Phyron, a Stockholm, Sweden-based video content creation platform provider, received a revenue-based seven-figure investment from Round2 Capital.
The exact amount of the deal was not disclosed.
The new investment will accelerate development of the company’s AI and automation technology, grow the team, and attract new customers.
Led by Johan Sundstrand, Co-Founder & CEO, Phyron provides AI-based software that enables automated generation of product videos. Its AI-based video engine can create an unlimited number of studio quality videos from existing content in real-time. The software renders, hosts, and streams all video files with no human input on all available channels – including websites, marketplaces, social media, and paid ads.
Since its foundation, the company has rapidly expanded beyond the Nordic countries and into the rest of Europe and North America. Now, more than 2,500 car dealers use Phyron across 25 countries. Since January 2021, Phyron’s videos have been viewed more than 250 million times.
FinSMEs
05/07/2023