creatives Raspberry AI Secures $24 Million in Series A Funding Round Led by Andreessen Horowitz (a16z)

Gen AI Platform for Fashion Creatives Raspberry AI Secures $24 Million in Series A Funding Round Led by Andreessen Horowitz (a16z)

January 14, 2025 Craig Etkin

Company Will Use New Funding to Accelerate Product Development and Add Top Engineering, Sales and Marketing Talent

January 13, 2025 12:31 PM Eastern Standard Time

NEW YORK–(BUSINESS WIRE)–Raspberry AI, a leading generative AI platform for fashion creatives, today announced it has secured $24 million in Series A funding led by Andreessen Horowitz (a16z). Existing investors Greycroft, Correlation Ventures and MVP Ventures also participated in the round, along with notable angel investors including Gokul Rajaram and Ken Pilot. Raspberry AI will use the new funding to accelerate its product development and add top engineering, sales and marketing talent to its team. Under Armour, MCM Worldwide, Gruppo Teddy and Li & Fung are among the global fashion leaders using Raspberry AI to rapidly create and iterate apparel, footwear and accessories styles.

“Over the past five years, the combination of fleeting social media trend cycles, the on-demand economy, consumers’ insatiable appetite for newness and the rise of fast fashion has fundamentally changed the way consumers shop”Post this

“Over the past five years, the combination of fleeting social media trend cycles, the on-demand economy, consumers’ insatiable appetite for newness and the rise of fast fashion has fundamentally changed the way consumers shop,” said Cheryl Liu, CEO and founder of Raspberry AI. “As a result, brands and manufacturers are being challenged to change the way they design and develop products. We’re excited to partner with these visionary investors to empower fashion creatives ranging from designers to product developers to marketers with next-generation tools that allow them to create and market best-selling products more quickly, efficiently and sustainably.”

Brands’ and manufacturers’ creative teams are seeking technology solutions that help them accelerate each stage of the fashion product development cycle to increase speed to market and profitability while reducing costs. Raspberry AI’s end-to-end digital visualization platform frees brands across tiers from luxury to mass market from having to wait three weeks or more for physical samples and reduces rote design tasks from hours to seconds, so they can focus on creating and iterating products their customers will love.

“Raspberry AI supercharges creative teams by leveraging AI at every stage of the design workflow,” said Bryan Kim, Partner, Andreessen Horowitz. “The comprehensiveness and technical depth of the platform have led to strong customer love and some of the strongest engagement metrics we’ve seen for AI tools. We believe that Raspberry AI will rapidly scale and transform the way creative teams design and develop retail products.”

The Raspberry AI platform instantly turns designers’ sketches into photorealistic renderings that show in minute detail how products will look, fit and drape in real life. Common design tasks such as visualizing how a previous best-seller would look in new fabrics traditionally required weeks of waiting for a physical sample to arrive from overseas or numerous hours making changes using traditional photo-editing software. With Raspberry AI, designers can now instantly generate a final rendering of any new fabrication in 10 seconds and then seamlessly generate the assets and technical drawings needed for manufacturing—saving time and cost and enabling limitless design iterations.

Raspberry AI’s algorithms are trained to understand the nuances of fashion, apparel, footwear and accessories and recognize industry-specific design and manufacturing terms, making it easy for designers to turn text prompts into lifelike images and for marketing teams to generate visual content for any channel without having to invest in destination photoshoots.

“Raspberry AI provides powerful tools that fit our unique fashion design needs,” said Mattia Giorgi, Head of AI and Innovation, Gruppo Teddy. “The solution gives our team the freedom to quickly create, iterate and bring their visions to life through highly realistic renderings that capture even the most subtle design details, helping us translate market insights into designs that excite our customers.” 

Raspberry AI’s machine learning team also works with enterprises to custom train AI models to learn their brands’ unique DNA, aesthetic and fabric libraries. The company plans to expand its gen AI capabilities beyond fashion into home, furniture and other retail categories in the coming year.

About Raspberry AI

Raspberry AI provides an AI image-generation platform that helps retail brands increase revenue and speed to market by understanding consumer demand and creating highly sought-after designs and marketing assets in minutes. The platform enables brands to create full mood boards, lifestyle photography, product photography and technical drawings through text prompts. Boston Proper, Gruppo Teddy, Li & Fung, MCM Worldwide and Under Armour are among the leading fashion companies using Raspberry AI to streamline workflows and accelerate product development.

To learn more, visit Raspberry AI.

Contacts

MEDIA
Michael McMullan
Berns Communications Group
mmcmullan@bcg-pr.com

(c)2024 Business Wire, Inc., All rights reserved.


Venture Capital
Business Wire, New York, Raspberry AI, Venture Capital

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Kimberly-Clark Corporation, one of the world's leading manufacturers of personal care and hygiene products, will establish an $800 million advanced manufacturing facility in Trumbull County, bringing an anticipated 491 new high-quality jobs. For Kimberly-Clark, this new facility would be its first in Ohio and represents not just a strategic expansion, but a decisive step in doubling down on growth in the American market. Spread across more than one million square feet, the Warren facility will provide the manufacturing capacity needed to unleash future growth for Kimberly-Clark’s fastest-growing personal care categories that include Baby & Child Care and Adult & Feminine Care. Warren is in geographic proximity to roughly 117 million consumers and will serve as a strategic hub for the Northeast and Midwest regions. Construction is expected to begin this month and will take up to two years.

In a statement Tamera Fenske, chief supply chain officer at Kimberly-Clark said, “Our investment in Warren is a pivotal step forward in our North America business and strategy.” “By establishing a new, state-of-the-art manufacturing facility in Ohio, we’re enhancing our ability to serve millions of consumers across the Midwest and Northeast with greater speed, agility, and resilience. It’s a once-in-a-career opportunity to build a facility from the ground up that reflects the future of manufacturing, and with the support of local partners like JobsOhio, the Department of Development, Lake to River, Western Reserve Port Authority, and local governments, we have the unique opportunity to create high-quality jobs and long-term economic impact in the region.”

Based in Dallas and employing 46,000 people in 34 countries, the company’s portfolio of brands also includes Huggies, Kleenex, Scott, Kotex, Cottonelle, Poise, Depend, Andrex, Pull-Ups, GoodNites, Intimus, Plenitud, Sweety, Softex, Viva and WypAll. Its products are sold in more than 175 countries and territories.
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Snorkel AI announced general availability of two new product offerings on the Snorkel AI Data Development Platform: Snorkel Evaluate and Snorkel Expert Data-as-a-Service. These launches advance its mission to turn knowledge into specialized AI—helping teams move from prototype to production at scale by leveraging Snorkel AI’s programmatic data development technology. In addition, Snorkel AI announced it has raised $100 million in Series D funding at a $1.3 billion valuation, led by Addition. This new funding will fuel continued research and innovation in evaluating and tuning specialized AI systems with expert data.


In a statement Alex Ratner, Co-founder and CEO of Snorkel AI said, “We are seeing a surge of momentum around agentic AI, but specialized enterprise agents aren’t ready for production in most settings.” “Enterprises need domain-specific data and expertise to make this a reality. We’re excited to deliver on this need and help AI innovators develop expert data to bring their LLM and agentic systems into production with our new offerings, which round out Snorkel’s unified AI data development stack.”

Snorkel AI is building the Snorkel AI Data Development Platform for evaluating and tuning specialized AI at scale. Snorkel AI’s offerings, including Snorkel Evaluate and Snorkel Expert Data-as-a-Service, accelerate evaluation and tuning of specialized AI systems with expert data—helping teams move from prototype to production at scale by leveraging Snorkel AI’s programmatic data development technology. Launched out of the Stanford AI Lab, Snorkel AI’s platform is used in production by Fortune 500 companies, including BNY, Wayfair, and Chubb, as well as across the U.S. federal government, including the U.S. Air Force.
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TicketManager, a global leader in event ticket and guest management solutions for the corporate enterprise, today announced Valeas Capital Partners, a growth-oriented private-equity firm, has acquired a majority stake in the company. Under the terms of the agreement, Valeas is committing $110 million to support TicketManager’s strategic growth plans. TicketManager Co-Founder and CEO Tony Knopp and COO Ken Hanscom will retain a minority interest in the Company. Founded in 2007, TicketManager is the category leader in providing software and services to manage end-to-end event ticket workflow and guest experiences. Serving as the central hub and system of record for data-driven organizations, the platform streamlines every step of the ticket management process. Every year, companies spend more than $600 billion on customer entertainment, yet 43% of corporate tickets are never used and fewer than 20% of organizations leverage modern software to optimize those investments and mitigate compliance risk.

In a statement Tony Knopp, CEO and Co-Founder of TicketManager said, “Live events are an important investment for businesses of all sizes. Whether major global sponsorships, naming rights for stadiums, luxury suites or even a few season tickets for the local team, companies use them to attract and keep customers while building their brands. But in today’s market, many companies struggle with growing pressure to show the value of their ticket spending.” “We knew there was a better way, and that’s why we created TicketManager – to make company tickets easy and prove the return on investment with cutting edge technology and services.”

TicketManager is a leading event- and guest-management platform that empowers companies to make client entertainment easy and drive greater return on investment. It offers convenient and simple technology to manage corporate sports and entertainment tickets, create exceptional guest life-cycle experiences, and measure effectiveness. TicketManager is trusted by more than 500 global brands including Verizon, FedEx, Adidas, Anheuser-Busch, and Mastercard.
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