Viggle AI, a Toronto, Canada-based startup revolutionizing character animation through generative artificial intelligence, has raised USD 19 million in Series A funding. 

Investors 

The round was led by Andreessen Horowitz (a16z), with participation from Two Small Fish. 

Andreessen Horowitz (a16z) is a venture capital firm that backs bold entrepreneurs building the future through technology. The firm invests in companies from seed to growth stages across various sectors, including AI, bio + healthcare, consumer, crypto, enterprise, fintech, games, infrastructure, and American dynamism. a16z manages $43B in assets across multiple funds. 

Viggle AI Use of Funds 

Viggle AI will use the funding to accelerate product development, expand its team, and strengthen its position in AI-powered video generation and animation. 

About Viggle AI 

Founded by Hang Chu in 2022, Viggle AI leverages artificial intelligence to empower users of all levels to create high-quality animated content effortlessly through simple text prompts. The company's proprietary JST-1 technology incorporates a deep understanding of physics, enabling the creation of lifelike character movements and expressions. Viggle is a product of Warp Engine, reshaping content development within the animation industry. 

Funding Details 

Company: WarpEngine Canada Inc. 

Raised: $19.0M 

Round: Series A 

Funding Date: August 2024 

Lead Investor: Andreessen Horowitz (a16z) 

Additional Investors: Two Small Fish 

Company Website: https://viggle.ai/ 

Software Category: Animation 

Source: https://www.businesswire.com/news/home/20240826353941/en/