Rasberry AI Raises $24 Million Series A

The world of fashion is moving at a faster pace each year. Most retailers introduce new styles each season, and fast-fashion companies like Shein, H&M, and Zara update their collections continuously. To keep pace with the rapid demand for new styles, brands and manufacturers have been turning to tech to accelerate their design process. Raspberry AI, a startup founded two years ago, is one of the technological solutions that helps expedite product development by allowing designers to visualize and iterate their ideas nearly instantly with its text-to-image platform. Rasberry’s founder Cheryl Liu, who was a private equity analyst at KKR focused on retail before working for Amazon and DoorDash, spotted an opportunity to apply generative AI to fashion design right after image models like Open AI’s DALL-E and Stability AI‘s stable diffusion became available in late 2022. Raspberry has now raised a $24 million Series A led by Andreessen Horowitz, with the participation of existing investors Greycroft, Correlation Ventures, and MVP Ventures. The funding comes about 10 months after the startup’s $4.5 million seed round.