Tailor Brands, a startup that automates parts of the branding and marketing process for small businesses, announced this morning that it has raised $15.5 million in Series B funding.
CEO Yali Saar has said the company sits at the intersection of design and machine learning. The idea is to create technology that understands the best practices of logo design, copywriting and social media strategy.
It’s he automated design that’s most immediately eye-catching, and that’s the big feature highlighted on the Tailor Brands website. You’ll need to pay to get access to high quality image files, but before that, you can actually try creating a logo for free, just by entering some basic information about your company and identifying the designs you prefer.
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Tailor Brands, which launched at TechCrunch’s Startup Battlefield in 2014, said the technology has already been used to create 45 million logos. The company says it had 3.86 million customers last year, and is adding half a million new businesses to the platform each month.
The new funding was led by Pitango Venture Capital Growth Fund and British Armat Group, with participation from Disruptive Technologies and Mangrove Capital Partners. The company has now raised a total of $20.6 million and says it will use the money to expand globally, add more languages and introduce more tools to its full branding suite.