Startup Ideogram Raises $80 Million for AI Image Generation

Ideogram, a company developing artificial intelligence image generation technology, is raising $80 million from investors — a large round for a startup that’s less than two years old.

The Toronto-based startup is set to announce its Series A funding round on Wednesday, Ideogram Chief Executive Officer and co-founder Mohammad Norouzi told Bloomberg. Andreessen Horowitz is leading the round, with participation from Index Ventures, Redpoint Ventures, Pear VC and SV Angel. The startup declined to give its valuation.

Ideogram launched in August 2023, led by several former Google employees who helped create the first version of the tech giant’s Imagen image-generation software. The startup’s initial aim was, in part, to ...