1Bstories, a Singapore-based generative AI video tool provider, emerged from stealth mode with $5.5m in funding.
Backers included Northstar Group and 47 other VCs and angel investors, such as Tom Blomfield, founder of Monzo, Caesar Sengupta, Co-Founder & CEO of Arta finance, Ian Doody, co-founder of Powerhouse Capital, Quentin Reyes, Managing Director of Alpha Praetorian Capital, Tim Dattels, Managing Partner for TPG Asia and Partner and Managing Director of Goldman Sachs.
The company intends to use the funds to accelerate product development, expand the team, and drive widespread adoption of Vidiofy in the market.
Founded by Anuvrat Rao, Stacie Chan, and Ravi Hamsa, along with a team of ex-Google founding members, collectively having 23 years of experience developing and scaling products internationally, 1Bstories provides Vidiofy, a generative AI video tool designed specifically for publishers and brands seeking to enhance engagement with their communities, expand their social following, and create new revenue streams. With Vidiofy, businesses can create hundreds of high-quality videos every month from scratch or from an existing article or web page. From captivating social media clips to personalized marketing messages, Vidiofy equips businesses with the tools to maximize their online presence and achieve higher levels of engagement. It has the ability to publish and translate content to over 20 languages.
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.
FinSMEs
01/08/2023