Pika, a company revolutionizing the video-making and editing process through AI, has made its public debut alongside the announcement of a $55 million Series A funding round led by Lightspeed Venture Partners.
Founded by Demi Guo and Chenlin Meng, former PhD students from Stanford University’s renowned AI Labs, Pika Labs is unveiling Pika 1.0.
The update introduces a new AI model capable of generating and editing videos in various styles, including 3D animation, anime, and cinematic genres.
Pika’s features enable users to create short, high-quality videos from text, image, and video inputs, adjust camera movement, and extend videos to any length.
Since its beta launch on Discord in April, Pika has garnered over half a million users who generate millions of videos weekly.
Pika-generated videos have gained significant visibility on social media platforms, with the #pikalabs hashtag amassing nearly 30 million views on TikTok alone.
The company aims to provide an accessible and effortless video-making and editing experience for everyday consumers and creators, empowering them to become creative directors.
The $55 million Series A round brings Pika’s total funding to $55 million in its first six months, with Lightspeed Venture Partners, Nat Friedman, Daniel Gross, Elad Gil, Adam D’Angelo, and others participating in the funding.
