Pika Labs, which is building AI tools to generate and edit videos, raises $55M

The generative AI hype hasn’t died down yet.
Case in point, Pika, a startup creating an AI-powered platform to edit and generate videos from captions and still images, today announced that it raised $55 million in a funding round led by Lightspeed Venture Partners with participation from Homebrew, Conviction Capital, SV Angel, Ben’s Bites and notable angel investors including Quora founder Adam D’Angelo, ex-GitHub CEO Nat Friedman and Giphy co-founder Alex Chung.
The fresh tranche comes just six months after Pika emerged from stealth and coincides with the early access launch of what Pika’s calling “Pika 1.0,” a …
Read more…….