Saturday, December 14, 2024

Paris-based startup Argil secures €4.9 million to pioneer AI-driven video production for creators in the burgeoning financial ecosystem.

A French AI startup specializing in video production has secured €4.9 million in pre-seed and seed funding to build its innovative platform catering to creators, educators, and corporations. The latest round of funding for this spherical has been led by EQT Ventures, with a prior investment of €1 million in pre-seed funding from Seedcamp and Axeleo. Noted traders endorse YouTuber Kwebbelkop and Charles Gorintin, co-founder of Alan and Mistral AI.

Laodis Menard, CEO and co-founder of Argil, leveraged his extensive experience in product advertising and marketing from his tenure at a renowned French unicorn to drive the development of this innovative venture.

Emerging from the renowned Y Combinator accelerator program, Argil seeks to revolutionize video production by empowering creators with artificial intelligence-driven tools that deliver high-caliber, tailored content to a broad audience. The company’s innovative platform empowers users to craft photorealistic digital characters by training AI models on uploaded video content, enabling the creation of multilingual, instantly shareable videos in mere minutes. Starting at just €1 per video minute, Argil’s solution meets the surging demand for video content in today’s creator-led digital economy.

Argil’s expertise enables lifelike AI avatars that exhibit natural physicality, distinct from the robotic avatars typically used in corporate training, which lack the nuanced expression and physique language that Argil’s models provide. The platform empowers creators to revolutionise existing written content and audio assets by converting them seamlessly into engaging video formats, boasting cutting-edge AI-driven tools for pre-editing, automated captioning, and seamless B-roll integration.

Argil’s reputation has resonated with YouTubers and the estates of iconic celebrities, such as Audrey Hepburn, who leverage the platform to reinterpret legends for modern audiences.

EQT Ventures Associate Ted Persson underscored Argil’s promise, noting that

With this funding in place, Argil intends to expand its operational scope and further develop its digital infrastructure.

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