A.I. Creative Platform D-Id, The Tech Behind Those Viral Videos Of Animated Family Photos, Raises $25M
A.I. Creative Platform D-Id, The Tech Behind Those Viral Videos Of Animated Family Photos, Raises $25M
03/22/22, 2:04 PM
Money raised
$25 million
D-ID, the Israeli company leveraging A.I. to create unique, viral experiences like “Deep Nostalgia,” which animates the faces of long-lost relatives in your old photos, announced today the raise of a $25 million Series B round of funding led by Macquarie Capital. The additional funds shortly follow D-ID’s recent launch of its Deep Nostalgia follow-up project, LiveStory, which adds audio to the animated photos, allowing the people in the photos to narrate their own life histories.
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Additional Info
The company also recently announced plans to debut its own A.I.-powered video greeting mobile app, Wishful. To date, Deep Nostalgia alone has created nearly 100 million animations the company says. Though this technology is not quite advanced enough to enter deepfake territory, it’s akin to really good lip-syncing — or that’s how the company put it at the time. The company also worked with nonprofit organizations and governments in public awareness campaigns on topics such as domestic violence and HIV awareness. This year, in particular, the company is expecting to see significant growth, notes D-ID co-founder and CEO Gil Perry. The funds will help on that front by allowing the currently 33-person company to staff up its sales and marketing teams in the U.S., APAC and EMEA regions, he says. “This is where D-ID is heading.”Beyond its existing partnerships, Perry said D-ID is also in conversations with many “tech giants,” but couldn’t provide exact names, as discussions are ongoing.