Typeface, an enterprise-focused generative AI startup, has made two strategic acquisitions, Treat and Narrato, to enhance its multimodal capabilities and accelerate its content lifecycle transformation vision.
Treat, based in New York City, uses a company's customer data to generate product images that resonate with specific demographics. For example, Treat can create an ad featuring someone biting into fruit, if data indicates that younger men are more likely to engage with such visuals.
Narrato, an Australian venture, offers an "AI content assistant" that assists organizations in achieving their content creation and planning objectives. It provides templates for articles, video scripts, blogs, emails, social media content, and more.
Typeface distinguishes itself from other generative AI providers by prioritizing brand governance and privacy. It trains dedicated AI models for each customer, ensuring that their assets and activities remain confidential.
Treat and Narrato are the third and fourth acquisitions for Typeface, demonstrating its aggressive strategy to build a comprehensive enterprise AI platform. The startup previously acquired TensorTour, an AI photo and video editing suite, and Cypher, a chatbot app.
The acquisitions of Treat and Narrato are expected to significantly enhance Typeface's offerings and solidify its position as a leading enterprise AI platform. The company's $165 million war chest will likely fuel further growth and acquisitions.
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