Collov, an AIGC automation design service provider headquartered in Silicon Valley, US, has recently completed nearly USD 10 million in Series A funding.
Collov is a design automation Cloud Computing Platform with interior design as an entry point. It is committed to making design automation an industrial-grade solution driven by large models and generative AI.
At present, Collov has completed nearly 100,000 design solutions, and there are more than 1,000 interior designers and more than 300 companies on the application list. At the same time, Collov is collaborating with university laboratories such as Stanford, Yale, and Peking University to develop controllable large models of MultiModal Machine Learning.
According to the data, the global interior design market sales reached USD 180.70 billion in 2022, while global furniture sales reached USD 1.11 trillion. This means that, in addition to the generation tools of modularization and higher design communication efficiency, a solution that can connect solutions and furniture products, and connect design and sales will have a broader market space.
Collov has now partnered with more than 300 brands around the world, accumulated millions of furniture SKUs, provided furniture sales guide services for endpoint customers, and achieved USD 5 million in sales in 2022.
AIGC automation design has attracted a lot of companies to enter the market. China's representative brands include ERNIE Bot (文心一言), Wonder (文心一格), and DGene (叠境数字); Internationally, ChatGPT, Midjourney and Runway in the US, Stable Diffusion in Germany, Deepdub in Israel, MARZ in France are quite powerful.
This round of funding is led by Detao Capital (德韬资本) with the old shareowner Ameba Capital (阿米巴资本), Jiangmen Capital (将门创投), and Taihill Venture. Xinghan Capital (星涵资本) is the exclusive financial advisor. The funding amount will be mainly used for technology research and development and market expansion.