Zibra AI raises $500k funding from Speedrun accelerator
Summary
, a Ukrainian deep-tech company specializing in AI-generated 3D assets for games and virtual environments, announces it has participated in the first-ever accelerator, receiving USD $500,000 to kickstart its current seed investment round and bringing its total investment to-date to USD $2.5 million.Founded in 2021, Zibra AI aims to use the funding to expand its team and fuel the growth of its generative AI technology.The companys flagship product, Zibra Effects, is a Unity Verified Solution that can be utilized across PC and Mac, iOS and Android, consoles, and VR/AR, with use cases in industries like gaming, metaverse, and professional training simulations. By automating the creation of 3D assets and visual effects, the technology helps streamline production for developers.Zibra AI was one of just 32 companies out of 1,600 applicants accepted into a16zs inaugural Speedrun, which provides funding and coaching for the promising pre-seed startups at the intersection of games and tech.Each of the companies accepted into the program received an initial investment of $500,000 and pitched to investors at the Speedrun Demo Day held in Los Angeles in June 2023. Based in Kyiv, Ukraine, Zibra AI has continued to raise capital alongside the hottest startups in the world despite the challenges of its wartime reality and currently has an open seed round.The company raised a pre-seed round of $1.2 million in November 2022 from investors including Gismart, SID Venture Partners, and angels including The Sandboxs Sebastian Borget and Phil Libin from Evernote. With this new investment, we can accelerate our plans to develop our tech and further support and streamline development for games and all virtual experiences across industries, Petrenko added.Troy Kirwin, Investment Partner at a16z, said, We were immediately impressed with the Zibra AI teams ability to solve some of the most challenging technical problems in computer graphics. Interested companies can see the tech in action by trying it for free for a limited period, or visit the Zibra AI website to find out more.
Funding
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