Seed funding led by Lightspeed Ventures and AV8 Ventures helps Rephrase.ai bag $1.5 million

CIOReviewIndia Team | Friday, 25 September 2020, 13:21 IST

Seed funding led by Lightspeed Ventures and AV8 Ventures helps Rephrase.ai bag $1.5 million

Seed Funding led by Lightspeed Ventures and AV8 Ventures enables Synthetic media production platform - Rephrase.ai - to raise about $1.5 million.This company creates videos from easy textual content utilizing synthetic intelligence.

 

They have been aiding organisations to save prices of video manufacturing, for functions akin to creating coaching or gross sales and advertising movies.

Rephrase mentioned that it was witnessing demand for its platform from digital advertising companies and software program as a service enterprises for creating gross sales and advertising movies. For creating gross sales and advertising movies, the corporation makes use of AI to do facial-reenactment that predicts lip actions, facial expressions, and head actions. 

“Now, enterprises can create high-quality video content material for focused gross sales and advertising initiatives whereas saving money and time. This know-how will change the way in which we take into consideration video manufacturing, each for enterprise communication at the moment and filmmaking sooner or later,” mentioned Ashray Malhotra, CEO of Rephrase.ai. 

“The Rephrase.ai workforce is likely one of the most technically and creatively savvy groups on the market with prior experiences at Google, Fb, Samsung and MIT media labs and we’re very excited to go on this bold journey with them,” mentioned Mohapatra added. The Rephrase.ai workforce is likely one of the most technically and creatively savvy groups on the market with prior experiences at Google, Fb, Samsung and MIT media labs and we’re very excited to go on this bold journey with them,” mentioned Mohapatra added.

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