Artificial intelligence platforms like ChatGPT and DALL-E have been among the most popular since the recent AI boom. These platforms, among others, are now considered essential tools for many companies to generate code or copy or to automate certain workflows. Another platform may become a mainstay in the AI ecosystem after it secured new funding this week.
On Wednesday, San Francisco-based Tome gained $43 million in a Series B round led by Lightspeed Venture Partners. Coatue and Greylock Partners also participate in the round. With the latest capital, Tome has now raised $81 million in funding.
“Too often, our tools get in the way of sharing a great idea, and our team, audience — or even society — misses out as a result,” Keith Peiris, co-founder and CEO of Tome, said in a statement. “Gone are the days of struggling with a presentation for hours, and the response has been incredible.”
Tome is an AI-powered storytelling platform that turns ideas into visually compelling narratives. The company’s generative AI features allow users to generate images, copy, outlines and entire narratives from a single user prompt. The platform is used by a wide range of users, from students to company executives, and can help create content, brand visions, product launch plans, lesson plans and much more. Tome also has integrations with Figma, YouTube and Giphy.
With the fresh funding, Tome will continue to develop its AI tools and help users create content to tell compelling narratives.
“As the cloud gave rise to SaaS and the smartphone to apps, AI is starting to transform knowledge work, which will spark the next wave of generational companies worth hundreds of billions of dollars,” Reid Hoffman, a partner at Greylock and Tome board member, said in a statement. “Those that succeed will find natural ways to weave AI into the way people share ideas and work together. Tome’s innovation and rapid progress make it poised to redefine the productivity suite.”
