Electric Sheep, a London, UK-based AI tech startup which specialises in visual effects (VFX), raised USD500K in Pre-Seed funding.
The round was led by Dasein Capital (US), and backed by Spatial Capital (US) and Look AI Ventures (Czech Republic).
The company intends to use the funds to build and enhance Spotlight, an AI rotoscoping tool capable to deliver the detail needed for the big screen by outputting an editable layer that allows VFX artists to make key adjustments (known as splines).
Led by CEO Gary Palmer, Electric Sheep is dedicated to accelerating the visual effects (VFX) industry with AI technology with a focus on speed, scale and security. Its solution automates flawless background removal for TV and film. This process, known as rotoscoping, is essential before adding special effects. Currently, the only way to deliver the detail needed for the big screen is to manually cut around foregrounds frame-by-frame.
Its cloud-native solution, Spotlight, processes 1 second of footage in less than a minute.
FinSMEs
19/08/2023