- AI startup Flickstree has secured $5 Mn in its Pre-Series B funding round led by Venture Catalysts.
- The startup plans to use them for global expansion, strengthening products and technology.
- The startup claims to have a wide network of over 150 publisher partners.
AI startup Flickstree has secured $5 Mn in its Pre-Series B funding round led by Venture Catalysts.
With these fundings Flickstree plans to use them for global expansion, strengthening products and technology.
The development comes after Flickstree secured $3 Mn in Series A funding from Samsung Venture Investment Corporation, LionRock Capital, Accretio Investments and Venture Catalysts in February 2020.
The co-founder of Venture Catalysts, Dr Apoorva Ranjan Sharma said, “Using artificial intelligence, Flickstree creates compelling branded video content at scale, at no cost for brands. Furthermore, they use their data engine to promote these videos, which churn out transactions automatically.”
The startup was Founded by Saurabh Singh, Rahul Jain, and Nagender Sangra in 2016. To facilitate video commerce, It creates AI-driven video content. Through its partnered publishers, it aggregates and embeds engaging video content.
In addition to artificial intelligence-enabled voiceovers and scripts, Flickstree generates video content automatically. Furthermore, these auto-generated videos are shared via its apps, websites, and publishing partnerships.
The startup claims to have a wide network of over 150 publisher partners. According to the company, it has clients in India, the Middle East, Southeast Asia, the UK, Australia, and the United States.
In 2017, Indian cricketer Sourav Ganguly contributed undisclosed funds to the project. Among its investors are Orbit Startups (SOSV), LionRock Capital, FULD & Co, Lets Venture, AB Claymore, and Angelbay.
In addition to Rephrase.ai, Detect Technologies, and Navikenz, other AI startups are operating in the Indian AI market.
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