Pika, an AI video generation startup, is raising a new round of funding. The raise could value Pika at more than $500 million, and up to $700 million. The company is facing fierce competition in the AI video tech market.

Pika is an AI video platform that allows anyone to bring their creative vision to life. The company is redesigning the video-making and editing experience with AI, providing a tool that is effortless and accessible to everyone. Pika can be found on the web (mobile and desktop) at https://pika.art and on Discord. Pika is currently hiring, explore open roles at https://pika.art/careers. Follow @pika_labs on X for more info and updates.

Pika is raising around $70M in a new funding round to power its text-to-video generator.

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Pika is raising around $70M in a new funding round to power its text-to-video generator.

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