Hedra raised $10 million in seed funding led by Index Ventures, Abstract, and A16Z Speedrun to enhance its AI video creation platform.
Hedra raised $10 million in seed funding led by Index Ventures, Abstract, and A16Z Speedrun to enhance its AI video creation platform.
08/01/24, 11:30 PM
Location
san franciscoMoney raised
$10 million
Industry
machine learning
video
artificial intelligence
Round Type
seed
Investors
A16 Z Speedrun, Abstract, Index Ventures
Hedra, a new AI video platform, raised $10 million in seed funding, fueled by the growing interest in generative AI products. The funding will support the launch of its video-focused foundation model Character-1, designed to streamline content creation for marketers and creators.
Company Info
Location
san francisco, california, united states
Additional Info
Hedra is an AI video creation platform founded by former employees of Nvidia, Google, and Meta. It recently raised $10 million in seed funding to support its generative AI-powered video creation products. Hedra has introduced Character-1, the fastest video foundation model on the market, enabling over 350,000 users to create more than 1.6 million videos. The platform aims to enhance content creation by integrating story, sound, and video generation into one unified workflow.