Former Google Employees AI Startup OpenArt Raises $5 Million As 6M Users Create Brainrot Videos In Jus
Summary
OpenArt has raised $5 million from Basis Set Ventures and DCM Ventures while building an AI video creation platform. The company offers one-click templates for character vlogs, music videos, and explainers, and it combines more than 50 AI models to help users produce content. It emphasizes character consistency across videos and is willing to discuss licensing with major IP holders. The company says it has positive cash flow and expects to reach a $20 million annual revenue run rate.
Funding
Amount
$5.0M
Total raised
Date
May 1, 2023
Announcement date
Investors
-
Lead investors
Company
openart.ai
Funded company
Classifications
industries
Entertainment
applications
AI & Machine learning
AskAI Classifications
Labels
SaaS
AI Creative Tools
Generative AI
Linked Companies
OpenArt
up to $1M