Archive — US — techcrunch
A stealth AI model beat DALL-E and Midjourney on a popular benchmark. Itscreator just landed $30M.
Recraft, a startup with a groundbreaking AI image model 'red_panda', has raised $30 million in a Series B funding round. The model surpassed industry giants DALL-E and Midjourney in benchmarks and is tailored for branding applications. Led by female founder Anna Veronika Dorogush, Recraft now has over 4 million users and recently reported more than $5 million in annual recurring revenue.
Key points
- Recraft developed an AI model named 'red_panda', which outperformed DALL-E and Midjourney on the Artificial Analysis benchmark.
- The startup raised $30 million in Series B funding led by Accel, with investors including Khosla Ventures and Madrona.
- Recraft's focus on branding applications allows brands to seamlessly integrate logos and create marketing materials efficiently.
- The company was founded by Anna Veronika Dorogush, a unique female entrepreneur with a background in machine learning and a history in modeling.
- Recraft has surpassed 4 million users and reached $5 million in annual recurring revenue, showcasing its rapid growth.
Why it matters
- The rise of AI-generated content has been a significant trend in 2025, particularly in design and marketing.
- Recraft’s development is part of a broader movement towards personalized and efficient branding solutions within AI technology.
- The startup exemplifies the increasing representation of women in tech leadership, paralleling the trend of diversity in the technology sector.
Recraft's success highlights the innovative potential of AI in branding and design, marking a significant achievement for female leadership in technology.