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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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Fabric, a leader in care delivery and consumer experience, has announced the acquisition of UCM Digital Health (UCM), a leading digital health and telehealth provider. The acquisition expands Fabric's services to about 400 new employer and payer customers, adding one million covered lives. Fabric now serves over 75 health systems, 30,000 employers, and over 100 million lives across all 50 states. This marks Fabric’s fifth acquisition in less than three years, underscoring its strategic build-and-buy approach to unify the fragmented digital health landscape. By expanding its footprint in the payer and employer markets, Fabric is extending its comprehensive care access and experience platform paired with its nationwide provider network to streamline virtual-first care, expand access, improve efficiency and outcomes, and reduce both medical and overhead costs.

In a statement Aniq Rahman, CEO and Founder of Fabric said, "For Fabric, it’s about making healthcare more accessible.” “We’ve already made meaningful progress in the payer and employer markets, and this acquisition allows us to deepen that impact. By bringing more payers and employers onto our platform, we’re creating a connected experience that streamlines workflows, reduces friction and costs, and ultimately drives better outcomes for members and our partners." Moving forward, the 400 payers and employers served by UCM will transition to Fabric’s expanded technology and clinical network, gaining access to enhanced omnichannel patient experiences that improve efficiency before, during, and after virtual care. Through Fabric’s nationwide provider network, patients can receive a treatment plan for most common medical conditions in just five minutes or connect with a behavioral health provider within three days.

Fabric is a health tech company on a mission to solve healthcare’s access problem. Fabric’s integrated care platform offers personalized guidance, streamlines workflows, and unifies experiences across virtual and in-person care. Its solutions support care delivery from a patient’s first search to post-treatment follow-up using its proprietary Hybrid AI that combines conversational AI and physician-built clinical logic. Together with a nationwide network of medical and behavioral health providers, Fabric is realizing its vision of providing care for everyone, everywhere. The company advances connected delivery that improves access, outcomes, and equity across every stage of the patient journey. Today, Fabric serves 30,000 employers, payers, and enterprise organizations, including OSF HealthCare, MUSC Health, Highmark, and Intermountain Health. Fabric is backed by General Catalyst, Thrive Capital, GV (Google Ventures), Salesforce Ventures, Vast Ventures, BoxGroup, and Atento Capital.
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Flex has closed a $60 million Series B equity round led by Portage, bringing total equity raised to $105 million. In the last year, the company has quadrupled revenue and tripled its payments volume to $3 billion as it scales its all-in-one business and personal finance platform for high-net-worth middle-market business owners. Running a profitable middle-market business has become one of the most complex financial jobs in America, with owners often juggling more than ten disconnected systems to manage their money. Flex was created to give these high net worth owners a single place to run both their business and personal finances. This latest $60 Million equity round, followed by its $200 Million debt and $25 Million equity raise announced earlier this year, builds on a period of rapid hypergrowth. In just 12 months, Flex has grown revenue fourfold and increased annualized total payments volume from $1 billion to $3 billion across a suite of products, positioning Flex as one of the fastest-growing fintech companies at scale with best-in-class capital efficiency.

Flex is building the category-defining company solving this gap for high net worth business owners with a five-pillar strategy built around private credit, a business finance stack, a personal finance stack, payment solutions, and an ERP built for middle market businesses. These customers now use an average of four or more Flex products. Flex’s Business Credit Card, which provides 60-day float on every transaction, has been a major driver of adoption, acting as the wedge into deeper financial operations. Once owners experience the benefits of the Flex Credit Card, they often go on to adopt Flex’s banking, payments, working capital, and expense management tools to replace fragmented legacy systems. This integrated model has allowed Flex to scale with high efficiency and has created a strong foundation for its expansion into personal finance.

Launched in 2023, Flex a Flexbase Technologies brand is the AI Native “Private Bank” for high net worth business owners in the middle market. Flex is building the category-defining company solving this gap for high net worth business owners with a five-pillar strategy built around private credit, a business finance stack, a personal finance stack, payment solutions, and an ERP built for middle market businesses. Flex is the first platform that supports every step of their financial lives, from the moment they earn revenue to the moment they spend it personally.
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Across the United States, a new industrial age is taking shape. Trillions of dollars in infrastructure, from energy projects and advanced manufacturing to data centers and critical mineral facilities, must be built in the next decade. But large construction projects are slower and more expensive today than they were half a century ago. Unlimited Industries, a California-based company using AI to rethink how infrastructure gets built, has raised $12 million in seed funding to change that. The round was co-led by Andreessen Horowitz and CIV, with participation from leading industry investors. The capital will accelerate Unlimited’s expansion and further develop its proprietary AI platform – one designed to make large-scale engineering and construction faster, cheaper, and more ambitious.

Unlike traditional construction firms or standard software companies, Unlimited is an AI-native construction company that both designs and builds. Its proprietary platform can generate and evaluate hundreds of thousands of design configurations in parallel, automatically identifying optimal layouts for cost, safety, and performance before construction begins. By integrating AI-driven design with its own vertically integrated engineering and construction teams, Unlimited eliminates the costly handoffs and misaligned incentives that have defined the industry for decades.

In a statement Alex Modon, Co-Founder and CEO of Unlimited Industries said, “Advances in AI mean we can finally build the physical world the way we build software.” “The traditional construction model is slow, brittle, and fundamentally misaligned. Our approach replaces static design choices with a dynamic, data-driven process that learns from every project. The result is faster, cheaper, and more successful projects.”

Unlimited is an AI-native construction company headquartered in San Francisco. Today, the company designs and builds across energy infrastructure, data centers, critical minerals, and advanced manufacturing, helping developers build with greater speed, ambition, and efficiency. Their mission is to build a future of radical physical abundance by automating construction end-to-end. The company was founded in 2025 by serial founders Alex Modon, Jordan Stern, and Tara Viswanathan.
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