D-ID, a Tel Aviv, Israel-based world leader in AI-driven creative media, announced a $25 million Series B funding.
The round was led by investment firm Macquarie Capital, with significant investments from Pitango, AXA Venture Partners, OurCrowd, OIF, Maverick, and Marubeni. This new infusion brings D-ID's total funding to $48 million.
The proceeds from this round, from investors across three continents, will allow D-ID to double the number of experts on its world-class deep-learning and computer vision teams, broadening the scope and reach of its pioneering technology as it continues to produce products that transform the digital-human interface.
The round will also enable D-ID to expand and support the company's sales and marketing teams in the United States, APAC, and EMEA.
Company: De-Identification Ltd.
Raised: $25.0M
Round: Series B
Funding Month: March 2022
Lead Investors: Macquarie Capital
Additional Investors: Pitango, AXA Venture Partners, OurCrowd, OIF, Maverick, and Marubeni
Company Website: https://www.d-id.com/
Software Category: AI-driven Creative Media
About the Company: D-ID is a Tel Aviv-based Creative Reality™ startup specializing in patented video reenactment technology using AI and deep learning. D-ID's products range from animating still photos to facilitating high-quality video productions and creating viral user experiences. With funding from tier 1 VCs, D-ID aims to radically disrupt the time, hassle, and costs involved in video production, allowing for the creation of highly personalized media using AI, specifically in e-learning, corporate training, marcomms, AI assistants, history, and the Metaverse. With international customers, D-ID's core competencies in the human face and deep learning enable its partners to create exciting and engaging content that was until now unimaginable. In early March, the company was named by Fast Company as one of the Most Innovative Companies of 2022 in EMEA. In February, D-ID won the best use of AI in the Digiday Marketing and Advertising Awards Europe, and in January, the company's proprietary Live Portrait technology was named a finalist for the prestigious SXSW Innovation Award.
Source: https://www.prnewswire.com/news-releases/d-id-closes-25-million-funding-round-bringing-total-funding-for-the-creative-reality-company-to-48-million-301507986.html