Generative AI Video Startup Pika Raises $35M
Generative AI video creation startup Pika has raised $35 million in a Series A funding round led by Lightspeed Venture Partners and launched its text-to-video platform. Pika has raised $55 million in the six months since it launched and claims to have onboarded more than 500,000 users, creating millions of videos a week.
Central to the Pika 1.0 upgrade is a new generative model producing professional-grade videos in categories like 3D animation, anime, and cinematic styles. Users simply describe a video concept in text, and Pika handles scene rendering, character posing, prop selections, color corrections, and editing transitions using AI. The refreshed web interface also enhances browsing, sharing, and account management. Pika has currently amassed a long waitlist for trying 1.0 via its website. Pika also recently added music video generation, letting users animate themselves dancing to top song hits. Such applications highlight the startup’s goal to unleash creativity among the masses.
“When we started Pika six months ago, we wanted to push the boundaries of technology and design a future interface of video making that is effortless and accessible to everyone. Since then, we’re proud to have grown the Pika community to half a million users, who are generating millions of videos per week,” Pika wrote in a blog post. “Our vision for Pika is to enable everyone to be the director of their own stories and to bring out the creator in each of us. Today, we reached a milestone that brings us closer to our vision.”