Electric Sheep Raises $500,000 in Pre-Seed Round

by Kay Aloha Villamor in August 18th, 2023

Electric Sheep, a London, UK-based AI visual effects startup, raised $500,000 in oversubscribed pre-seed funding.

The round was led by Dasein Capital and included Spatial Capital and Look AI Ventures. The funds obtained will be directed toward the further development and enhancement of the Spotlight platform.

Electric Sheep has developed a solution, Spotlight, to streamline post-production in the film and television industry. Its cloud and AI platform is a rotoscoping tool that allows ‘flawless background removal’ giving visual effects editors more scope to make key adjustments. 

“We are excited to partner with three investors with considerable experience in AI, VFX, and building at scale,” says Gary Palmer, CEO at Electric Sheep. “Flawless background removal negates the need for onset green screens, empowering creatives to capture the energy of the scene without compromising the final image.”

Company: Electric Sheep VFX Ltd.

Raised: $500K

Round: Pre-Seed Round

Funding Month: August 2023

Lead Investors: Dasein Capital

Additional Investors: Spatial Capital and Look AI Ventures

Company Website: https://electricsheep.tv/

Software Category: AI Visual Effects 

About the Company: Founded by Gary Palmer, Jake Laver, and Richie Murray, Electric Sheep is an Artificial Intelligence software company providing automation for Film, TV, and Media. Electric Sheep is dedicated to accelerating the Visual Effects (VFX) industry with cutting-edge AI technology. The company’s mission is to allow artists to get back to what they do best - telling stories through creative, stunning, and impactful visual effects.

Source: https://tech.eu/2023/08/17/electric-sheep-500k-ai-driven-post-production-platform/

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