Backflip Raises $30 Million in Funding
Backflip, a San Francisco, CA-based 3D generative AI company, has raised $30 million in funding.
The round was co-led by NEA and Andreessen Horowitz (a16z), with participation from angel investors including Microsoft CTO and LinkedIn co-founder Kevin Scott, Android founder and AI futurist Rich Miner, and Ashish Vaswani, co-author of the groundbreaking Attention Is All You Need research paper.
New Enterprise Associates (NEA) is a global venture capital firm founded in 1977, managing over $25 billion in assets. NEA invests in technology and healthcare companies at all stages, from seed to IPO, and has backed over 270 IPOs and more than 450 mergers and acquisitions.
Andreessen Horowitz (a16z) is a venture capital firm that backs bold entrepreneurs shaping the future through technology. The firm invests in companies at various stages, from seed to growth, across sectors including AI, biotech, healthcare, consumer, crypto, enterprise, fintech, gaming, infrastructure, and American dynamism. a16z manages $43 billion in assets across multiple funds.
Founded by Greg Mark and David Benhaim, Backflip has developed an AI-powered design platform that allows users to generate high-resolution, 3D-printable models from simple text descriptions or photos. Its AI-powered 3D design software is built for creative problem-solvers across diverse industries, including mission-critical sectors like aerospace, defense, and transportation.
Funding Details
Company: Backflip
Raised: $30.0M
Round: Unknown
Funding Month: December 2024
Lead Investors: NEA, Andreessen Horowitz
Additional Investors: Kevin Scott, Rich Miner, Ashish Vaswani
Company Website: https://www.backflip.ai/
Software Category: AI 3D Design