A STEALTH AI MODEL BEAT DALL-E AND MIDJOURNEY ON A POPULAR BENCHMARK — ITS CREATOR JUST LANDED $30M

Summary from the TLDR Design newsletter

Recraft, an AI image startup whose red_panda model outperformed DALL-E and Midjourney, has raised $30 million in Series B funding led by Accel. With 4 million users and $5 million in ARR, it specializes in brand-focused image generation with precise logo control. Based in San Francisco, it builds its own models and positions itself between Midjourney and Canva.