Pika, a Palo Alto, CA-based redesigning the video-making and editing experience, raised $35 million in Series A funding, bringing its total funding to $55 million.
The company also launched Pika 1.0, which includes a new AI model capable of generating and editing videos in various styles, such as 3D animation, anime, or cinematic.
SaaS Investors
The round was led by Lightspeed Venture Partners.
Founded in 2000, Lightspeed Venture Partners is a venture capital firm based in Menlo Park, California. The firm has regional offices in Israel, India, China, Southeast Asia, and Europe. The firm seeks to make investments in the enterprise, health, fintech, and consumer sectors.
About Pika
Founded by Demi Guo and Chenlin Meng, Pika is a company that creates an AI-powered platform to edit and generate videos from captions and still images. Its AI video platform allows anyone to bring their creative vision to life. Pika has designed a video-making and editing experience that is effortless and accessible to the everyday consumer and creator. Today, Pika has more than 500,000 users generating millions of videos each week.
Funding Details
Company: Mellis, Inc.
Raised: $35.0M
Round: Series A
Funding Month: November 2023
Lead Investors: Lightspeed Venture Partners
Additional Investors:
Company Website: https://pika.art/
Software Category: Video Making and Editing
Source: https://www.businesswire.com/news/home/20231127388431/en/AI-Company-Pika-Raises-55M-to-Redesign-Video-Making-and-Editing