Tuesday, September 27, 2022
Outlook.com
Outlook India
Outlook Business
+

Rephraise.ai Raises $10.6 Million In New Funding Round Led By Red Ventures

Apart from Red Ventures, Silver Lake, and 8VC, amongst others also participated in the funding round

Rephraise.ai Raises $10.6 Million In New Funding Round Led By Red Ventures
POSTED ON September 19, 2022 4:04 PM

The artificial intelligence (AI) start-up, Rephrase.ai, has raised $10.6 million led by Red Ventures to enhance operations by integrating new product experiences, scale hiring, and expand its presence in North America. Apart from Red Ventures, Silver Lake, and 8VC, amongst others also participated in the funding round. 

As per a report by The Economic Times, the artificial intelligence start-up aims to democratize video and create high-quality video creation capabilities. Carlos Angrisano, President at Red Ventures said, “With the current mass customization of video content, our bet is on the reinvention of the video production process, and that, as a business process technology, has incredible potential. We are impressed by Rephrase.ai’s leadership and talent bench, which is a tremendous competitive advantage in such a nascent field.”

The company has onboarded 23 more people in the past one year including some researchers from Google, Samsung, Facebook and Amazon. 


 

  • Related Articles

    The development comes a week later after Ola onboarded new members across key positions for its electric vehicle business, Ola Electric, to unify operations

    Ola Plans To Lay Off 200 Employees In Engineering Department: Report

    The fresh capital will also be utilized to accelerate the new automation capabilities and to expand into the Beauty and Wellness Sector

    Pune-Based SaaS Start-Up DINGG Raises Rs 3.5 Crore In New Funding Round

    A Memorandum of Understanding has been signed between the American Tamil Entrepreneur’s Association (ATEA) and Tamil Nadu Start-Up and Innovation Mission (TANSIM) regarding this

    Tamil Nadu To Set Up Angel Investor Network For Start-Ups: Report