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A stealth AI model beat DALL-E and Midjourney on a popular benchmark. Its creator just landed $30M. | TechCrunch

Image Credits:Refract 2:12 PM PDT · May 5, 2025 Recraft, the startup behind a mysterious image model that beat OpenAI’s DALL-E and Midjourney on a respected industry benchmark last year, has raised a $30 million Series B round led by Accel, it exclusively told TechCrunch. Other investors in the round include Khosla Ventures and Madrona. Based in San Francisco, Recraft previously raised a $12 million Series A led by Khosla in 2024. The San Francisco-based startup says it recently passed $5 millio...

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