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Monday, July 15, 2024

Singapore Ex-Googlers Secure USD$5.5 Million to Revolutionise AI Video

1Bstories, a start-up founded by Anuvrat Rao, along with a team of ex-Google founding members, collectively having 23 years of experience developing and scaling products internationally, has announced it has successfully raised USD$5.5 million in a recent funding round from Northstar Group and 47 other VCs and angel investors to launch a cutting-edge generative AI video tool, Vidiofy.

Vidiofy is designed specifically for publishers and brands seeking to enhance engagement with their communities, expand their social following, and create new revenue streams. It is designed to allow businesses to create hundreds of high-quality videos every month, eliminating barriers traditionally associated with video production, time and manpower.

“We are thrilled to officially introduce 1Bstories and unveil Vidiofy to the world,” said Anuvrat Rao, CEO and Founder of 1Bstories. “Our mission is to empower publishers and brands to seamlessly create captivating videos at scale, leveraging generative AI technology. Vidiofy is set to disrupt the industry by revolutionising video creation, allowing businesses to create content like never before.”

Vidiofy offers an intuitive and user-friendly interface that streamlines the entire video production process. Leveraging the power of generative AI, the platform enables publishers and brands to generate an extensive library of video content effortlessly from scratch or from an existing article or web page. From social media clips to personalised marketing messages, Vidiofy is designed to equip businesses with the tools to maximise their online presence and engagement.

Part of the team is Stacie Chan, ex-Googler, award-winning journalist, and Emmy-nominated actress. She was thrilled to join 1Bstories and bring her love of storytelling and technology into one bold vision. Alongside Stacie is the “godfather of tech” Ravi Hamsa, with an illustrious career of working with top tech companies like Uber, LinkedIn, InMobi, and Yahoo.

1Bstories’ growth has their investors showering them with praise. One high profile investor, Tom Blomfield, founder of Monzo said “1Bstories has an interesting vision for the future of AI video technology, and I’m thrilled to support their journey. With a talented management team at the helm, I’m excited to see what they do to online storytelling.”

Another high-profile investor, Ian Doody, co-founder of Powerhouse Capital also mentioned “Powerhouse is thrilled to partner with Anu Rao and the 1B team. We believe AI has the ability to drive personalised content at scale while delivering a better user experience. 1B’s Vidiofy product is a powerful tool that arms creators with additional capabilities to deliver deeper engagement and relevance with their audiences. We are excited to support this team on the journey.”

“We believe deeply in 1Bstories and their pioneering product, Vidiofy. The revolutionary AI-powered video tool is destined to redefine the digital publishing landscape by enabling companies to churn out compelling, high-quality videos with unprecedented ease and efficiency. We foresee Vidiofy becoming the gold standard in AI video production, effortlessly bridging the gap between ambition and execution while creating new horizons of engagement and monetisation.” said Quentin Reyes, Managing Director of Alpha Praetorian Capital, another VC investor in 1Bstories.

1Bstories is already working with a wide variety of customers across verticals, from mainstream US news publishers to niche digital Australian publications to large telecommunication companies in Indonesia, and even real estate developers in Singapore. With the ability to quickly publish and translate content to over 20 languages, Vidiofy also helps their customers grow their brand internationally as well.

The $5.5 million investment will accelerate product development, expand the team, and drive widespread adoption of Vidiofy in the market.


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