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Ideogram (generative AI site)

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Ideogram
Founded2022
Country of originCanada
Founder(s)Mohammad Norouzi
William Chan
Chitwan Saharia
Jonathan Ho
CEOMohammad Norouzi
URLideogram.ai
LaunchedAugust 22, 2023

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. On the free plan, users can generate up to 25 prompts daily. On the subscription plan, users can generate limitless images.

History[edit]

Ideogram was founded in 2022 by Canadians Mohammad Norouzi, William Chan, Chitwan Saharia, and Jonathan Ho.[1][2] It was first released with its 0.1 model on August 22, 2023,[3] after gaining $16.5 million in seed funding,[4] 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.[5]

Earnings[edit]

Ideogram raised $80 million[when?] after its 1.0 model release in 2024.[6]

References[edit]

  1. ^ https://pitchbook.com/profiles/company/534515-68#team
  2. ^ "Ideogram.ai". 3 September 2023.
  3. ^ https://ideogram.ai/launch
  4. ^ Franzen, Carl (2023-08-24). "Watch out, Midjourney! Ideogram launches AI image generator with impressive typography". VentureBeat. Retrieved 2024-03-28.
  5. ^ "The AI revenue wave". www.continual.ai. Retrieved 2024-03-28.
  6. ^ "Midjourney competitor Ideogram closes $80-million Series A as it launches latest text-to-image model | BetaKit". 2024-02-28. Retrieved 2024-03-28.