September 1, 2024
Viggle AI has secured $19 million in a Series A funding round led by Andreessen Horowitz (a16z), with participation from Two Small Fish. The Canadian startup aims to transform character animation using its proprietary generative AI technology.
Project | Latest Raise | Latest Raise Date | Stage | Lead Investor | Category |
|---|---|---|---|---|---|
Viggle AI | $19M | September 1, 2024 | Series A | Andreessen Horowitz (a16z) | Social |
Viggle AI was founded to make animation accessible to everyone and has quickly become a leader in controllable video generation. Its standout feature is an AI-driven animation system that combines ease of use with advanced capabilities, enabling users to create realistic animations with minimal effort. The platform supports both text-to-video and image-to-video prompts, allowing creators of all levels to produce lifelike animated characters in minutes.
The new funding will be used to scale operations, speed up product development, and grow the team, solidifying Viggle AI’s position in the AI animation industry. CEO and co-founder Hang Chu stated that the investment not only supports the company’s vision but also provides the means to explore new possibilities in AI-driven content creation.
Additionally, Viggle AI has introduced the Viggle Creator Program, which offers artists and creators benefits like early access to new features, extra credits for video creation, and networking opportunities within an exclusive community. This program underscores Viggle AI’s dedication to fostering a vibrant ecosystem for both new and established creators.
About Viggle AI
Viggle is a platform that lets you create 3D animated videos easily. You can use text prompts to animate characters and blend images into motion videos. It supports various creative commands like /mix, /animate, and /move to bring your ideas to life. The platform is powered by the JST-1 model, which understands physics to make animations look realistic.
Website: https://viggle.ai/home
X Followers today: 18,137
X Followers 30 days ago: 17,721
X Change: 416 (+2.35%)
About Investor
Investor: a16z crypto
a16z Crypto is a venture capital fund that invests in crypto and web3 startups. It is part of Andreessen Horowitz and has been investing in this space since 2013. The fund supports entrepreneurs building the next generation of the internet, focusing on blockchain and digital assets. They manage over $7.6 billion across four funds.
Location: Menlo Park, CA
Website: https://a16zcrypto.com/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
Comments