Ideogram (text-to-image model)
| Founded | 2022 |
|---|---|
| Country of origin | Canada |
| Founder(s) | Mohammad Norouzi William Chan Chitwan Saharia Jonathan Ho |
| CEO | Mohammad Norouzi |
| URL | ideogram.ai |
| Launched | August 22, 2023 |
| Part of a series on |
| Artificial intelligence (AI) |
|---|
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Ideogram is a freemium generative artificial intelligence website founded in 2022. Ideogram uses as a text-to-image model based on the generated prompt given by the user. Ideogram is often considered a major competitor to Midjourney, a similar artificial intelligence tool.
History
Ideogram was founded in 2022 by Canadians Mohammad Norouzi, William Chan, Chitwan Saharia, and Jonathan Ho.[1][2] Their goal was to develop an AI image generator with better text rendering capabilities than models then on the market.[3]
It was first released with its 0.1 model on August 22, 2023,[4] after gaining $16.5 million in seed funding,[5] which itself was led by Andreessen Horowitz and Index Ventures. In the week following Ideogram's launch, at least 90,000 users were able to generate over 3 million images.[6] Reviewers noted that the model appeared more capable of producing legible text than prominent competitors, including Midjourney.[7]
Earnings
Ideogram raised $80 million[when?] after its 1.0 model release in 2024.[8]
References
- ^ "Ideogram Company Profile". PitchBook. Retrieved June 13, 2024.
- ^ "Ideogram.ai". September 3, 2023.
- ^ Castaldo, Joel (September 25, 2023). "Toronto startup Ideogram launches image generator as interest in AI tools shows signs of slowdown". The Globe and Mail. Retrieved June 13, 2024.
- ^ "Announcing Ideogram AI". Ideogram. Retrieved June 13, 2024.
- ^ Franzen, Carl (August 24, 2023). "Watch out, Midjourney! Ideogram launches AI image generator with impressive typography". VentureBeat. Retrieved March 28, 2024.
- ^ "The AI revenue wave". www.continual.ai. Retrieved March 28, 2024.
- ^ Metz, Rachel (October 4, 2023). "Ideogram Produces Text in AI Images That You Can Actually Read". Bloomberg News. Retrieved June 13, 2024.
- ^ "Midjourney competitor Ideogram closes $80-million Series A as it launches latest text-to-image model | BetaKit". February 28, 2024. Retrieved March 28, 2024.
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