SUMMARY
Kalaido.ai is first text-to-image creation model capable of generating high quality images from text prompts in English and 17 Indian languages, including Hindi, Sanskrit and Tamil among others
Kalaido has also claimed to have significantly reduced the cost of creating images for a global soup brand by 79%
The company added that it can also be employed for various other purposes such as food photography, campaign images, banners, product one-pagers, and game development
New York-based SaaS unicorn Fractal has rolled out an artificial intelligence-powered model in India that can generate images from languages.
The startup claims that Kalaido.ai is first text-to-image creation model capable of generating high quality images from text prompts in English and 17 Indian languages, including Hindi, Sanskrit and Tamil among others. It is trained on a public dataset of 70 Mn images.
Founded in 2000 by Srikanth Velamakanni and Pranay Agrawal, along with core team members – Nirmal Palaparthi, Pradeep Suryanarayan, and Ramakrishna Reddy, Fractal offers artificial intelligence and advanced analytics solutions to Fortune 500 companies.
The company claimed that in internal trials Kalaido.ai has shown 40% higher efficiency in producing images compared to other existing solutions.
The company said in a statement the tool combines “training free” techniques with minimal training to achieve better image quality, realism, and detail. This approach results in faster image generation, saving time, reducing GPU costs and reducing carbon footprint.
Kalaido has also claimed to have significantly reduced the cost of creating images for a global soup brand by 79%, saving around Euro 5000 per image.
The company added that it can also be employed for various other purposes such as food photography, campaign images, banners, product one-pagers, and game development.
It is vital to note that Fractal turned profitable in the financial year ended March 31, 2023. The TPG-backed SaaS company reported a profit of INR 194.4 Cr in FY23 as against a loss of INR 148.4 Cr in the previous fiscal year.
TPG-backed Fractal turned profitable in the financial year ended March 31, 2023. The company reported a profit of INR 194.4 Cr in FY23 as against a loss of INR 148.4 Cr in the previous fiscal year.
Fractal took 21 years to enter the coveted unicorn club when private equity firm TPG pumped in $360 Mn at a valuation of over $2 Bn.
The company counts TPG Capital, Apax Partners and Khazanah Nasional as among its marquee investors.
It competes against the likes of Unsupervised, Prevedere and Wave Computing.
As per an Inc42 report 2023, the generative AI market in India is poised to see a substantial increase from $1.1 Bn in 2023 to over $17 Bn by 2030, growing at a CAGR of 48%. India currently boasts over 70 generative AI startups.
