Recraft, the startup behind a mysterious image model that beat OpenAI’s DALL-E and Midjourney on a respected industry benchmark last year, has raised a $30 million Series B round led by Accel, it exclusively told TechCrunch.
Other investors in the round include Khosla Ventures and Madrona. Based in San Francisco, Recraft previously raised a $12 million Series A led by Khosla in 2024. The San Francisco-based startup says it recently passed $5 million in ARR and 4 million users.
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https://techcrunch.com/2025/05/05/a-stealth-ai-model-beat-dall-e-and-midjourney-on-a-popular-benchmark-its-creator-just-landed-30m/
