Alum’s AI startup secures $80M investment
Toronto-based artificial intelligence (AI) startup Ideogram has raised $80 million in Series A funding to accelerate the company’s growth in generative AI.
Waterloo Engineering alum William Chan (BASc ’11, computer engineering) co-founded Ideogram in 2022 “to help people become more creative”. The company officially launched just six months ago with $22.3 million in seed funding.