Viggle AI raised $19 million USD in a Series A led by Andreessen Horowitz to expand its AI-powered video generator.

Aug 26, 2024•12 months ago

Amount Raised

$19 Million

Round Type

series a

TorontoAnimationMachine LearningArtificial Intelligence

Investors

Two Small Fish VenturesAndreessen Horowitz

Description

Viggle AI has secured nearly $26 million CAD in Series A funding to fuel its platform's growth. The startup plans to use the capital to develop a stronger model, add new capabilities, and improve user experience.

Company Information

Company

Viggle AI

Location

Toronto, Ontario, Canada

About

Viggle AI is a Toronto-based generative artificial intelligence startup that specializes in creating videos from simple text and image prompts. Its technology gained popularity through a viral meme format involving celebrity video edits. The startup aims to provide a unique, controllable video generation experience, differentiating itself from existing pixel-based models. Viggle's platform supports various users, from casual meme creators to professionals in animation and game design.

Related People

Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends