Pika Revolutionizes Video Creation with Pika 1.0 and Secures $55 Million in Funding, Backed by Leading Industry Visionaries
As a testament to the resounding confidence in Pika's pioneering approach, the company has garnered significant financial support.
Pika, the visionary force behind transforming the landscape of video creation, announced a significant leap forward with the unveiling of Pika 1.0, marking a new era in effortless video production. Simultaneously, the company celebrated a fundraising achievement, securing a staggering $55 million from an illustrious group of investors, further solidifying its status as an industry leader.
Pika was co-founded by Demi Guo and Chenlin Meng, both former Ph.D. students in Stanford’s Artificial Intelligence Lab. Prior to their studies at Stanford, Demi Guo worked as an engineer at Meta’s AI research division, while Chenlin Meng co-authored a number of AI research papers, including several pertaining to generative AI.
Pika is commitment to democratizing video creation, Pika has rapidly amassed a community of half a million users within a mere six months. This flourishing community actively generates millions of videos weekly, testament to Pika's vision of empowering individuals to become the architects of their narratives and unlock their creative potential.
Pika 1.0 stands as a testament to this vision, encompassing a revolutionary AI model capable of generating and editing videos in diverse styles, including 3D animation, anime, cartoons, and cinematic formats. Coupled with a redesigned web interface, Pika 1.0 ensures an intuitive and accessible user experience, inviting individuals of all skill levels to partake in the art of video creation.
As a testament to the resounding confidence in Pika's pioneering approach, the company has garnered significant financial support. The fundraising journey commenced with pre-seed and seed rounds, steered by prominent figures Nat Friedman and Daniel Gross. Building upon this foundation, Pika's Series A round was led by the esteemed Lightspeed Venture Partners. The list of distinguished investors includes industry luminaries such as Elad Gil, Adam D’Angelo (Founder and CEO of Quora), Andrej Karpathy, Clem Delangue (Co-Founder and CEO of Hugging Face and Partner at Factorial Capital), Craig Kallman (CEO of Atlantic Records), and Alex Chung (Co-Founder of Giphy). Notably, venture firms like Homebrew, Conviction Capital, SV Angel, and Ben’s Bites, alongside several other revered industry leaders and AI experts, have enthusiastically contributed to Pika's ambitious journey.
Looking ahead, Pika is actively seeking passionate and driven individuals to join its dynamic team. The company invites those eager to push the boundaries of AI and creativity to explore available opportunities and contribute to this exciting journey.
As Pika sets its sights on redefining the landscape of video creation, the unveiling of Pika 1.0 and the substantial funding underscore the company's commitment to making video-making an inclusive, innovative, and user-friendly experience.
