Hour One Raises $20 Million in Series A  

by Kay Aloha Villamor in April 26th, 2022

Hour One, a New York and Tel Aviv, Israel-based AI video generation company powered by virtual human characters, announced that it raised a $20 million Series A funding round to put more virtual humans in the virtual workplace. 

The round was led by Insight Partners, with participation from Galaxy Interactive, Remagine Ventures, Kindred Ventures, Semble Ventures, Cerca Partners, Digital-Horizon, and Eynat Guez. 

The funding round will be used to further enhance and streamline the process of becoming a virtual human on the platform, making it possible from any mobile device, with studio-quality video creation and full automation. 

Company: Hour One AI

Raised: $20.0M

Round: Series A

Funding Month: April 2022

Lead Investors: Insight Partners

Additional Investors: Galaxy Interactive, Remagine Ventures, Kindred Ventures, Semble Ventures, Cerca Partners, Digital-Horizon, and Eynat Guez

Company Website: https://www.hourone.ai/

Software Category: Content Creation Software

About the Company: Hour One is an AI company specializing in the development of virtual humans for use in professional video communications. Hour One's lifelike virtual characters are based on real humans and can be animated with human expressiveness just from text, enabling businesses to upgrade their communications with unprecedented ease and scale. Hour One's customers include some of the biggest names in e-learning and media, including Berlitz and NBC Universal, and DreamWorks, and spanning HR, e-commerce, SaaS, and more. Hour One is headquartered in Tel Aviv and New York City.

Source: https://www.prnewswire.com/news-releases/hour-one-raises-20-million-series-a-to-accelerate-virtual-twin-technology-301531919.html

           




 



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