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3D mood board and marketplace Mattoboard picks up $2M to launch AI visual search
Mattoboard has secured $2 million in seed funding to enhance its web-based design software with AI capabilities, specifically introducing an AI visual search tool named Design Stream. This innovation aims to streamline the creative process for interior designers and architects, reducing waste and speeding up material selection, while serving a growing $201 billion industry.
Key points
- Mattoboard raised $2 million in seed funding to launch AI tool Design Stream.
- Design Stream will allow natural language and visual inputs for product searches, enhancing efficiency.
- Mattoboard's platform consolidates multiple design tools into one, improving ease of use.
- The software employs 3D twins to simulate real-life material interactions, aiding in design aesthetics.
- Designers waste approximately 40% of their time searching for materials.
- The architecture and design industry is projected at $201.97 billion, highlighting significant market potential.
- Mattoboard supports sustainability by reducing physical sample requests, addressing textile waste that totals 92 million tons annually.
Why it matters
- The growing demand for digital transformation in the architecture and design sector aligns with trends in AI adoption and sustainability.
- Historically, design processes relied heavily on physical samples, which are now being replaced by digital solutions that promote efficiency.
- Mattoboard’s offerings reflect the increasing trend of integrating AI tools in creative industries to enhance productivity.
- The startup parallels advancements observed in design software, such as Canva and Photoshop, showcasing a trend towards all-in-one platforms.
In conclusion, Mattoboard's funding and upcoming AI features represent a significant evolution in the design industry, merging technology with sustainability objectives, and streamlining the creative workflow for designers worldwide.