Pika Raises $80M

Pika Raises $80M

Pika.Art has achieved a significant milestone. After a year of development following the founders’ decision to leave Stanford, the company has successfully raised $80M in a Series B funding round. This latest investment brings Pika AI’s total funding to $135M.

Over the past year, Pika AI has made considerable strides. The company executed a stealth launch on Discord, introduced the 1.0 model and web app, delivered multiple first-to-market features, and expanded its team from three to thirteen members.

The core mission of Pika AI is to democratize video storytelling, making it accessible to a broader audience. This new funding round, led by Spark Capital, will significantly bolster the company’s efforts to enhance its video foundation model and refine its product for video creators. Additionally, it will support Pika AI in attracting top talent to further its mission.

Pika AI extends gratitude to its new investors for their support in the company’s vision of eliminating barriers to video creation. The round included contributions from prominent investment firms and individuals across technology and entertainment sectors, such as Greycroft, Lightspeed, Neo, Makers Fund, Jared Leto, and Craig Kallman. This is in addition to previous supporters, including Nat Friedman, Daniel Gross, Elad Gil, Adam D’Angelo, Mike Vernal, Karim Atiyeh, Aaron Levie, Andrej Karpathy, Aravind Srinivas, Clem Delangue, Alex Chung, Mateusz Staniszewski, Conviction, and SV Angel.

Pika AI acknowledges the invaluable support and inspiration from its community of creators, whose ideas continue to drive the company forward.

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