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AI graphic design tool Recraft gets $12M to launch a foundation model


London-based Recraft, a startup offering brands an AI-powered graphic design generator, today announced it has raised $12 million in a series A round of funding.

The investment has been co-led by Khosla Ventures and former GitHub CEO Nat Friedman, with participation from RTP Global, Abstract VC, Basis Set Ventures, Elad Gil and other angels.

Founded by Anna Veronika Dorogush, who created CatBoost open-source gradient boosting library, the startup said it plans to use the capital to build…



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