Kaedim has successfully raised funds over three rounds, with the latest being a Series A in March 2024. The company leverages AI and an in-house art team to deliver production-ready 3D models at a significantly faster rate.
Keep reading to explore the intricacies of Kaedim's fundraising journey and the investors backing this innovative platform.
What Is Kaedim?
Kaedim, founded by Konstantina Psoma, is an AI-driven startup specializing in converting 2D images into digital 3D models. The company, established in 2020, operates from offices in San Francisco, London, and Singapore.
With a team of 11-50 employees, Kaedim supports over 200 game studios by delivering production-ready 3D models 10 times faster than traditional methods. Their innovative approach combines AI technology with an in-house art team.
For more information about Kaedim, visit their official website or explore career opportunities on their Wellfound page.
How Much Funding Has Kaedim Raised?
- Pre-Seed
- Amount Raised: $500,000
- Date: October 2021
- Lead Investors: Not specified
- Motivation Behind the Round: To validate the business idea, build a prototype, and conduct early market testing.
- Seed
- Amount Raised: $2 million
- Date: October 2022
- Lead Investors: Not specified
- Motivation Behind the Round: For product development, market research, and initial scaling efforts.
- Series A
- Amount Raised: $10 million
- Date: March 2024
- Lead Investors: Andreessen Horowitz (a16z)
- Valuation at Round: $50 million (~estimated)
- Motivation Behind the Round: To scale the business, expand the team, and further develop the product.
Kaedim has raised a total of $12.5 million with a current valuation of $50 million (~estimated).
Key Investors
- Andreessen Horowitz (a16z)
- Details: Andreessen Horowitz is a venture capital firm based in Silicon Valley, known for its investments in technology companies. Founded in 2009, it has become one of the most influential firms in the tech industry.
- Investment Focus Areas: Games, consumer, social, web3, infrastructure, fintech, AI, AR/VR
- Notable Investments: Facebook, Airbnb, Coinbase
- Sequoia Capital
- Details: Sequoia Capital is a venture capital firm that has been investing in early-stage companies since 1972. The firm has a strong track record of backing successful startups.
- Investment Focus Areas: Technology, healthcare, consumer, financial services
- Notable Investments: Apple, Google, WhatsApp
- Accel
- Details: Accel is a global venture capital firm that partners with exceptional founders to build world-class businesses. Established in 1983, it has a presence in the US, Europe, and India.
- Investment Focus Areas: Software, internet, consumer, fintech, healthcare
- Notable Investments: Facebook, Slack, Dropbox
- Index Ventures
- Details: Index Ventures is an international venture capital firm that invests in technology-enabled companies. Founded in 1996, it has offices in London, San Francisco, and Geneva.
- Investment Focus Areas: Technology, life sciences, consumer, enterprise software
- Notable Investments: Dropbox, Etsy, Skype
- Lightspeed Venture Partners
- Details: Lightspeed Venture Partners is a multi-stage venture capital firm focused on accelerating disruptive innovations. Since its inception in 2000, it has invested in hundreds of companies.
- Investment Focus Areas: Enterprise, consumer, health, fintech, cleantech
- Notable Investments: Snapchat, Nest, GrubHub
What's Next for Kaedim?
Kaedim stands at the cusp of a significant opportunity, driven by the rising costs in game development and the increasing reliance on outsourcing. With a 3D asset marketplace already boasting over 10,000 assets and serving 20,000 new creators each month, the potential for growth is immense. The company plans to expand its offerings by making artist tools and workflows available directly to customers, positioning itself as a key player in the industry.
Future fundraising rounds seem likely as Kaedim scales its operations to meet growing demand. The company may attract further investments to enhance its AI capabilities and broaden its market reach. However, challenges such as maintaining the quality of AI-generated assets and competing with other platforms will require strategic focus. Ensuring the efficiency of their human-in-the-loop approach will be crucial for sustained success.
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