In 2022, Abhay Parasnis, the former CTO of Adobe, founded Typeface, a generative AI startup focused on enterprise use cases. With it, he hoped to leverage generative AI — which at the time was just beginning to come into vogue — to deliver personalized content for brands at scale.
Typeface, thanks in part to the hype around generative AI, caught on quickly, attracting Fortune 500 customers within its first year as well as partnerships with Salesforce and Google Cloud. And — perhaps more importantly — it won over investors, who this week injected hundreds of millions of dollars into the startup.
Today, Typeface closed a $100 million Series B round led by Salesforce Ventures with participation from Lightspeed Venture Partners, Madrona, GV (Google Ventures), Menlo Ventures, and M12 (Microsoft’s Venture Fund). Valuing the startup at $1 billion, the tranche brings Typeface’s total raised to $165 million.
Parasnis says that th...
