media tech investment
London-based Immersive Fox, a technology start-up specializing in AI-generated videos for sales and corporate communications, has closed a £2.8m seed funding round.
The company evolves proprietary AI technology that allows clients to create unlimited video content using their face and voice.
The funding comes from three prominent VC firms: Redseed VC, Monte Carlo Capital and Altair.
Immersive Fox now has a large waiting list of customers across sales enablement, customer communications, learning and development, and corporate communications, offering an alternative to traditional video content production. Sales and marketing specialist.
The company claims its solution allows clients to create personalized videos in just one minute.
Product and R&D plans including video analytics tools, embeddable video players, UI animations and captions, synthesis of whole body motion from text.
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“This significant investment is a testament to the hard work and dedication of our team, who work diligently to bring you a wealth of experience and professionalism,” said CEO and Founder Alisa Patotskaya.
“My team and investors are excited to see how this innovation will shape the industry.”
Redseed VC managing partner Eugene Bellof added: “Artificial intelligence will come to the forefront of the investor community in 2022. The rise of generative AI has exposed to a wider public the immense disruptive potential of this technology.”
“But the true value of any new technology lies in the extent to which it solves and simplifies existing problems and challenges. But what really solidified the investment case for us was the company’s very sharp focus on the sales and marketing use case, and to this day, there has been little innovation or disruption over the years. I didn’t see it.
“We strongly believe that Immersive Fox and its technology can create tremendous value for our cross-industry sales teams by constantly aligning our products with our customers’ needs.”
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