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AI video creation platform Hedra raised $10 million in seed funding, persevering with the demand for AI-focused investments and the curiosity in generative AI-powered creation merchandise.
Hedra, based by former Nvidia, Google, and Meta workers, has buyers together with Index Ventures, Summary and A16Z Speedrun.
As a part of its seed spherical, Hedra additionally launched its video-focused basis mannequin Character-1 out of stealth. The corporate stated Character-1, which it previewed to researchers in June, is “the quickest video basis mannequin in the marketplace.
“Till now, creators confronted tradeoffs for management and pace by way of generative video fashions,” the corporate stated. “[In June], Character-1, our analysis preview, confirmed that that is now not the case. The pace and ease of use are designed to turbocharge the effectivity of content material creators and entrepreneurs.”
Hedra stated greater than 350,000 customers have used the Character-1 platform and created over 1.6 million movies. The corporate stated most of the movies made with Character-1 have gone viral on Reddit and Instagram. Hedra emphasised that it permits customers to create AI popstars and AI-generated content material. It additionally desires to proceed enhancing its security and content material moderation options.
The corporate plans to concentrate on making its platform extra multimodal so it may “combine story, sound and video technology into one unified workflow.” Hedra hopes to streamline content material creation to permit for the customization of digital avatars and characters utilizing AI.
Hedra’s Character-1 is the most recent video technology mannequin to be launched to the general public in current months. Haiper 1.5, which got here out of stealth in March, stated it might problem OpenAI’s Sora. RunwayML, one of many pioneers of AI-generated movies, publicly launched its Gen-3 Alpha mannequin in July, whereas Luma AI introduced its reasonable video platform Dream Machine in June.
One other video platform, Captions, raised $60 million in Collection C funding in July.
Bigger corporations like OpenAI and Google are additionally within the combine relating to gen AI-powered video creation. OpenAI’s Sora has not but been launched to the general public, however the firm has labored with manufacturers and filmmakers to showcase the platform. Google introduced Veo in Could.
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