Rephrase.ai secures $10.6 million in Series A funding led by Red Ventures

  • Silver Lake He also participated in the round in addition to 8VC and other investors
  • A new round of financing will strengthen paraphrase anyits capabilities by integrating enhanced product experiences, expanding recruitment across the company, and expanding its presence in North America

San FranciscoAnd the September 15, 2022 /PRNewswire/- paraphrase any (“The Company”), an artificial intelligence startup that aims to humanize communication through synthetic media. 10.6 million dollars in a Series A funding round. This new funding was led by Red Ventures, a global company with a diverse portfolio of brands and companies focused on delivering premium content and personalized digital experiences, including Lonely Planet, CNET, Healthline, Bankrate, The Points Guy, NextAdvisor, and more. Silver LakeAlso taking part in the round, the world’s leading technology investor and investor in Red Ventures, along with 8VC and other investors.

This investment will allow the company to enhance its capabilities by integrating product experiences; Expand hiring across businesses, including within engineering, artificial intelligence, product, sales and marketing teams; and expand its presence in North Amarica.

paraphrase any It aims to democratize video, bringing high-quality video creation capabilities to businesses of all sizes in all industries. With video becoming the new default mode of communication, synthetic video creation capabilities empower marketing, communications, and content teams to scale and humanize their efforts. paraphrase any It has worked with more than 50 global companies, including Castrol, Mondelez, and Xiaomi to name a few, to deliver high-quality video creation capabilities.

paraphrase any Deep learning is used to create digital avatars of real humans that can be used for synthetic video content with only the required text as input. In the past year, the company has developed several digital avatars for chief experience officers (CXOs), influencers, and celebrities that feature advanced face mapping, lip-sync, voice, and expression capabilities. Through its contributions to award-winning marketing campaigns and ground-breaking synthetic product launches, paraphrase any Helps businesses increase engagement and efficiencies around communications by increasing conversion, click-through rates (CTRs), consumption, and content adoption while reducing customer acquisition costs. As a leader in artificial intelligence technology for video generation, paraphrase any Ensures that technology is used safely and with consent. The ‘Sure of paraphrase any“The framework is now used as a benchmark in the industry.

“Given how people consume information today, scalable solutions to deliver personalized video are needed now more than ever,” he said. Carlos AngresanoPresident of Red Ventures. “With the current mass customization of video content, our big bet is to reinvent the video production process, and this, as a business process technology, has amazing potential. We were impressed paraphrase anyDriving seat and talent, which is a formidable competitive advantage in such an emerging field. “In the past year, the team at Rephrase AI has grown from 12 to 35 people and has built a best-in-class team of researchers with experience at leading technology companies including Google, Samsung, Facebook and Amazon.

“I think there is a great opportunity paraphrase anyThe ability to provide an easy-to-use API for anyone to create videos without high labor and time requirements” Venkatesh Sitram, a consultant at 8VC. “Seeing them can be an inflection point in the video creation process. paraphrase any It has the potential to become a de facto video generative AI platform and is well positioned to build an invaluable company with an API-like strategy. “

“We have started paraphrase any Ashray Malhotra, CEO and Co-Founder of paraphrase any. “In the past year, we have developed hundreds of human digital copies, and created millions of videos in the process. I am delighted to welcome Red Ventures, Silver Lake, and 8VC as partners on this journey to help accelerate the world’s adoption of AI videos. Given their operational and investment experience, we couldn’t have imagined a better group of people to help us bring this vision to life. The intent of humanizing communication is to provide the ability to connect with people, like people.”

About AI Rework

paraphrase any is a deep learning company that uses Artificial Intelligence (AI) to create synthetic video content. With the help of its own artificial intelligence technology, paraphrase any Anyone can clone to create their own digital avatar. Using the recreated AI platform, paraphrase any It helps companies create synthetic videos of real people to communicate with their customers, employees and other stakeholders with only the required text as input. The The company was founded in 2019 by Ashray Malhotra, Nishith LahoutiAnd the Shivam Manglaan IIT and Forbes Asia graduate 30 under 30.

picture: https://mma.prnewswire.com/media/1900126/Rephrase_Founders.jpg

SOURCE Rephrase.ai

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