Melbourne-based startup Cuttable has raised an additional $4.5 million in seed funding, increasing its total to $10 million, to enhance its AI advertising platform in Australia and the US. The company, founded by Sam Kroonenburg, Jack White, and Ed Ring, aims to revolutionize online advertising by automating the creation of performance-driven ads for platforms like Facebook and Instagram. The recent funding round, led by Square Peg with contributions from Rampersand and Brand Fund, comes shortly after Cuttable’s official launch. The platform, developed over 12 months and tested with major enterprises and emerging e-commerce brands, promises to streamline ad creation without human input. The new funds will support global expansion and further AI development. Early adopters have already embraced the platform, and investors express strong confidence in Cuttable’s potential to transform the advertising landscape.
How did Cuttable secure $4.5 million for its AI ad platform?
