A $55 million raise allows the generative video startup Pika Labs to compete against giants Meta, Adobe, and Stability AI. Pika is coming out of beta just six months after the company’s inception and serves the company’s vision of enabling everyone to become their own video director to democratize the field of video production. With a growing community of half a million users, Pika has tapped into the growing demand for accessible video creation tools.
Source: Pika Wows in Debut as AI Video Generator Takes Aim at Tech Giants – Decrypt