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Rephrase.ai, an AI communication firm, receives $10.6 million in investment from Red Ventures.

Red Ventures led a $10.6 million Series A fundraising round for Bengaluru-based AI startup Rephrase.ai, which works in the synthetic media sector. In addition, the investment round included participation from Silver Lake, Global Technology Venture Capital, 8VC, and other angel investors.

According to Rephrase.ai, the funds will be used to integrate product experiences, including the hiring of team members for the departments of AI, Product, Sales, and Marketing. Additionally, the business will be establishing a base in North America.

Three IIT graduates, Ashray Malhotra, Nisheeth Lahoti, and Shivam Mangala, started the company in 2019. Rephrase.ai focuses on video production by giving businesses of all sizes access to video skills. Additionally, the business is developing digital avatars with a human touch using deep learning, which can then be utilised for synthetic video content.

“Four years ago, we founded Rephrase.ai with the intention of developing an engine that could make producing high-quality movies as simple as writing text. We have created millions of movies over the past year while producing hundreds of digital human clones, according to Ashray Malhotra, co-founder and CEO of Rephrase.ai.

“With the present mass customization of video content, our main bet is on the reinvention of the video production process, and that, as a business process technology, has great promise,” Red Ventures President Carlos Angrisano continued. Rephrase.ai’s leadership and talent pool impress us; they represent a significant competitive advantage in this young industry.

About Rephrase.ai

Deep tech generative engine of Rephrase.ai AI technology produces high-quality video content for use in commercial communications. A single live action video of a person can be used to create many different video variations when the only input is the written script.

Leading brands and businesses have leveraged technology to develop campaigns and communications that have won awards.

When was Rephrase.ai founded?

Rephrase.ai was founded in 2019.

Who is the founder of Rephrase.ai?

Rephrase.ai was founded in 2018 by Ashray Malhotra, Nisheeth Lahoti and Shivam Mangla.

Is Rephrase.ai hiring?

Rephrase.ai is hiring for multiple positions like Executive Assistant, Business Finance Manager, and Account Executive.

What is the team size of Rephrase.ai?

As per the popular social media site LinkedIn, Rephrase.ai has 43 employees.

Where is the head office of Rephrase.ai?

Rephrase. ai’s headquarters is located at 6th Cross Road, Agara Village, 1st Block Koramangala, HSR Layout 5th Sector, Bangalore.

How much is the revenue of Rephrase.ai?

Rephrase.ai has not publicly revealed the revenue in the last round of funding.

Rephrase.ai seems to be an interesting startup with spurring new development on online audio and video media platform. Congratulations on your startup. May this new business bring you huge success and fulfillment.

Shishir Gupta, Founder and CEO, StartupLanes
AI Startup Rephrase.ai secured $10.6 Million in Series A Funding Round

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