VideoGen raises $3.3M seed as its AI video platform passes 5 million users

0:00Welcome to Global Economic Press, where we deliver trusted global finance and economic news, analysis, and reports, empowering leaders and investors with reliable, timely insights. I'm your host, Alex Brady. Today, we're diving into the world of artificial intelligence and video production as we explore the latest developments from VideoGen, a rapidly growing AI video platform that has just secured significant funding to expand its operations. Stay tuned as we unpack how this innovative company is transforming video creation and what it means for businesses worldwide. VideoGen, an artificial intelligence video platform whose agents work with users through structured workflows to create fully editable, copyright-free videos has passed 5 million users in more than 190 countries. And today, announced a $3.3 million seed round. The company launched in August 2023

1:00on $30,000 of the founder's internship savings and bootstrapped for its first year before joining Y Combinator in summer 2024. The round includes Y Combinator, Rebel Fun, Lobster Capital, and Stretford N Capital, with participation from Mento Venture Capital, Pioneer Fun, in Decacorn Venture Capital. VideoGen will use the funding to scale its team and grow its brand. Video is the dominant format on the internet, but making it remains hard, time-consuming, inexpensive to outsource. VideoGen's artificial intelligence agents work with users at every step, turning a brief or uploaded media into fully editable videos through structured workflows and reusable assets. They can coordinate multiple related videos from a single brief, keeping every deliverable consistent through shared context and assets. The platform includes realistic, artificial intelligence voiceovers with more than 200 voices

2:00in over 50 languages and accents. Users can translate a video with one click, then edit, and share entirely in the browser with no downloads required. For developers and tech first companies, VideoGen also offers a text-to-video application programming interface and media control protocol integration for programmatically generating and editing videos. VideoGen supports a range of business use cases. Performance marketing and e-commerce teams use it to create product videos, advertisements, and campaign creative, while learning and development teams use it to create training, e-learning, and onboarding videos. Today, VideoGen serves thousands of customers from individual creators and small businesses to teams at Fortune 500 companies. Most artificial intelligence video tools give you a clip. Nobody wants a clip. They want a finished video. VideoGen automates the entire edit and through our application programming interface

3:00and media control protocol, companies now generate videos without ever opening an editor. Full automation is where video is going, and 5 million users suggest the market agrees, said Anton Kunig. Co-founder and chief executive officer of VideoGen T-Sun. VideoGen solves the biggest pain points of video production, complexity, cost, and time. In just a few clicks, anyone can create professional, copyright-free videos, said Gary Ton, chief executive officer of Y Combinator, a VideoGen investor. Kunig and David Grossman launched VideoGen in 2D23 while still in college, pooling $30,000 from their internship savings. The two met as middle schoolers at a tennis academy where doubles tournaments turned into a friendship built on a shared obsession with coding, artificial intelligence, and online video. Kunig studied computer science at the University of Massachusetts Amherst and interned at Amazon Web Services in fact set before leaving college

4:01to build VideoGen full-time. Grossman interned at Palantir and graduated from Brown University with degrees in computer science and applied mathematics while VideoGen passed 1 million users. In summer 2024, the company joined Y Combinator summer 2024 batch with mentorship from Gary Tan. Key facts, founded 2023 San Francisco, users 5 million plus across 190 plus countries, customers, individuals to Fortune 500 teams, backers Y Combinator, Rebel Fun, lobster capital, Stretford N Capital, Mento Venture Capital, Pioneer Fund, Indecacorn Venture Capital, raised $3.3 million seed, bootstrapped on 30,000 for its first year. About VideoGen, VideoGen is an artificial intelligence video creation platform for businesses, marketers, creators, and learning and development teams.

5:03It's artificial intelligence agents support video production through structured workflows, reusable assets, and browser-based editing. The company serves customers ranging from individuals and small businesses to large enterprise teams. Media contact, Anton Kunig, co-founder and chief executive officer, press VideoGen.io. Founders are available for interviews. Press Kit, Logos, Founder Photos, Product Screenshots, Example Videos, Link to Press Kit.