Tech Company Financing Transactions
Rephrase.ai Funding Round
Rephrase.ai, operating out of Bengaluru Karnataka, secured $1.5 million from AV8 Ventures, Lightspeed Venture Partners and private investors.
Transaction Overview
Company Name
Announced On
9/25/2020
Transaction Type
Venture Equity
Amount
$1,500,000
Round
Seed
Investors
AV8 Ventures (Lead Investor)
Lightspeed Venture Partners (Lead Investor) (Hemant Mohapatra)
Proceeds Purpose
Rephrase.ai intends to use the capital to scale its AI-powered video personalization platform, strengthen its commercial presence in North America and expand its engineering and research teams.
Company Information
Company Status
Private & Independent
Industry
Digital Media & VR & AR
Mailing Address
Number 59 6th Cross Rd Agara Village 1st Block Koramangala H
Bengaluru Karnataka, 560102
India
Bengaluru Karnataka, 560102
India
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
At Rephrase, we build generative AI tools to ease video creation. We are building a tool which can take any piece of text and create a video of any person speaking that text. This can be used by HR to create training videos, personalising videos for sales, making characters speak in AR/ VR, giving a face to digital assistants, A/B testing digital ads to increase marketing ROI amongst other applications.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Ashray Malhotra
Co-Founder
Shivam Mangla
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