- Exactly.ai secures $4M in seed funding led by Speedinvest.
- Utilizes generative AI to assist artists in retaining legal ownership of artwork.
- Platform enables faster reproduction and scalability of designs.
- Founded in 2022 by Tonia Samsonova, former journalist.
- Offers subscription-based model for commercial artists to quadruple income.
- Integrates foundational models from Picsart and proprietary algorithms.
- Boasts 40,000 registered users and diverse community of contributing artists.
- Positioned within the burgeoning $668 billion generative AI market by 2030.
- Julian Blessin, partner at Speedinvest, praises Exactly.ai’s transformative impact on creative arts sector.
Main AI News:
In the midst of AI controversies plaguing visual artists, navigating through these tumultuous times is becoming increasingly challenging. However, a London-based startup aims to alleviate these concerns by leveraging AI to empower artists and reclaim control over their creations.
Exactly.ai harnesses the power of generative AI to assist artists in retaining legal ownership of their artwork while enabling them to accelerate the reproduction process at scale. Recently, the startup successfully secured $4.3 million in seed funding, led by Speedinvest. Other notable participants include InReach Ventures, Cornerstone VC, GuruDev Capital, and a select group of angel investors. Currently boasting 40,000 registered users, Exactly.ai is poised for significant growth and impact within the creative community.
Founded in 2022 by Tonia Samsonova, a former journalist with prior experience in launching The Question, a Q&A platform acquired by the Russian search engine Yandex, Exactly.ai offers a novel approach to artistic empowerment. Samsonova elaborated on the platform’s functionality, stating, “We empower artists, illustrators, and individuals with drawing skills to train their own AI based on their artwork. This proprietary algorithm enables them to generate images in their unique style, thereby retaining full ownership and control over the creative process.”
The core concept revolves around enabling artists to leverage Exactly.ai to scale their artwork and cater to various clientele, including media outlets and advertising agencies. Positioned within the burgeoning generative AI market, projected to reach $668 billion by 2030 according to Fortune Business Insights, Exactly.ai is poised to capture a significant share of this lucrative landscape.
Samsonova highlighted the genesis of the idea, driven by her own personal experiences and professional aspirations. “As a former client in need of high-quality images, I recognized the challenge of accessing top-tier creators due to their busy schedules. Exactly.ai bridges this gap by facilitating collaboration between artists and clients, ensuring the delivery of premium-quality visuals for brands worldwide,” she remarked.
Identifying key competitors such as Upwork and Fiverr, Samsonova emphasized Exactly.ai’s unique value proposition, asserting, “Our subscription-based model enables commercial artists to meet growing demand while substantially increasing their income. By leveraging our platform, artists can quadruple their earnings, establishing a sustainable and lucrative creative practice.”
Central to Exactly.ai’s success is its innovative blend of foundational models from Picsart and proprietary algorithms tailored to understand and replicate artists’ distinctive styles. Samsonova underscored the invaluable contribution of the platform’s diverse community of artists, which enriches the training data and enhances the quality across various styles and genres. Moreover, Exactly.ai integrates over a million open art pieces from museums, all CC0 licensed, further augmenting its robust database and fostering a collaborative ecosystem for artistic innovation.
Julian Blessin, a partner at Speedinvest, lauded Exactly.ai as a pioneering force within the creative arts sector, heralding its transformative impact on artists’ creative processes. “Tonia and her team have developed a platform that empowers artists to embrace generative AI as a collaborative partner, revolutionizing the way art is conceptualized and produced,” he remarked.
Conclusion:
Exactly.ai emerges as a trailblazer in the intersection of art and technology, offering a transformative platform for artists to unleash their creative potential and thrive in an increasingly digitized world. With its innovative approach and steadfast commitment to empowering artists, Exactly.ai is poised to redefine the landscape of artistic expression in the years to come.
