Peech, a Tel Aviv, Israel-based startup that developed an NLP and AI-powered automatic video editing solution that transforms raw video footage into branded videos in seconds, announced the completion of $8.3 million Seed funding.
The round was led by Ibex Investors, with participation from Cardumen Capital, Fresh Fund as well as angel investors Nas Daily, Ariel Maislos, and others.
Peech will use the funding to expand its AI capabilities and diversify its media creation solutions.
Company: Peech Technology Ltd.
Round: Seed Round
Funding Month: Aug 2022
Lead Investors: Ibex Investors
Additional Investors: Cardumen Capital, Fresh Fund, Nas Daily, and Ariel Maislos
Company Website: https://www.peech-ai.com/
Software Category: Video Editing and Management platform
About the Company: Peech is a personalized and automatic video editing and management platform, that allowed you to automatically create, transcribe, collaborate, optimize, and publish content - all in one place. Peech’s automatic video editing solution leverages machine learning and natural language processing (NLP) technology to turn in-house media content into high-quality branded videos within seconds. Peech’s algorithm analyzes the verbal content of the speaker and adds visual elements that are calibrated with each company’s brand book, the context of the speaker’s content, the desired distribution channel, and the specific marketing goals.