AI-assisted 3D animation startup Kinetix raises $11M in Seed funding to drive user-generated content in the metaverse - Tech Startups
Summary
Kinetix is another startup that provides a no-code platform that allows users to convert video into 3D animated avatars in the metaverse. Launched just two years ago, the Paris, France-based Kinetix enables Web3 and content creators to transform any video into 3D animated avatars via its AI-assisted 3D animation platform.Today, Kinetix announced it has raised $11 million in seed funding led by Adam Ghobarah, founder of Top Harvest Capital and former longtime executive at Google and Google Ventures, with participation from multiple virtual worlds The Sandbox & ZEPETO.Founded in 2020 by Yassine Tahi and Henri Mirande, Kinetix is a free AI-powered platform that makes 3D creation accessible to millions of creators around the world. Kinetixs team of 30 passionate deep learning engineers, 3D animation experts, developers, and game scripters are on a mission to Humanize the Metaverse.By uploading video clips into the Kinetix platform, everybody can generate fully-featured 3D animations to share and integrate into virtual worlds, opening up new ways of self-expression in the Metaverse.Other backers in this round include top Web3 players like Sparkle Ventures, co-managed by Animoca Brands, Entrepreneur First, and successful entrepreneurs including Alexandre Yazdi (CEO of Voodoo), Xavier Niel (Founder of Station F), and William OFarrell (Founder of Body Labs and After Effects).Kinetix immediately stood out for me, by the quality of the founders, the quality of the machine learning technology, and the scope of the opportunity for no-code AI in video and Web3, said Adam Ghobarah, Founder of Top Harvest Capital.With the explosive growth of virtual worlds, there is a need for easy-to-use platforms for creating 3D content and for monetizing that content. By making creation fast and easy, we allow millions of users to design their own animated avatars and express their personalities in free and fun ways. Meta CEO Mark Zuckerberg also said that the tech giant has committed $10 billion to transition from its much-criticized social network and related family of apps into what Zuckerberg describes as an embodied internet.The metaverse is a digital world where the real and virtual worlds converge into a vision of science fiction.