The investment round was led by Andreessen Horowitz and New Enterprise Associates, with Microsoft CTO Kevin Scott and Android founder Rich Miner.
Backflip AI, which focuses on AI-powered 3D visual production, has received $30 million in investment. Andreessen Horowitz and New Enterprise Associates led the investment round. Among the angel investors participating in the investment round were Microsoft CTO Kevin Scott, Android founder Rich Miner and Ashish Vaswani, one of the names that started the LLM revolution.
Backflip plans to launch its app thanks to this investment. The initiative aims to democratize the design process for everyone, from manufacturers to ordinary people.
The startup’s area of activity
Founded in 2022 by Greg Mark, CEO of the startup, and David Benhaim, CTO, Backflip aims to complete the 3D design of physical objects in minutes, which takes days with its new basic models. Backflip’s founders stand out with their experience in 3D printing. The duo founded 3D printing company Markforged in 2013.
According to the information shared by the startup, Backflip’s models were trained on a large dataset of about 10 million 3D parts. It took two years to create this dataset, which was partly created thanks to artificial intelligence. Backflip’s artificial intelligence is not limited to text. Users can also create designs based on sketches or photographs.
