AI video creation platform Honor has raised $10 million in seed capitalContinuation of the Demand for AI-focused investments and interest in generative, AI-powered creation products.
Hedra was founded by former employees of Nvidia, Google and Meta and has investors akin to Index Ventures, Abstract and A16Z Speedrun.
As a part of its seed round, Hedra also secretly released its video-focused base model, Character-1. The company said Character-1, which it presented to researchers in June, is “the fastest video base model available on the market.”
“Until now, developers have needed to compromise on control and speed with generative video models,” the corporate said. “(In June) Character-1, our research preview, showed that this is not any longer the case. The speed and ease of use are designed to extend the efficiency of content creators and marketers.”
According to Hedra, greater than 350,000 users have used the Character-1 platform and created over 1.6 million videos. The company said lots of the videos created with Character-1 have gone viral on Reddit and Instagram. Hedra emphasized that it should allow users to create AI pop stars and AI-generated content. Additionally, the corporate is trying to further improve its security and content moderation features.
The company desires to make its platform more multimodal to “integrate story, audio and video generation right into a unified workflow.” Hedra hopes to streamline content creation and enable the customization of digital avatars and characters using artificial intelligence.
Hedra's Character-1 is the newest video generation model to be released to the general public in recent months. Haiper 1.5, which got here out of the shadows in March, is designed to challenge OpenAI's Sora. RunwayML, one in every of the pioneers of AI-generated video, publicly released its Gen-3 Alpha model in July, while Luma AI announced its realistic video platform Dream Machine in June.
Another video platform, Captions, raised $60 million in Series C funding in July.
Larger corporations like OpenAI and Google are also within the race on the subject of creating videos using AI technology. OpenAI's Sora hasn't been released to the general public yet, but the corporate has been working with brands and filmmakers to showcase the platform. Google announced Veo in May.
