AI startup Rephrase.ai raised $10.6 million in Series A led by Red Ventures where Silver Lake, 8VC and other investors also have participated.
Re.ai is a deeptech startup that creates videos using artificial intelligence. It essentially creates a digital clone of a human being to be used in videos later on. The new capital will be used to improve capabilities by combining product experiences and hiring across verticals such as engineering, AI, product, sales, and marketing. The funds will also be used to expand the startup’s presence in North America. According to a report, the global AI industry is expected to reach $1,811.8 billion by 2030, growing at a CAGR of 38.1%.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
AI startup Rephrase.ai raised $10.6 million in Series A led by Red Ventures where Silver Lake, 8VC and other investors also have participated.
Re.ai is a deeptech startup that creates videos using artificial intelligence. It essentially creates a digital clone of a human being to be used in videos later on. The new capital will be used to improve capabilities by combining product experiences and hiring across verticals such as engineering, AI, product, sales, and marketing. The funds will also be used to expand the startup’s presence in North America. According to a report, the global AI industry is expected to reach $1,811.8 billion by 2030, growing at a CAGR of 38.1%.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
