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Stockreport

Mirelo raises $41M from Index and a16z to solve AI video's silent problem [TechCrunch]

Alphabet Inc. - Class C Capital Stock (GOOG)  More Company Research Source: TechCrunch
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: abc.xyz/investor
Earlier this year, the Berlin-based startup released Mirelo SFX v1.5, an AI model that interprets videos to add synced sound effects (SFX). This attracted attention from VCs gearing up for a generative AI revolution in games . The two-year-old German startup has raised a $41 million seed round led by Index Ventures and Andreessen Horowitz, TechCrunch learned exclusively. This new capital will help Mirelo compete more effectively in its emerging category. While it was still in stealth mode and resource-constrained, large companies such as Sony and Tencent released video-to-SFX models. So did Kuaishou-owned Kling AI, out of China, and ElevenLabs , which is also backed by a16z. While Mirelo already differs from them by its narrower focus, beating these models in the long run requires the startup to make additional hires. Altogether, the startup expects its team of 10 people to “double if not triple” in headcount by the end of next year, Mirelo CEO and co-founder CJ Simon-Gabriel t [Read more]
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Stockreport

Mirelo raises $41M from Index and a16z to solve AI video's silent problem [TechCrunch]

Alphabet Inc. - Class C Capital Stock  (GOOG) 
More Company Research Source: TechCrunch
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: abc.xyz/investor
Earlier this year, the Berlin-based startup released Mirelo SFX v1.5, an AI model that interprets videos to add synced sound effects (SFX). This attracted attention from VCs gearing up for a generative AI revolution in games . The two-year-old German startup has raised a $41 million seed round led by Index Ventures and Andreessen Horowitz, TechCrunch learned exclusively. This new capital will help Mirelo compete more effectively in its emerging category. While it was still in stealth mode and resource-constrained, large companies such as Sony and Tencent released video-to-SFX models. So did Kuaishou-owned Kling AI, out of China, and ElevenLabs , which is also backed by a16z. While Mirelo already differs from them by its narrower focus, beating these models in the long run requires the startup to make additional hires. Altogether, the startup expects its team of 10 people to “double if not triple” in headcount by the end of next year, Mirelo CEO and co-founder CJ Simon-Gabriel t [Read more]
IMPACT SNAPSHOT
EVENT TIME:
GOOG
Last Price
Price Change
Price Change %
Volume Shares
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%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
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High:
Low:
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Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
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%
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VOLUME (SHARES)
TICKS
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EVENT DAY
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