LegalVision confirms role in US$23.5m Series A capital raise for Sydney AI startup

High-profile investors like Samsung were involved in the raise

LegalVision confirms role in US$23.5m Series A capital raise for Sydney AI startup

LegalVision has confirmed its role in guiding the US$23.5m Series A capital raise for Sydney AI content production startup Leonardo.ai.

Blackbird Ventures headed up the funding round. A number of high-profile US investors lent support, including Smash Capital, Samsung, Side Stage Ventures, and Tirta Ventures, LegalVision said.

Leonardo.ai’s generative AI art platform currently has seven million users, and the startup plans to utilise the capital raised to fuel growth. In particular, Leonardo.ai will concentrate on developing more tools for enterprise products and enhancing its ability to tackle video and 3D imagery.

“These funds are critical to our ability to scale up our product and build out our team, including engineering, sales, and marketing,” said J.J. Fiasson, co-founder and chief executive of Leonardo.ai.

As a result of this Series A round, the amount of capital raised by Leonardo.ai's in 2023 totalled US$31m. A US$7m seed round was conducted early last year.

The LegalVision team was headed by corporate senior lawyer Angelo Mazzone.

 

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