Pika Raises $35M in Series A Funding to Revolutionize AI Video Creation

Pika is an AI video platform that enables users to create videos in various styles.

Source: Pika

Company Name: Pika

Location: Palo Alto, CA

Sector: AI Video Platform

Funding Details: Raised $35M in Series A funding

Funding led by: Lightspeed Venture Partners
Participation from: Nat Friedman, Daniel Gross, Elad Gil, Adam D’Angelo, Andrej Karpathy, Clem Delangue, Craig Kallman, Alex Chung, Homebrew, Conviction Capital, SV Angel, Ben’s Bites
Total Funding: $55M (including previous rounds)
Purpose of Investment: Expand operations and business reach

Leadership: CEO Demi Guo and Chenlin Meng

Product: AI video platform with features like 3D animation, anime, cinematic styles; Pika 1.0 with new AI model and web experience

About: Launched in late April 2023, Pika is an AI video platform that enables users to create videos in various styles. Initially launched in beta on Discord, it now boasts over 500,000 users generating millions of videos weekly.

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