Rephrase.ai raises $1.5 mn seed funding led by Lightspeed Ventures
Rephrase.ai, the Bengaluru-based AI-led synthetic media production startup, announced that it has raised $1.5 million in seed funding round led by Lightspeed Ventures and AV8 Ventures, according to YourStory report. The startup will use the funding to scale its AI-powered video personalisation platform, strengthen its commercial presence in North America, and expand its engineering and research teams based out of Bengaluru, India. Speaking on the investment, Ashray Malhotra, CEO, Rephrase.ai, said, â€œNow, enterprises can create high-quality video content for targeted sales and marketing initiatives while saving time and money. The company is building a tool which can take any piece of text and create a video of any person speaking that text. The team keeps a tab on the latest happenings in the ecosystem to bring most relevant news and insights for our readers.