Backed by a16z and NEA, Backflip raises $30M Series A to turn text into AI-generated designs

Quick Summary:

This large Series A is part of a broader trend of VC enthusiasm for improving (or even replacing) highly labor-intensive processes with AI, everywhere from coding to law. VCs are in a bidding war over Anysphere thanks to its AI-powered code editor, Cursor, TechCrunch reported.

That’s the mission of Backflip, a startup founded by 3D printing veterans that’s just scored $30 million from Andreessen Horowitz, New Enterprise Associates, and a host of other big names in tech.

For NEA partner Lila Tretikov, Backflip is also part of a thesis around funding startups focused on building and generating 3D worlds and products, another trend examined by TechCrunch.

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Article Details

Author / Journalist: Charles Rollet

Category: Technology

Markets: United StatesChina

Topics: AI Startups Exclusive Markforged A16z 3d printing

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-19 @ 19:06:55 (1 days ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 690 words

Reading Time: 4 minutes read

Sentences: 29 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 24556320

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