Tuesday, 6 May, 2025

Recraft's 'Red_Panda' AI Surpasses DALL-E and Midjourney, Secures $30M Series B Funding

San Francisco-based startup Recraft has emerged from stealth mode after its AI image generator, codenamed "red_panda," outperformed OpenAI's DALL-E and Midjourney on the Artificial Analysis benchmark. The company recently raised a $30 million Series B round led by Accel, with participation from Khosla Ventures and Madrona. Recraft specializes in brand-focused image generation, enabling precise logo placement and marketing material creation.