Kinetix, a Paris, France-based AI-assisted 3D animation pioneer, announced that it secured $11 Million in seed funding.
The round was led by Adam Ghobarah, founder of Top Harvest Capital and former longtime executive at Google and Google Ventures, with participation from multiple virtual worlds - The Sandbox & ZEPETO (NAVER Z).
Kinetix also secured investment from top Web3 players like Sparkle Ventures, co-managed by Animoca Brands, Entrepreneur First, and successful entrepreneurs including Alexandre Yazdi (CEO of Voodoo), Xavier Niel (Founder of Station F), and William O'Farrell (Founder of Body Labs and After Effects).
Company: Kinetix SAS
Raised: $11.0M
Round: Seed Round
Funding Month: May 2022
Lead Investors: Adam Ghobarah
Additional Investors: The Sandbox & ZEPETO, Sparkle Ventures, Alexandre Yazdi, Xavier Niel, and William O'Farrell
Company Website: https://www.kinetix.tech/
Software Category: 3D animation
About the Company: Founded in 2020 by Yassine Tahi and Henri Mirande, Kinetix has created a no-code platform allowing Web3 and content creators to transform any video into 3D animated avatars. By uploading video clips into the Kinetix platform, everybody can generate fully-featured 3D animations to share and integrate into virtual worlds, opening up new ways of self-expression in the Metaverse. Kinetix’s free AI-powered platform makes 3D creation accessible to millions of creators around the world. With Kinetix, everyone can now easily produce films, concerts, group dances, and video games for virtual worlds. Kinetix’s team of 30 passionate deep learning engineers, 3D animation experts, developers, and game scripters are on a mission to Humanize the Metaverse.
Source: https://www.globenewswire.com/news-release/2022/05/04/2435853/0/en/Kinetix-Raises-11-Million-in-Seed-Funding-to-Drive-User-Generated-Content-in-the-Metaverse.html