GlossAi, a Tel Aviv, Israel-based creator of an AI-driven video generator that allows organizations to rapidly create multi-audience content at scale using generative AI capabilities, announced that it secured $8 million in a seed round.
Led by New Era Capital Partners with participation by Guidestar ventures, 97212 Ventures, MindCET Ventures, Ginossar Ventures, Maccabee Ventures, Rafi Gidron, Zipris Family, and more.
This investment will allow GlossAi to further expand its global presence and develop increasingly advanced AI capabilities for its platform.
The investment will also go towards helping GlossAi’s team of over 30 employees expand their global footprint, develop more AI-driven products and features, and further accelerate revenue generation.
With the growing comfort surrounding the use of AI, Video AI promises to help companies connect with audiences that were previously beyond their reach.
“We’re allowing organizations to be omnipresent, generating targeted content at scale with fewer resources,” said Ofer Familier, Co-Founder and CEO at GlossAi. “Our customers are seeing a 30-40% uptick in engagement with up to 70-80% cost reduction. Based on the creative ways our enterprise customers are using our technology, we see webinars with their own trailers, podcasts promoted on TikTok, eBooks created from classes, and more.”
GlossAi analyzes hundreds of parameters such as text, tone, pace, facial expressions, and audience engagement using billions of data points, achieving its human-like content generation in near-real time.
This means that using GlossAi's cutting-edge platform, a single webinar, podcast, training keynote, and more can be automatically spliced and broken down into smaller, storified bites.
GlossAi enables teams to rapidly generate high-quality, share-worthy short-form videos, trailers, eBooks, blog posts, carousel images, and more from existing content, which is uniquely packaged for the intended medium.
Company: GlossAI Ltd.
Raised: $8.0M
Round: Seed Round
Funding Month: February 2023
Lead Investors: New Era Capital Partners
Additional Investors: Guidestar ventures, 97212 Ventures, MindCET Ventures, Ginossar Ventures, Maccabee Ventures, Rafi Gidron, and Zipris Family
Company Website: https://glossai.co/
Software Category: AI Video Generator
About the Company: Founded in 2021 by Ofer Familier, Eyal Koren, and Adi Paz, GlossAi is an AI video generator that storifies existing content, creating share-worthy, short-form videos that maximize engagement. It can turn any single piece of content into many short videos, blog posts, and various channels and use cases. GlossAi uses billions of data points to assess hundreds of factors, including language, tone, tempo, facial expressions, and audience involvement, to create material that is human-like in almost real time. Its state-of-the-art platform adds the finishing touches to smart, storified outputs, creating high-quality, ready-to-share videos.
Source: https://ffnews.com/newsarticle/funding/glossai-raises-8-million-seed-round-to-accelerate-adoption-of-its-generative-v-ai-platform-for-content-generation-at-scale/