About Prodia
Prodia is a company based in Atlanta (United States) founded in 2022 by Mikhail Avady and Monty Anderson. It operates as a API-as-a-Product. Prodia has raised $15 million across 1 funding round from investors including OKX, DRAGONFLY and HashKey Capital. Prodia offers products and services including Image Generation API and Flux Schnell Model. Prodia operates in a competitive market with competitors including AKQA, Unicorn, Hancom, AlmavivA and Hedgehog lab, among others.
- Headquarter Atlanta, United States
- Founders Mikhail Avady, Monty Anderson
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$15 M (USD)
in 1 rounds
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Latest Funding Round
$15 M (USD), Seed
Jul 02, 2024
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Investors
OKX
& 21 more
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Employee Count
Employee Count
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Products & Services of Prodia
Prodia offers a comprehensive portfolio of products and services, including Image Generation API and Flux Schnell Model. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
API for generating high-quality images with low latency.
Fastest image generation model with 190ms output time.
Funding Insights of Prodia
Prodia has successfully raised a total of $15M through 1 strategic funding round. The most recent funding activity was a Seed round of $15 million completed in July 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $15.0M
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First Round
First Round
(02 Jul 2024)
- Investors Count 22
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Seed - Prodia | Valuation | DRAGONFLY |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Prodia
Prodia has secured backing from 22 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include OKX, DRAGONFLY and HashKey Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital and equity principal services are provided by Dragonfly.
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Founded Year | Domain | Location | |
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Digital asset investments are managed by HashKey Capital globally.
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Founded Year | Domain | Location | |
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Venture capital investments in technology startups and entrepreneurs.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Prodia
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Prodia
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Prodia Comparisons
Competitors of Prodia
Prodia operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as AKQA, Unicorn, Hancom, AlmavivA and Hedgehog lab, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Integrated digital marketing campaigns are developed and executed across channels.
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Software development services are provided by Unicorn in Prague.
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| domain | founded_year | HQ Location |
Technology conglomerate spanning AI, blockchain, IoT, and mobility solutions.
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| domain | founded_year | HQ Location |
IT services suite solutions are provided globally by AlmavivA.
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| domain | founded_year | HQ Location |
Mobile application development and UX design services are provided.
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| domain | founded_year | HQ Location |
Platform offering digital textbooks for students
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Prodia
Frequently Asked Questions about Prodia
When was Prodia founded?
Prodia was founded in 2022 and raised its 1st funding round 2 years after it was founded.
Where is Prodia located?
Prodia is headquartered in Atlanta, United States. It is registered at Atlanta, Georgia, United States.
Who is the current CEO of Prodia?
Mikhail Avady is the current CEO of Prodia. They have also founded this company.
Is Prodia a funded company?
Prodia is a funded company, having raised a total of $15M across 1 funding round to date. The company's 1st funding round was a Seed of $15M, raised on Jul 02, 2024.
What does Prodia do?
Prodia is engaged in delivering APIs and tools for generative AI, specializing in fast, scalable, and developer-friendly solutions. The company operates in the technology sector, focusing on artificial intelligence for media generation, including image creation and editing workflows. Its offerings are designed to integrate seamlessly into production environments, supporting creative applications with low-latency outputs and cost efficiency.
Who are the top competitors of Prodia?
Prodia's top competitors include RedShelf, Unicorn and Hedgehog lab.
What products or services does Prodia offer?
Prodia offers Image Generation API and Flux Schnell Model.
Who are Prodia's investors?
Prodia has 22 investors. Key investors include OKX, DRAGONFLY, HashKey Capital, Web3.com Ventures, and Index Ventures.