Myth AI Secures $1.3 Million in Seed Funding for AI-Powered Design Tool. 💰
Myth AI, a groundbreaking AI design tool, recently secured $1.3 million in seed funding from angel investors Birkan Kül, Emre Kozlu, and Faik Ulutas. Founded in November 2020 with Tübitak 1512 support by Özgecan Üstgül, Myth AI had previously received a $2.5 million valuation from Keiretsu Forum Turkey angel investors in December 2022. This funding marks a significant milestone for the company's growth.
Myth AI's Cutting-Edge Offerings
At the core of Myth AI's success lies its AI-powered design tool, revolutionizing pattern creation through visual or written commands. The tool not only sparks creativity but also digitizes the production process, leading to substantial reductions in water, time, energy, raw material, and chemical usage for companies embracing this innovative technology.
Impressive Clientele and Market Expansion
Myth AI has been making waves, serving a distinguished clientele in Turkey and Europe, including renowned brands like Ratti, Telater, Sun Textile, and more. The company's strategic move into the UK market in early 2023 was fueled by a vision for global expansion.
The recent $1.3 million funding injection is earmarked for solidifying operations in the UK, exploring new markets, and setting the stage for Myth AI's entry into Asia and the US in 2024.
Sustainability at the Core
Myth AI, with its advanced technology, minimizes resource consumption, transforming design processes and promoting eco-friendly practices for a greener future. With successful seed funding, the company aims for significant growth, targeting Asian and American markets in the coming year.
