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Singapore-based content material know-how startup 1Bstories raised $5.5 million in a spherical led by Northstar Group. 47 Enterprise Funds and angel buyers, together with Tom Blomfield of Monzo, Ceasar Sengupta of Arta Finance, Ian Doody of Powerhouse Capital, Quentin Reyes of Alpha Praetorian Capital, and Tim Dattels of TPG Asia and Goldman Sachs, participated within the spherical.
1Bstories was based by Ravi Hamsa, Anuvrat Rao, and Stacie Chan. Ravi Hamsa has beforehand labored for famous tech corporations Yahoo, LinkedIn, Uber, and InMobi, whereas Anuvrat Rao beforehand labored at Google and centered on the On-line Video house. Chan is an ex-Googler, award-winning journalist, and Emmy-nominated actress. Collectively, the three co-founders have over 23 years of expertise.
Usually talking, the corporate goals to make use of its revolutionary AI-powered applied sciences to inform a billion tales. With the assistance of generative synthetic intelligence, Vidiofy allows companies to effortlessly develop partaking movies. The platform has a user-friendly interface that streamlines the method of video manufacturing. Customers can generate a library of video content material from zero or use current net pages. As an illustration, manufacturers can use the platform to create customized advertising messages or social media clips.
1Bstories will use the funds to broaden the workforce, speed up product improvement, and drive widespread adoption of Vidiofy.
“Our mission is to empower publishers and types to seamlessly create charming movies at scale, leveraging generative AI know-how. Vidiofy is about to disrupt the trade by revolutionizing video creation, permitting companies to create content material like by no means earlier than,”
mentioned the CEO and Founding father of 1Bstories, Anuvrat Rao.
In the mean time, the startup already works with varied prospects, together with Australian digital publications, Singapore-based actual property builders, and Indonesian telecommunications corporations.
“The revolutionary AI-powered video software is destined to redefine the digital publishing panorama by enabling corporations to churn out compelling, high-quality movies with unprecedented ease and effectivity. We foresee Vidiofy turning into the gold commonplace in AI video manufacturing, effortlessly bridging the hole between ambition and execution whereas creating new horizons of engagement and monetization,” mentioned the Managing Director of Alpha Praetorian Capital, Quentin Reyes.
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