LONDON — Dessn, a startup specializing in artificial intelligence product design, secured $6 million in new funding on Tuesday. The company confirmed the total includes both Seed and previously unannounced pre-Seed capital rounds. This investment aims to bolster the firm's current development efforts and expand its reach within the broader technology sector.
Connect Ventures led the investment round for the London-based company. The venture capital firm provided the capital to support the startup as it scales its existing product design tools. The filing did not disclose the specific equity stake held by Connect Ventures following the close of this $6 million transaction.
Founders Nim Cheema and Gabriella Hachem established the company to focus on artificial intelligence applications. The two entrepreneurs previously collaborated at 2 other startup ventures before launching this current business. During those 2 prior roles, the founders focused on product development and technical innovation, according to a company statement.
The company plans to use the $6 million to enhance its current software offerings for product designers. These tools aim to change how industrial goods are conceived across various sectors. The firm did not provide a specific timeline for the release of these updated features or a breakdown of the $6 million budget allocation.
Dessn remains focused on its next phase of growth following the completion of this funding round. The company has not announced any additional fundraising plans for the remainder of 2024. Management confirmed they will continue to operate from their London headquarters while they work to expand their client base to more than 2 industries.
