Immersive Fox, a London, UK-based AI video generation startup, secured €3.3 million in a seed funding round to help advance proprietary AI tech that allows clients to create unlimited video content using their face and voice.
The funding comes from three well-known venture capital firms: Redseed VC, Monte Carlo Capital, and Altair.
The funds raised will be allocated to several key areas. Immersive Fox plans to invest in the further development of their technology, with a focus on creating a video analytics tool, embeddable video player, UI animations and subtitles, and the synthesis of full-body motion from the text.
Additionally, the company aims to expand its sales efforts and attract new talent. By the end of the year, Immersive Fox plans to double its team size to explore new markets and enhance customer relationships.
Alisa Patotskaya, CEO and Founder of Immersive Fox, comments: “This significant investment is a testament to the hard work and dedication of our team, who work together diligently to bring a wealth of experience and professionalism to the table. Both my team and investors are all excited to see how this innovation shapes the industry.”
Immersive Fox offers an alternative to traditional video content production, which is often time-consuming and expensive. Immersive Fox's solution allows clients to create personalized videos at scale, generating one minute of sales videos in just one minute, thereby reducing time and costs significantly.
Company: IMMERSIVE FOX LTD.
Raised: €3.3M
Round: Seed Round
Funding Month: July 2023
Lead Investors: Redseed VC, Monte Carlo Capital, and Altair
Additional Investors:
Company Website: https://www.immersive-fox.com/
Software Category: AI Video Generation
About the Company: Founded in 2021 by Alisa Patotskaya and Stella Schuck, Immersive Fox focuses on AI-generated videos for sales and corporate communications. Immersive Fox provides video creation services intended to create AI-generated microlearning videos from any text for LMS and corporate communication. The company allows its clients to create a short video of their face or select one of its presenters, provides a text of the script, and the company generates audio from it with clients' voices or with AI-generated voices, allowing clients to create and auto-translate videos in minutes. The company solution enables clients to create personalized mass videos, generating on average 1 minute of sales video in 1 minute.
Source: https://www.eu-startups.com/2023/07/london-based-ai-video-generation-startup-immersive-fox-secures-e3-3-million-seed-to-advance-ai-twin-tech/