Phyron, a Stockholm-based startup specializing in AI-driven video content creation, recently landed a massive seven-figure investment from Round2 Capital. The capital injection will enhance Phyron’s ability to grow its customer base while also accelerating advances in AI and automation technology. The investment will also serve as a catalyst for Phylon’s growth trajectory, supporting new product launches and the expansion of its dedicated team. Round2 Capital, known for its revenue-based approach to finance, has announced its intention to provide additional funding to Phyron as it continues to expand its business.
Phyron’s software harnesses the power of artificial intelligence to automatically generate engaging product videos, giving businesses a faster sales process and lower content creation costs. Phyron leverages a revolutionary video engine to quickly create high-quality videos in real-time using existing content. The software integrates seamlessly across various platforms such as websites, marketplaces, social media and paid advertising.
Phyron’s AI-based video engine can create unlimited studio-quality videos in real time from existing content. Easy to implement, this software renders, hosts and streams any video file without human input across all available channels including websites, marketplaces, social media and paid advertising.
Since its inception, Phyron has expanded rapidly beyond the Nordic countries to the rest of Europe and North America. Today, more than 2,500 of his car dealers in 25 countries use Phyron. Since January 2021, Phylon’s videos have earned him over 250 million views. Ads with videos made with Phyron increase traffic by an average of over 50% and cars sell 3-5 days faster than him. All prices are less than the price of a cup of coffee per car.
Round2 Capital co-founder and managing partner Jan Hillered commented on the investment: schedule. We look forward to partnering with Phyron’s passionate and driven team and existing investors. Given the dynamics of the sector and Phylon’s current development trajectory, we expect to see even more opportunities to contribute to Phylon’s funding needs as it continues to scale. “
Phyron co-founder and CEO Johan Sundstrand also expressed enthusiasm: “Phyron is on track to achieve triple-digit growth in 2023 and this new investment will allow us to continue growing and launch new products faster, such as our recently launched ‘always on’ paid advertising. Become. “The platform will enable the dealer or his OEM to reach new audiences with full AI video automation. The new funding means we can further invest in AI technology and grow our team in our core areas, all with an eye to adding hundreds of new customers. And thanks to the revenue-based funding model with Round2, we can count on him to support Round2 in the future as well. “
