Gan.ai, a San Francisco, CA-based startup that provides an AI-powered video creation platform that assists brands in generating personalized videos for their customers, secured $5.2 million in seed funding.
The round was led by Surge, and Sequoia Capital's rapid scale-up program, with participation from rapid Emergent Venture and angel investors.
With the new investment, Gan.ai aims to enhance its platform and expand its customer base. The funding will support the startup's growth plans, allowing for further platform development, marketing efforts, and expanding the team.
Gan.ai's video personalization software enables brands to create tailored videos by recording an actor and incorporating keywords into a script.
The platform allows users to easily send personalized videos to their customers with just one click. Additionally, Gan.ai integrates with popular e-commerce tools such as Shopify, Calendly, Stripe, HubSpot, and Salesforce, enabling users to create landing pages and include shopping and payment options.
Gan.ai's revenue model is based on charging a fee determined by the number of videos generated by users. As the platform gains popularity and attracts more customers, its revenue is expected to increase.
Company: GAN STUDIO, INC
Raised: $5.2M
Round: Seed Round
Funding Month: May 2023
Lead Investors: Surge and Sequoia Capital
Additional Investors: Emergent Venture
Company Website: https://gan.ai/
Software Category: AI-powered Video Creation Platform
About the Company: Founded in 2021, by Suvrat Bhooshan, Gan.ai leverages AI to create customized videos at scale and empower brands to build personal connections with their customers. Gan.ai helps organizations enhance the video creation process and reach out to their audience effectively, by making personalized landing pages for customers and delivering customized videos via preferred communication platforms. Gan.ai employs 35 people and has more than 200 users, including over 40 enterprise customers like Samsung, Zomato, Vivo, and Mobile Premier League
Source: https://techcrunch.com/2023/05/23/sequoia-indias-surge-backs-ai-powered-video-creation-platform-gan-ai-in-5-2m-funding/