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Haiper, an AI video generation tool, closed a $13.8 million seed round led by Octopus Ventures
PANews reported on March 7 that, according to TechCrunch, former DeepMind members Yishu Miao and Ziyu Wang launched an AI video generation tool Haiper. The tool is based on its unique AI model and is designed to solve the challenges of video generation. Haiper has raised $13.8 million in a seed funding round led by Octopus Ventures with participation from 5Y Capital. Prior to this, angel investors, including Phil Blunsom and Nando de Freitas, helped the company close a $5.4 million pre-seed round in April 2022. Users can generate videos on the Haiper website for free by entering text prompts, although there are certain limitations. The company is planning to expand its capabilities for video generation and has explored commercial use cases with companies, including JD.com.