Tech Company Financing Transactions
Colossyan Funding Round
Colossyan secured a $5 million Series A funding round on 2/27/2023. Backers included Launchub Ventures and Emerge Education.
Transaction Overview
Company Name
Announced On
2/27/2023
Transaction Type
Venture Equity
Amount
$5,000,000
Round
Series A
Investors
Launchub Ventures (Lead Investor)
Proceeds Purpose
The company plans to use the funds to grow its engineering and AI research teams. It also plans on expanding its commercial functions in London and New York, with key hires in sales, marketing, and adding to the industry-leading customer success team.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
211 Old Street
London, England, EC1V 9NR
UK
London, England, EC1V 9NR
UK
Phone
Undisclosed
Website
Email Address
Overview
Colossyan was founded to answer a question: what if there was a different way to create video? Several years ago, while working at another company, three friends saw first-hand how time-consuming video production is. There are so many moving parts - the script, actors, and setting have to be just right - and if something is out of place, you have to reshoot. They gathered a team of world-class engineers and AI researchers to build a platform now used by companies like Hewlett Packard, BASF, and BMW to create and localize videos in minutes that previously would have taken months.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Dominik Kovacs
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We do our best to document tech company VC transactions. VC investment data records reported here are sourced from news reports and company announcements. The information is sourced from VentureDeal.com, an affiliated venture.
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