WOMBO, a Toronto, Canada-based AI entertainment company, has raised $9 million in funding round.
Investors
The round was led by Round13 Digital Asset Fund, with participation from NVIDIA, CoreWeave, SBI, Web3.com, and others.
Round13 Digital Asset Fund is a technology and growth-stage-focused venture capital firm. Based in Toronto, Canada, it operates in the early-stage, growth-stage, and crypto investment spaces.
WOMBO Use of Funds
The company will use the funding to expand its team, accelerate product development, and explore new frontiers in AI-powered content creation.
About WOMBO
WOMBO specializes in consumer-facing AI applications. It develops AI-driven applications designed for creative and entertainment purposes. The company is known for its popular applications like WOMBO and WOMBO Dream, which allow users to generate engaging and artistic content using AI. Boasting over 200 million downloads across its suite of applications, WOMBO is dedicated to making AI-powered creativity accessible to everyone.
Funding Details
Company: WOMBO Studios Inc.
Raised: $9.0M
Round: Unknown
Funding Date: September 2024
Lead Investors: Round13 Digital Asset Fund
Additional Investors: NVIDIA, CoreWeave, SBI, Web3.com
Company Website: https://www.wombo.ai/
Software Category: AI Entertainment
Source: https://www.prnewswire.com/news-releases/consumer-ai-pioneer-wombo-secures-9m-to-scale-ai-powered-entertainment-globally-from-round13-nvidia-and-coreweave-302239824.html