GlossAi Ltd, a company that produces an AI-driven platform for producing large-scale video content using generative AI has raised an $8 million seed round. The funds are intended to accelerate the adoption of its Generative V-Ai Platform for content generation.
New Era Capital Partners led the funding with participation by Guidestar ventures, 97212 Ventures, MindCET Ventures, Ginossar Ventures, Maccabee Ventures, Rafi Gidron, Zipris Family, and more.
“We’re allowing organisations to be omnipresent, generating targeted content at scale with fewer resources,” said Ofer Familier, co-founder and chief executive of GlossAi. “Our customers are seeing a 30-40% uptick in engagement with up to 70-80% cost reduction.”
Funding for AI
The funding will allow GlossAi to further expand its worldwide presence and develop advanced AI capabilities for its platform. The company will also analyse hundreds of parameters such as text, tone, pace, facial expressions, and audience engagement using billions of data points to achieve its human-like content generation.
Once the company accomplishes this, users can break a single webinar, podcast, training keynote and more into smaller storified bites using GlossAi’s platform which will allow teams to generate high-quality, share-worthy short-form videos, trailers, eBooks, blog posts and carousel images from existing content.
Familier added, “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.”
The company’s newly raised funding will go towards helping and growing its team of over 30 employees, expanding its global footprint and developing more AI-driven products.