D-ID Raises $25M For Its AI-Based Creative Reenactment Tech
Israeli creative reality startup D-ID, announced the closure of a $25 million Series B funding round this week to expand the scope of its digital human and reenactment technology.
The round was led by investment firm Macquarie Capital and joined by other substantial investments from Pitango, AXA Venture Partners, OurCrowd, OIF, Maverick, and Marubeni.
D-ID’s latest capital brings its total funding to $48 million.
In addition to initiating staff growth and broadening the technology’s applications, the new funds will enable D-ID to both expand and support its sales and marketing teams based in the United States, APAC, and EMEA.
Founded in 2017, D-ID animates still photographs and facilitates high-quality video productions using deep learning and AI-driven reenactment technology. Warner Bros. Studios, Mondelez Publicis, and MyHeritage are among D-ID’s biggest clients. The company has also partnered with virtual and augmented reality platform, The Glimpse Group, to develop AI, AR, and VR applications for the Metaverse as the digital human and metaverse market is projected to grow more than tenfold over the next ten years.
“Over the past year we have witnessed the skyrocketing success of our technology across so many applications and industries, with the power to generate so much good,” said Gil Perry, CEO and co-founder of D-ID. “We are incredibly grateful for this new round of funding and strong partnership with Macquarie, which will enable us to scale up our business and our technology to the next level.”
“Our purpose is about empowering people to innovate and invest for a better future. D-ID helps us imagine that future,” said David Standen, Global co-head of Macquarie Capital Venture Capital Group. “We’re delighted to gain exposure to this rapidly growing sector. This technology offers so many uses across such a wide variety of industries. They’re true pioneers in a pioneering market. We know this is just the beginning for D-ID and Macquarie.”